Aetna purchases Coventry Healthcare
This week Aetna one of the countries largest insurance companies purchased Coventry Health Care for approximately 8.7 billion. Aetna has pushed for more strength in the senior insurance market over the last several years with the purchase of American Continental, Continental Life, and now Coventry. This allows the insurance company to continue stretching out its growth in the Medicare market through its different filings in all 50 states.
Aetna is one of the largest insurance companies in the world and over the past few years has decided to make a hard push in the Medicare market. With over 10,000 people turning 65 each day for the next 20 years it is hard to blame them or think that it is a bad move.
Aetna Medicare Supplement Offerings
Two companies that Aetna is using for their Medicare Supplement growth are American Continental Life Insurance Company and Continental Life Insurance Company. Both of these are "A" rated companies with AM Best the #1 rating agency in the United States. They are also very competitive in their Medicare Supplement Rates which can be compared through the Medicare Quote Engine.
You may ask what states are these Medigap companies competitive in?
They have been pretty popular and competitive all across the country ever since they gave a 15% rate decrease about 2 years ago. This has made them much more competitive and restored confidence in both of these companies being around in the Medicare market for a long time.
In the state of Mississippi, Texas, Georgia, Illinois, Virginia and many other states they have the most competitive pricing of an "A" rated insurance company. However, Cigna (American Retirement Life Insurance Company) has competitive rates in many of those states as well.
To Enroll in Your AETNA Medicare Plan call 1-877-936-2991.
Aetna has now become a large player in the Medicare market and is expected to see much growth in the coming years.[/caption]