Aetna Hospital Indemnity Insurance for Seniors: How It Works with Medicare

Good to know: Benefits are paid on top of your Medicare coverage, and you can spend the money however you want.

Already have Plan G? Standard Plan G covers almost all hospital costs after the Part B deductible, so you may not need a hospital indemnity plan.

The Bottom Line

Aetna’s hospital indemnity plan is a flexible way to get cash for a hospital stay. Paired with High-Deductible Plan G or Plan N, it can lower your total costs, and a licensed insurance agent can quote it alongside your Medicare Supplement plan at no cost.

➤ What is Aetna hospital indemnity insurance?

It is a fixed-benefit policy from an Aetna company that pays cash when you are admitted to the hospital. You can use the money for deductibles, copays or anything else.

➤ How does the Aetna hospital indemnity plan pay?

You choose a lump sum benefit paid per hospital stay or a daily benefit paid for each day you are confined. Amounts depend on the plan you pick.

➤ Can I get Aetna hospital indemnity with Medicare?

Yes. It pays in addition to Medicare, a Medicare Supplement plan or a Medicare Advantage plan.

➤ Do I have to answer health questions?

In many states, people around age 64 to 70 can get the base plan without health questions. Outside those ages and states, health questions may apply.

➤ What riders can I add?

Depending on your state, riders may include ambulance or ER visits, outpatient surgery, outpatient rehabilitation, doctor visits, skilled nursing care and a lump sum cancer benefit.

➤ Is Aetna hospital indemnity available in every state?

No. Availability, benefits and riders vary by state. A licensed insurance agent can tell you what is offered where you live.