Tracy Formea founded Formea Insurance Group, Inc., Inc. in 2003. As an independent insurance agency located in Chatham, Illinois, Formea Insurance Group, Inc., Inc. offers numerous high rated insurance carriers to each client.

Being independent means we are not obligated to any one company, just our client! This gives us the ability to find the best insurance coverage to fit their needs at the most affordable rate! Our companies offer insurance for your home, auto, business, rental property, motorcycle, RV, boat, ATV, mobile home, classic cars, special events and more!

Medicare Supplement vs. Medicare Advantage: What’s the Difference?

Posted: September 21, 2021

Applying for Medicare once you reach retirement age sounds simple enough. But just because you’re covered under the federal health insurance program doesn’t mean you won’t be faced with out-of-pocket costs. With Original Medicare (Parts A and B), you’ll receive coverage for health-related expenses like hospital care, doctor visits, medical procedures and equipment. Like a traditional health insurance policy, Medicare pays its share of the...

Is a Medicare Supplement Insurance Plan Worth It?

Posted: September 20, 2021

When you sign up for Medicare Parts A and B, you also have the option to apply for a Medicare Supplement insurance plan. 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. But is this coverage really necessary? And more importantly — is it worth it? WHY CHOOSE...

15 Common Questions About Life Insurance

Posted: September 16, 2021

How much life insurance do I need, anyway? A number of factors – including your age, debts, monthly expenses and number of children – can influence how much life insurance you may need to comfortably plan for your future. A local insurance professional like an ERIE agent can give you a free quote based on your unique needs. As a general rule of thumb, the experts...

Formea Insurance Group, Inc. specializes in auto, home, business, and life insurance.

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Recent News & Updates

Medicare Supplement vs. Medicare Advantage: What’s the Difference?

Is a Medicare Supplement Insurance Plan Worth It?

15 Common Questions About Life Insurance

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