Continental Life Insurance And Aetna: What's The Difference?

Continental Life Insurance Company of Brentwood, Tennessee, is a subsidiary of Aetna. In 1983, Continental Life Insurance became the foundation of Aetna's Senior Supplemental insurance business. The two companies merged in 2011, along with American Continental Insurance Company, to form Aetna Senior Supplemental Insurance. Continental Life Insurance offers supplemental insurance to Medicare, ensuring seniors don't experience gaps in their coverage. Aetna, on the other hand, is one of the leading diversified healthcare benefits companies in the nation, serving approximately 50 million people.

Continental Life Insurance Company of Brentwood, Tennessee

CLI offers supplemental insurance to Medicare, ensuring that seniors don't experience gaps in their coverage. This includes Medicare Supplement insurance, Medicare Advantage plans, and Part D Prescription drug plans.

The company provides a full range of products and coverage types, including:

• Medicare Supplement insurance, which offers seniors continuity in their insurance, allowing them to stay with the same healthcare providers.
• The Protection Series, which includes an expansive insurance bundle covering cancer, heart attack, stroke, dental, vision, hearing, home care, hospital indemnity, and recovery care.
• Whole life insurance coverage, which helps with financial stressors after funeral bills are paid.

CLI has a strong financial backing and is known for meeting its commitments. It has received an "A- Excellent" financial strength rating from A.M. Best.

Aetna, as a whole, is one of the nation's leading diversified healthcare benefits companies, serving an estimated 46.7 million people. It offers a broad range of traditional, voluntary, and consumer-directed health insurance products and services, including medical, pharmacy, dental, behavioural health, and more.

Aetna's acquisition of CLI in 2011 has allowed it to expand its reach and provide competitive rates, excellent customer service, and conservative rate increases to its policyholders.

CLI and ACI became part of the Aetna family in 2011

In 2011, Continental Life Insurance Company (CLI) and American Continental Insurance Company (ACI) became part of the Aetna family of companies. CLI, established in Brentwood, Tennessee, in 1983, laid the foundation for Aetna's Senior Supplemental insurance business. ACI was established in 2005, following in CLI's tradition.

The acquisition of CLI and ACI by Aetna in 2011 strengthened their position in the senior insurance market. CLI and ACI's ratings by A.M. Best Company improved to "A" (Excellent) as a result of this merger. This rating indicates strong financial security and stability for policyholders.

The addition of CLI and ACI to the Aetna group expanded the range of insurance products offered. CLI specialised in supplemental insurance for seniors, ensuring that Medicare coverage gaps were filled. This included Medicare Supplement insurance, Medicare Advantage plans, and Part D Prescription drug plans. ACI, as an Aetna subsidiary, also contributed to the diverse insurance options available under the Aetna brand.

The merger brought together CLI's expertise in senior insurance and Aetna's extensive experience in the healthcare industry. CLI's commitment to providing quality health and life products aligned with Aetna's goal of offering unique and trusted health plans to meet individual needs.

With CLI and ACI on board, Aetna was able to enhance its senior insurance offerings and provide comprehensive coverage options for millions of seniors across the nation.

CLI offers Medicare Supplement insurance, Medicare Advantage plans, and Part D Prescription drug plans

Continental Life Insurance Company (CLI) is a subsidiary of Aetna, which offers a range of health insurance products and services. CLI provides Medicare Supplement insurance, also known as Medigap plans, to help cover the costs associated with the Federal Medicare program, including the Medicare Part B deductible, coinsurance, copayments, and Part B excess charges. These plans offer flexibility, allowing individuals to visit any physician, specialist, or hospital that accepts Medicare patients and providing coverage during travel.

CLI's Medicare Supplement insurance plans are standardized, meaning that regardless of the chosen insurance agency, the same coverage is provided. These plans include Part A Hospital Coinsurance, Hospital Reserve Days, Skilled Nursing Facility coverage, Part B Excess Charges, a Foreign Travel Benefit, and Preventive Care Coinsurance. Additionally, copays are set at $20 per office visit and $50 per ER visit if the patient is not admitted to the hospital.

While CLI does not offer Medicare Advantage plans or Medicare Part D Prescription Drug plans directly, these are available through Aetna Medicare. Medicare Advantage plans combine Medicare Part A and Part B benefits into a single plan, often including prescription drug coverage and other benefits not provided by Medicare. On the other hand, Medicare Part D Prescription Drug plans help cover the cost of prescription medications and can be obtained either as a stand-alone Part D plan or as part of a Medicare Advantage plan with pharmacy coverage.

Medicare Supplement insurance plans from CLI offer several advantages, including being a CVS/Aetna company, providing strong household discounts, and implementing conservative rate increases. CLI has received financial strength ratings, indicating its ability to pay claims promptly, offer competitive rates, and manage rate increases effectively. Individuals interested in enrolling in a CLI Medicare plan can do so by contacting the company directly or filling out an online request form to receive assistance in choosing the best plan for their needs.

Aetna Senior Supplemental Insurance was formed by the merger of CLI, ACI, and Aetna in 2011

In 1983, Continental Life Insurance Company (CLI) of Brentwood, Tennessee, became the foundation of what would later be known as Aetna Senior Supplemental Insurance. At the time, CLI offered supplemental insurance to Medicare to prevent gaps in coverage for seniors.

In 2005, American Continental Insurance Company (ACI) was established, following in the same tradition of CLI. Six years later, in 2011, CLI and ACI became members of the Aetna family of companies, enhancing their strength and stability in the senior insurance market.

The same year, in 2011, Aetna, CLI, and ACI merged to form Aetna Senior Supplemental Insurance. This merger brought together the expertise and resources of all three companies, resulting in a diverse range of insurance products and services.

With the addition of CLI and ACI, Aetna expanded its presence in the senior insurance market and strengthened its position as a leading provider of supplemental insurance for seniors. The combined entity offered a broad range of insurance plans, including Medicare Supplement Insurance, Medicare Advantage Plans, and Part D Prescription Drug Plans.

The formation of Aetna Senior Supplemental Insurance through the merger of CLI, ACI, and Aetna in 2011 marked a significant step in providing comprehensive insurance solutions for seniors, ensuring that they receive the necessary coverage and support as they age.

Aetna offers a broad range of insurance products and services

Continental Life Insurance Company of Brentwood, Tennessee, became the foundation of Aetna's Senior Supplemental insurance business in 1983. In 2011, Continental Life Insurance, American Continental Insurance Company, and Aetna Health and Life Insurance Company merged to form Aetna Senior Supplemental Insurance.

• Medicare Supplement Insurance plans to help with out-of-pocket expenses not covered by Medicare, such as the Medicare Part B deductible, coinsurance, copayments, and Part B excess charges. These plans offer freedom and flexibility, allowing individuals to visit any physician, specialist, or hospital that accepts Medicare patients.
• Medicare Advantage plans that combine Medicare Part A and Part B benefits into a simple-to-use plan, often including prescription drug coverage and other benefits not covered by Medicare.
• Part D Prescription Drug Plans, offered through Aetna Medicare, provide stand-alone prescription drug coverage or can be included in a Medicare Advantage plan.
• Final expense whole life insurance, which helps individuals and families with financial stressors after funeral bills are handed out.
• The Protection Series, an expansive insurance bundle that includes cancer, heart attack, and stroke coverage, as well as dental, vision, hearing, home care, hospital indemnity, and recovery care.
• Dental insurance through its Continental division, covering preventive, basic, and major dental services.
• Life insurance, including whole life insurance and other life insurance products, providing financial security and peace of mind.
• Health insurance, including traditional, voluntary, and consumer-directed health insurance plans. Aetna's health insurance products cover medical, pharmacy, dental, behavioral health, group life, and disability plans.
• Medicaid health care management services, ensuring that individuals and families have access to the care and resources they need.
• Workers' compensation administrative services, demonstrating Aetna's commitment to supporting employees and businesses.
• Health information technology products and services, utilizing innovative solutions to improve healthcare outcomes.

Aetna serves a diverse range of customers, including employer groups, individuals, college students, part-time and hourly workers, health plans, healthcare providers, governmental units, government-sponsored plans, labor groups, and expatriates. With its comprehensive range of insurance products and services, Aetna is committed to meeting the unique needs of its customers and providing them with the resources to make informed decisions about their healthcare.

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