What is a Medicare Supplement Plan?

By | October 25, 2018

If you’re approaching your 65th birthday and starting to research options for Medicare, navigating through all of your new health care choices can be overwhelming. In addition to enrolling in a Medicare plan to meet your anticipated needs, you’ll also have to decide if a Medicare Supplement plan is right for you. 

At Erie Insurance, we’re here to help. Here are some things you should know when considering a Medicare Supplement plan. 

What is a Medicare Supplement plan?
Medicare Parts A and B provide insurance coverage for health-related expenses, but they don’t cover all of the health care costs you may have. A Medicare Supplement plan, sometimes called “Medigap,” is a private insurance policy that can help pay for some of the health care costs that Medicare doesn’t cover. This can include out-of-pocket expenses such as copayments, coinsurance and deductibles. 

With health care and out-of-pocket costs for Medicare participants on the rise, a Medicare Supplement plan can help set your mind at ease. 

What does a Medicare Supplement plan cover?
Medicare Supplement plans are designed to help pay for the costs that you would normally pay out of your own pocket. But the costs and benefits will depend on which Medicare Supplement plan you select.

Erie Family Life offers four supplemental insurance plans (five in Pennsylvania) designed to meet your needs and fit your budget. They include: 

  • Plan A: This plan includes basic benefits to help with copayments for services covered under Medicare Parts A and B.
  • Plan B: Available only in Pennsylvania, this plan provides the same benefits as Plan A but also pays your Medicare Part A hospital deductible.
  • Plan F: This plan offers the most comprehensive coverage of all our Medicare Supplement plans. It covers all out-of-pocket costs for medical expenses covered by your Medicare Supplement insurance.
  • Plan G: This plan is similar to Plan F, but doesn’t cover your Medicare Part B deductible. This means that once you pay your Part B deductible, you’ll basically have Plan F benefits.
  • Plan N: This is our middle-of-the-road coverage offering . Under Plan N, you’ll pay a lower premium in exchange for taking on a small annual deductible and some copayments. It covers your Medicare Part B copays, as well as your hospital deductible, copays and coinsurance.

Am I eligible for a Medicare Supplement plan?
If you are age 65 or over and enrolled in Medicare Parts A and B, you can apply for a Medicare Supplement plan policy. Coverage is guaranteed if you enroll in the first six months of Medicare Part B eligibility, and is guaranteed to renew each year.

How do I enroll?
To enroll in a Medicare Supplement plan, contact your ERIE agent or find a local agent near you. Be sure you have your Medicare ID card ready. Your agent can help answer questions and determine which plan and pricing best meet your needs.

ERIE® Medicare Supplement insurance products and services are provided by Erie Family Life Insurance Company.  Go to erieinsurance.com for company licensure information.

The policy has exclusions, limitations and terms under which the policy may be continued in force or discontinued. For costs and complete details of the coverage, contact your ERIE agent or refer to the government guide Choosing a Medigap Policy: A Guide to Health Insurance for People With Medicare.

Eligibility for insurance coverage will be determined at the time of application based on applicable underwriting guidelines and rules in effect at that time.

ERIE Medicare Supplement insurance is not available in the District of Columbia, New York and Wisconsin.  Life insurance not available in New York.  Medicare Supplement policy forms for Tennessee: EFLMS3003 9/17 (A) TN; EFLMS3009 9/17 (F) TN; EFLMS3014 9/17 (G) TN; EFLMS3019 9/17 (N) TN.  Maryland: Medicare Supplement policies are available to disabled individuals under the age of 65. See §15-909(b)(3)i.

Not connected with or endorsed by the U.S. Government or the Federal Medicare program. This is a solicitation of insurance.  An agent (or the company) may contact you.

19 thoughts on “What is a Medicare Supplement Plan?

  1. Daren Brunjes

    I would like to voice my affection for your kindness for folks who have the need for help on the issue. Your real dedication to passing the solution all over had been astonishingly advantageous and have specifically allowed associates like me to arrive at their objectives. The helpful recommendations means a whole lot a person like me and further more to my mates. Thanks a lot; from all of us.

  2. Latosha Knotts

    I would like to thank you for the efforts you have put in penning this site. I really hope to view the same high-grade content by you later on as well. In fact, your creative writing abilities has inspired me to get my own blog now 😉

  3. more

    I simply want to mention I’m new to blogging and site-building and actually loved you’re web blog. Almost certainly I’m planning to bookmark your blog post . You certainly have great well written articles. Cheers for revealing your website page.

  4. John Deere Diagnostic and Test Manuals

    The following time I learn a blog, I hope that it doesnt disappoint me as a lot as this one. I imply, I know it was my choice to learn, but I actually thought youd have one thing fascinating to say. All I hear is a bunch of whining about something that you may fix should you werent too busy searching for attention.

  5. skylinetix

    Spot on with this write-up, I seriously believe that this website needs far more attention. I’ll probably be returning to read more, thanks for the info!

  6. wricefinancial

    After checking out a handful of the articles on your web page, I truly appreciate your way of blogging. I bookmarked it to my bookmark webpage list and will be checking back soon. Please check out my web site too and let me know how you feel.

  7. Jaleesa Hovanes

    Everything is very open with a very clear explanation of the issues. It was truly informative. Your website is extremely helpful. Many thanks for sharing!

  8. Luxenationz

    Can I simply just say what a comfort to discover an individual who really knows what they are discussing on the web. You certainly realize how to bring a problem to light and make it important. More and more people have to check this out and understand this side of your story. I was surprised you aren’t more popular because you certainly have the gift.

  9. Royal CBD

    I have to thank you for the efforts you have put in writing this website. I’m hoping to check out the same high-grade content by you later on as well. In truth, your creative writing abilities has encouraged me to get my very own blog now 😉

  10. i99Club

    I’d like to thank you for the efforts you have put in writing this site. I am hoping to check out the same high-grade content by you in the future as well. In truth, your creative writing abilities has encouraged me to get my own, personal site now 😉

  11. The BP

    I was very happy to discover this page. I want to to thank you for ones time due to this fantastic read!! I definitely enjoyed every part of it and I have you book marked to see new things in your blog.

  12. John Deere Diagnostic and Test Manuals

    There are certainly a lot of details prefer that to consider. That is a wonderful specify talk about. I offer the thoughts above as general inspiration but clearly you can find questions like the one you raise up the location where the biggest thing will likely be doing work in honest great faith. I don?t know if recommendations have emerged around such things as that, but More than likely that your job is clearly recognized as a fair game. Both youngsters have the impact of just a moment’s pleasure, through out their lives.

  13. Safwa Law Firm

    I’m more than happy to find this website. I need to to thank you for ones time for this fantastic read!! I definitely really liked every little bit of it and I have you book-marked to see new stuff in your site.

  14. best cbd pills

    I absolutely love your website.. Very nice colors & theme. Did you make this web site yourself? Please reply back as I’m wanting to create my own blog and would love to know where you got this from or what the theme is called. Kudos!


Leave a Reply

Your email address will not be published. Required fields are marked *