About Continental Life
The Continental Life Insurance Company is based in Brentwood, Tennessee and is a wholly-owned subsidiary company of Aetna, Inc since 2006. They provide health and life insurance for many states and have been offering supplemental products since 1983.
Aetna Medigap insurance plans are available in many states and are sold under subsidiary companies like American Continental or Continental Life insurance.
Continental Life Medicare Plans Available
For those seniors who find it challenging to manage their healthcare expenses, choosing a Medicare supplement plan with Continental Life could help pay for the costs not covered with your Original Medicare Part A and Medicare Part B.
Medicare is a government-sponsored health insurance program that provides coverage for people age 65 and older, regardless of their income. It covers inpatient hospital stays, and outpatient services like physician visits.
Original Medicare consists of two parts: Part A, which covers hospital visits, and Part B, which covers doctors.
Medicare Part A
Medicare Part A is hospital insurance. It covers inpatient care at a variety of different facilities.
In general, services covered under Medicare Part A include:
- Hospital care (inpatient)
- Limited home health services
- Care in a skilled nursing facility (SNF), provided that custodial care not be the only care required
- Hospice care
Medicare Part B
Medicare Part B is medical insurance. It covers various types of outpatient services as well as some types of preventative care.
In general, services covered under Medicare Part B include:
- Visits to a healthcare facility
- Ambulance services
- Part-time or temporary home health care
- Rehabilitation services and physical therapy
- Flu and Hepatitis B shots
- Cardiovascular, cancer, and diabetes screenings
- Limited outpatient prescription drugs
- Durable medical equipment
- Clinical research
- Mental health services (inpatient, outpatient, and partial hospitalization)
- Second opinions before surgery
Continental Life Medicare Advantage (Part C)
Starting January 1st, 2020, people new to Medicare could no longer purchase the Plans C or F Medigap plans. If you are currently enrolled in one of these plans or have purchased Plan F with a high deductible before then (if eligible), they can still use this plan until it expires.
Continental Life Medicare Part D – Drug Plans
Continental Life Medicare Insurance does not offer prescription drug coverage. As a Continental Life Medicare Insurance customer, you may decide to enroll in an Aetna Advantage or stand-alone Prescription Drug Plan if you need prescription drug coverage.
Continental Life Medicare Supplement Plans
Continental Life Medigap Insurance plans include:
- Plan A
- Plan B
- Plan F
- Plan G
- Plan N
Note plan availability varies by state.
Plan A supplemental insurance is the most basic plan covering the most important gaps when using Medicare. These are hospital coinsurance and hospital outpatient coinsurance. Your Plan A will pay for your daily hospital copays when you have inpatient stays lasting longer than 60 days. Additionally, Plan A will provide 365 days of healthcare coverage after your Medicare Part A hospital benefits have run out.
Medigap Plan B will cover the same items as Plan A plus your Part A hospital deductible. This will help when you have any inpatient stays. Cost-sharing for skilled nursing is not covered with Medigap Plan A and your Part B deductible or Part B foreign travel emergencies and any Medicare Part B excess charges.
Plan F is considered one of the more complete Medigap plans on the market, covering almost every gap found in Medicare Part A & Medicare Part B plans. With Plan F, your out-of-pocket expenses are covered for any hospital and outpatient medical services. No deductibles or coinsurance costs need to be met while a patient is in the hospital to have surgery.
Your doctor’s visits, ambulance rides, labwork, chemotherapy, and more are also covered. Foreign travel emergency coverage for Plan F can be up to $50,000.
Plan F provides all the basic benefits on Plan C with these extra benefits:
- 100% of the Part B excess charge
Remember: since 2020, people new to Medicare could no longer purchase the Plans C or F Medigap plans. If you are currently enrolled in one of these plans or have purchased Plan F with a high deductible before then, the plan is still active until it expires.
Plan G Medigap plan is the most popular plan in the nation, covering the same items found in Plan F except for the Part B deductible. Going to your first outpatient visit for any calendar year, you have to pay the Part B deductible, which is out of pocket. Then your plan will work the same as a Plan F for the remainder of the year.
Plan N, first offered in 2021, is one of the newest Medigap plans offered. With Plan N, you often have lower premiums than Plan G because you will have to pay for additional copays for some of your medical services. You must pay any additional excess charges and your Part B deductible.
Enrolling in Continental Life & Open Enrollment Period
You can apply for a Medicare Supplement insurance policy if you are:
- A resident of a state where the policy is offered
- Enrolled in Medicare Parts A and B
- Age 65 or over or, in some states, under age 65 with a disability (plan offerings and eligibility vary by state)
In most cases, once you are enrolled in Medicare, you don’t have to re-enroll or renew your Medicare plan every year.
If you want to change your Medicare policy, though, you can do that during the annual Medicare open enrollment period. This gives you the chance to change your policy or choose a different coverage option that meets your needs.