Find the right fit to help manage costs.
Medicare supplement insurance throughout Tennessee, in Knoxville, Chattanooga, Nashville, Cookeville and Memphis. Also in Asheville, NC.
Medicare supplement insurance can be a complicated topic. Our expert, Dennis Cunningham, can help you to determine which plan is the best fit for you.
Medicare insurance is a government-sponsored health insurance program available to most people aged 65 or older and who have paid into Social Security. It’s divided into several sections with differing costs and choices.
Choosing Medicare Supplement Insurance
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 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:
- Inpatient hospital care
- Skilled nursing facility care
- Hospice care
- Certain home health care services
Medicare Part B (medical insurance) helps pay for:
- Physician fees
- Outpatient hospital services
- Durable medical equipment
- Some preventive services
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.
Here are a few more reasons to enroll in a Medicare Supplement plan:
- It helps pay the portion of approved expenses not covered by Medicare.
- With no network, you can choose any doctor or hospital that accepts Original Medicare.
- Coverage is guaranteed if you enroll in the first six months of Medicare Part B eligibility.3
- Coverage is guaranteed to renew each year (unless you fail to pay premiums, make untrue statements or commit fraud).
Levels of Coverage
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.
- Basic benefits (including hospice care)
- Medicare Part A deductible
- Medicare Part A daily hospital copayments
- Medicare Part B deductible
- Medicare Part B copayments
- Medicare Part B excess physician charges
- Skilled nursing facility care copayments
- Emergency care in a foreign country
The policies do not cover long-term care, vision or dental care, hearing aids, eyeglasses or private nursing.
|COVERAGES||PLAN A||PLAN B|
|PLAN F^||PLAN G||PLAN N^^|
|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|
1Hospital 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.
^This 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.
^^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.
Medicare Supplement Insurance Quote Request
As an independent agency, we offer multiple options at competitive prices.