Medicare
Medicare Supplement Policies & Advantage Plans
Medicare Supplement Plans & Medigap Policies | Erie, PA
Medicare Supplement Insurance, also known as Medigap, is a term for policies that help fill “gaps” in the Original Medicare plan. While Original Medicare covers many health care services and supplies, a Medigap policy can help pay any remaining costs, including copayments, coinsurance, and deductibles. In fact, some Medigap policies even cover services that Original Medicare does not, such as medical care when traveling outside of the U.S.
It is important to note that in order to qualify for a Medigap policy, you must already have Medicare Part A and Part B, and you will be paying a monthly premium in addition to your current Part B premium. Medigap policies are not compatible with Medicare Advantage Plans unless you are switching back to Original Medicare.
Medicare Advantage Plans | HMO, PPO, SNP, & More
A Medicare Advantage Plan is an alternative type of Medicare plan that contracts with Medicare to provide all Part A and Part B benefits. Most Medicare Advantage Plans also offer some form of prescription drug and Medicare service coverage. The most common types of Medicare Advantage Plans (not including HMO Point of Service or Medicare Medical Savings Account Plan) include:
- Health Maintenance Organization (HMO) Plans
- Preferred Provider Organization (PPO) Plans
- Private Fee-for-Service (PFFS) Plans
- Special Needs Plans (SNPs)
Prescription Drug Plans for Those Who Qualify
In order to obtain prescription coverage with an Original Medicare plan, you’ll need to purchase a pharmacy plan, also known as a Medicare Part D plan. While every Medicare Part D plan must at least offer a standard level of coverage set by Medicare, the actual prescription drugs they cover can vary and are determined by the “tiers” these drugs are separated by on each plan’s formulary. Understanding what prescriptions Medicare does or does not cover can be confusing, but at Calvert Pearson, we excel at navigating these plans for our clients. We can help you find and customize the best pharmacy plan for your current prescriptions.
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Calvert Pearson Insurance group has been extremely helpful and their customer service is wonderful! Anytime I have had questions or concerns regarding my policy they are answered immediately! Their employees has always been friendly and very prompt with anything I need! Great company!
Calvert Pearson Insurance has always been extremely helpful with my insurance needs. They are more than willing to answer my questions as well as provide excellent customer service!
I’ve worked with the Calvert Pearson group for many years! They have always been friendly, and have always offered great advice!
I was in a small fender bender, and not only did they call me back to see how I was doing, but had started the claims process with Travelers within an hour. It’s times like these that I’m thankful to have great insurance!