Aetna's Short-Term Insurance Plans: Exploring The Pros And Cons

Aetna offers short-term insurance plans that can be useful for those with short-term health insurance needs. These plans are marketed as a secondary insurance plan to supplement your primary health insurance coverage. Aetna's short-term insurance plans are not traditional long-term care insurance policies but are instead limited-benefit cash indemnity policies. These policies pay the entire benefit amount in cash, regardless of the cost of care incurred. Aetna's short-term insurance plans can be beneficial for those who need coverage for in-home care, facility care, or hospital stays, and they offer flexibility in choosing healthcare providers.

Aetna short-term insurance offers cash benefits to help with everyday expenses

Aetna is a major name in the insurance industry, offering quality options to address the high costs of in-home care or facility care. Aetna's short-term insurance plans are cash indemnity policies that pay the entire benefit amount in cash, regardless of the cost of care incurred. These policies can be very valuable as a solution for extended care needs.

Aetna offers several limited-duration cash indemnity policies with expanded underwriting guidelines. These policies are marketed in several ways and can be combined with Medicare Supplement policies. While these plans are not traditional long-term care insurance, they can provide coverage for individuals who may otherwise be uninsurable due to pre-existing health issues or age.

Aetna's short-term insurance plans include a range of benefits such as facility daily benefits, weekly home care benefits, hospital indemnity benefits, and restoration of benefits. These plans are designed to provide financial support and peace of mind during challenging times.

With Aetna short-term insurance, individuals can have the flexibility to choose any care provider they wish, including family members, once a care plan is established. These plans offer the advantage of coordinated benefits, working together with primary insurance to offer comprehensive coverage.

Aetna's short-term insurance can be purchased as an individual or as a family plan

Aetna offers short-term insurance plans that can be purchased as an individual or as a family plan. These plans are designed to provide financial protection and peace of mind for unexpected life events and medical expenses.

Aetna's short-term insurance plans include supplemental health plans, which offer cash benefits to help with various expenses. These plans can be purchased as an individual or family plan, providing coverage for unexpected costs such as copays, hospital stays, and everyday expenses like groceries and utility bills.

In addition to supplemental health plans, Aetna also offers secondary health insurance, which can be purchased as an additional layer of protection to extend your coverage. This can include dental insurance, vision insurance, hospital indemnity insurance, and disability insurance. These plans can be tailored to meet the specific needs of individuals and families.

Aetna's short-term insurance plans also include limited-duration cash indemnity policies, known as "short-term care" policies. These policies provide a cash benefit that can be used for in-home care or facility care, such as assisted living, rehab, memory care, or nursing home expenses. Aetna offers two primary products in this category: Recovery Care and Home Care Plus. These products have fixed benefit periods and are available at different coverage levels to meet individual needs.

Aetna's short-term insurance plans are designed to be flexible and affordable, providing individuals and families with the coverage they need to manage unexpected expenses and focus on their health and well-being.

Aetna's short-term insurance is available for students

Aetna Student Health offers short-term insurance plans for students who are enrolled in college or studying abroad. These plans are underwritten by Aetna Life Insurance Company (Aetna). In Maryland and New Jersey, student medical insurance is underwritten by Aetna Health and Life Insurance Company (AHLIC). Self-insured plans are funded by the applicable school, with claims administration services provided by Aetna Life Insurance Company.

Aetna Student Health plans provide coverage for accidents and illnesses that occur while students are in school, studying overseas, or on spring break. The plans offer access to a national network of doctors, hospitals, and specialists, as well as discounts on massage therapy, over-the-counter vitamins, oral health care products, acupuncture, and weight-loss programs.

Enrollment and Coverage

Enrollment periods are specific to the student's academic schedule, and coverage is continuous during their academic career, 24 hours a day, anywhere in the world, including summer break.

Additional Benefits

In most cases, Aetna Student Health plans include a worldwide travel assistance service offering unlimited emergency medical evacuation services. Spouse and dependent coverage is available at most schools.

Short-Term Policy Risks

Short-term policies offered by other insurance companies may have strict enrollment guidelines and may limit or exclude coverage for pre-existing conditions. There is also no guarantee that coverage can be extended past the original enrollment period.

Aetna Student Health is dedicated to supporting the health needs of students and providing seamless customer support, simplified billing and claims administration, and timely determinations of benefits.

Aetna's short-term insurance is available for the self-employed

Aetna offers short-term health insurance plans for individuals, families, and the self-employed. These plans are underwritten by the Aetna Life Insurance Company directly or through an out-of-state blanket trust or Aetna Health Inc.

The short-term health insurance plans available for the self-employed include:

• Aetna Advantage Plans: These plans are available for individuals, families, and the self-employed. They offer flexibility and savings, with no referrals needed to access a broad network of providers and competitive discounts.
• PPO Health Insurance Plans: These plans offer flexibility and savings, with no referrals required. Members can visit any provider, in or out of the network, without a referral. However, staying in-network offers lower, contracted rates.
• ACA Health Insurance Plans: These plans are offered on the Affordable Care Act (ACA) Marketplace and provide access to the quality Aetna network of trusted local doctors and hospitals, as well as the convenience of CVS. They include essential benefits such as mental health services, prescription drugs, maternity and newborn care.
• Supplemental Health Insurance Plans: These plans offer cash benefits to help pay for everyday expenses, providing peace of mind. They can be used to cover copays, hospital charges, living expenses, and unexpected costs.
• Secondary Health Insurance Coverage: This type of coverage extends beyond the primary health insurance plan and can be purchased separately to provide additional benefits. It can help cover expenses such as dental and vision care, hospital stays, and disability income.
• Limited Duration Cash Indemnity Policies: These policies, also known as "short-term care" policies, provide a cash benefit that can be used for in-home care or facility care. They are ideal for those who are uninsurable due to pre-existing health issues or are over the maximum age for long-term care insurance.

Aetna's short-term insurance is available as a secondary insurance plan

Aetna short-term insurance is available as a secondary insurance plan.

Aetna offers a range of short-term insurance plans that can supplement a primary health insurance plan. These secondary plans provide additional benefits and financial protection for individuals and families.

One type of secondary insurance offered by Aetna is supplemental health insurance. This type of plan provides cash benefits to help with various expenses that may not be covered by a primary insurance plan, such as copays, deductibles, hospital stays, and even everyday costs like groceries and utility bills.

Aetna's short-term insurance plans can also be combined with other types of insurance, such as Medicare Supplement policies, to provide additional coverage for extended care needs. These plans are known as "short-term care" policies and pay the benefit amount in cash, allowing individuals to choose their care provider, including family members.

Additionally, Aetna offers secondary insurance plans such as dental insurance, vision insurance, and hospital indemnity plans. Dental insurance covers routine dental care and procedures, while vision insurance helps with the cost of prescription glasses, contact lenses, and eye exams. Hospital indemnity insurance provides financial support during hospital stays, covering expenses like deductibles and daily costs.

Aetna's short-term insurance plans are designed to provide flexibility, savings, and peace of mind for individuals and families, ensuring that they are prepared for unexpected financial and health challenges.

Frequently asked questions