Medicare Insurance Plans

At Lending Hand Insurance, we understand how crucial it is to have the right health insurance coverage as you approach retirement or manage ongoing healthcare needs. Medicare can feel complicated, but with our assistance, you can navigate Medicare enrollment and explore various Medicare Advantage plans. Our role is to help you compare your options and make confident decisions about your healthcare coverage.

Medicare is a federal health insurance coverage program designed for individuals who are 65 and older, as well as for some younger people with qualifying disabilities. It also provides support for those with End-Stage Renal Disease, which involves permanent kidney failure that requires dialysis or a transplant. Additionally, many choose to explore Medicare Advantage plans during their Medicare enrollment periods for expanded benefits.

Inpatient hospital stays, skilled nursing facility care (including short-term rehabilitation, not long-term custodial care), hospice services, and some home health care are key components of health insurance coverage. Most people do not pay a premium for Part A of Medicare if they have worked and paid Medicare taxes for at least 10 years, which is crucial information for those considering Medicare enrollment or looking into Medicare Advantage plans.

Doctor visits, including primary care and specialists, are essential components of health insurance coverage. Outpatient services and procedures play a significant role in comprehensive care, along with preventive care such as annual wellness visits, cancer screenings, and vaccines. Additionally, durable medical equipment, like wheelchairs or walkers, is often covered under Medicare Advantage plans. It's important to note that Part B of Medicare requires a monthly premium based on income, which is a crucial factor to consider during Medicare enrollment.

Medicare Advantage plans are private health insurance coverage options that typically combine Part A, Part B, and often include Part D for prescription drugs. These plans may offer additional benefits such as dental, vision, hearing, and fitness programs. They are provided by Medicare-approved private insurance companies. To join a Medicare Advantage plan, you must still complete Medicare enrollment in both Part A and Part B.

Health insurance coverage can help pay for prescription medications. Medicare Advantage plans vary in cost and in the specific drugs they cover, known as a formulary. These plans are provided by private insurers that are approved by Medicare during the Medicare enrollment period.

Initial Enrollment Period (IEP): This 7-month window marks your first opportunity for Medicare enrollment, typically starting 3 months before your 65th birthday, allowing you to secure essential health insurance coverage.

Annual Enrollment Period (AEP): From October 15 to December 7 each year, you can adjust your health insurance coverage, including switching or modifying your Medicare Advantage plans.

Medicare Advantage Open Enrollment Period (MA-OEP): Occurring from January 1 to March 31, this period allows those already enrolled in Medicare Advantage plans to change their plan or revert to Original Medicare.

Lending Hand Insurance is not connected with or endorsed by the U.S. government or the federal Medicare program. We do not offer every plan available in your area, including all options for health insurance coverage. The information we provide is limited to the Medicare Advantage plans we offer in your area. For complete details on all your options and Medicare enrollment, please contact Medicare.gov or call 1-800-MEDICARE.