Discussions of Medicare Supplement plans typically prompt multiple questions in response.
What is a Medicare Supplement Plan?
A Medicare Supplement plan is a private insurance policy that helps you pay for what Medicare doesn’t cover. You can apply for a policy when you sign up for Medicare Parts A and B. Available plans will vary depending on the state you live in.
Am I Eligible for a Medicare Supplement Plan?
You can apply for a Medicare Supplement plan policy if you are age 65 or over and enrolled in Medicare Parts A and B. The one-time Open Enrollment period, which begins on the first day of the month an individual is 65 or older and enrolled in Part B, provides for guaranteed issue. Individuals under age 65 eligible for and enrolled in Part B are not eligible (except in Kentucky) for guaranteed issue unless they have lost or are losing creditable coverage. In some states, Medicare Supplement insurance policies are available to people with disabilities who are under age 65.
Which Plan is the Most Comprehensive?
While all Medicare Supplement plans help offset those costs, Plan G offers the most comprehensive coverage for those becoming newly eligible for Medicare.
If you choose Medicare Supplement Plan G* from Erie Family Life, you won’t incur any out-of-pocket costs for expenses such as:
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Part A deductible
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Part A hospital copayments
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Part B copayments
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Part B excess physician charges (when a provider charges more than the Medicare-approved amount)
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Skilled nursing facility coinsurance
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Foreign emergency care
Plan G also allows you to choose any physician for your care, including specialists, while eliminating many out-of-pocket expenses associated with that care. Instead of paying copays and deductibles, you’ll pay a monthly premium for your Medicare Supplement plan.
How Do I Enroll?
We can help and have a dedicated staff member for this! Contact us! Shawn can answer any questions, determine your eligibility and review plans to meet your needs. When enrolling in a Medicare Supplement plan, be sure to have your Medicare ID card ready.
