Health care expenses can add up and be a burden, particularly if you’re on a fixed retirement income. Health care and out-of-pocket costs for Medicare participants are also on the rise, making the need for supplemental insurance even greater.2
Private insurance companies like Erie Family Life offer supplemental insurance policies1体育投注平台 that work with Medicare Parts A and B, the federal health insurance program for people age 65 and older, people under the age of 65 with certain disabilities and people of any age with End-Stage Renal Disease (ESRD).
Medicare Part A (hospital insurance) helps pay for:
Medicare Part B (medical insurance) helps pay for:
With Medicare Parts A and B, you’re required to pay deductibles and coinsurance for Medicare-provided services. Medicare Supplement plans are designed to help pay for costs like deductibles, copayments and coinsurance that you would typically pay out of your own pocket. The costs and benefits will depend on which Medicare Supplement plan you select.
体育投注平台Here are a few more reasons to enroll in a Medicare Supplement plan:
Medicare Supplement plans, lettered A through N, are designed to meet different levels of coverage needs. An Erie Insurance agent can help you determine what you want your Medicare Supplement insurance policy to cover. For instance, here are a few things to consider.
体育投注平台The policies do not cover long-term care, vision or dental care, hearing aids, eyeglasses or private nursing.
|Coverages||Plan A||Plan B (PA only)||Plan F3||Plan G||Plan N4|
|Basic benefits (including hospice care)||Yes||Yes||Yes||Yes||Yes|
|Part A deductible||-||Yes||Yes||Yes||Yes|
|Part A hospital copayments1||Yes||Yes||Yes||Yes||Yes|
|Part B deductible||-||-||Yes||-||-|
|Part B copayments||Yes||Yes||Yes||Yes||Yes|
|Part B excess physician charges||-||-||Yes||Yes||-|
|Skilled nursing facility coinsurance||-||-||Yes||Yes||Yes|
|Foreign emergency care2||-||-||Yes||Yes||Yes|
1体育投注平台Hospital benefits must be provided by facilities participating with Medicare. Payments are limited to the reasonable charge as determined by Medicare. After 90 days of hospitalization, Medicare benefits are paid from a one-time lifetime reserve of 60 days (days 91–150), which are not renewable each benefit period.
2Foreign emergency care is covered at 80 percent after a $250 deductible is met, up to a $50,000 lifetime maximum.
3This is different from Plan F High Deductible plans offered by some insurance companies, where you must pay all out-of-pocket Original Medicare costs until you reach a designated amount before your policy pays anything.
4体育投注平台Plan N requires a $20 copayment for office visits and a $50 copayment for emergency room visits. Copayments do not count toward the annual Part B deductible.
These plans are not connected with or endorsed by the U.S. government or the federal Medicare program. Not all plans are available in all states in which Erie Insurance conducts business and not all ERIE agents offer Medicare Supplement insurance. Medicare Supplement insurance is not available in the District of Columbia, New York and Wisconsin. Life insurance is not available in New York. The policy has terms under which the policy may be continued in force or discontinued. Costs and complete details of the coverage are available through your ERIE agent and in the government guide Choosing a Medigap Policy: A Guide to Health Insurance for People With Medicare.
ERIE also offers discounts4体育投注平台 designed to help keep health care costs down. The discounts vary by state:
Erie Family Life and our experienced insurance agents can help you select the best supplemental plan for your life and budget.
To enroll, get in touch with an ERIE agent, who will:
Erie Family Life has been providing life insurance and annuity products since 1967. Every policy from Erie Insurance or Erie Family Life comes with two very important, unique features: our promise of service and your own local, knowledgeable agent.
体育投注平台We'll help you consider the variables, lay out the options and make the process comfortable and efficient. With offices, employees and agents in 12 states, we’re never far away and we’ll be there when you need us the most.
1This is a solicitation of insurance. An agent (or the company) may contact you. ERIE® life and health insurance products and services are provided by Erie Family Life Insurance Company. The policy has terms, limitations and exclusions under which the policy may be continued in force or discontinued. For costs, complete details and licensure information, contact an ERIE agent or visit willowork.com/medicare-supplement. Eligibility for insurance coverage will be determined at the time of application, based upon applicable underwriting guidelines and rules in effect at that time. In some states, Medicare Supplement policies are available to disabled individuals under the age of 65. Not all plans are available in all states and not all ERIE agents offer Medicare Supplement insurance. Medicare Supplement insurance is not available in the District of Columbia, New York and Wisconsin. Life insurance is not available in New York.
2The Henry J. Kaiser Family Foundation report on Medicare beneficiaries’ out-of-pocket health care spending.
3Talk to your ERIE agent about exceptions that may apply to guaranteed coverage. For example, coverage is not always guaranteed within the first six months of Part B eligibility. In Kentucky 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 for guaranteed issue unless they have lost or are losing creditable coverage.
4Discount eligibility and amounts vary by state. Talk to your ERIE agent to determine what discounts apply in your state.