Medicare in Medina, OH, Brunswick, OH, Fairlawn, Litchfield, OH, Strongsville, Hinckley, OH and Nearby Cities

Things to Know About Medicare Plans 

Medicare is a federal health insurance program primarily for individuals aged 65 and older, as well as certain younger people with disabilities. Homestead Insurance Agency provides the same in Medina, OH, Brunswick, OH, Fairlawn, Litchfield, OH, Strongsville, Hinckley, OH and surrounding areas. 

Understanding Medicare plans can help you make informed decisions about coverage, costs, and benefits. 

1. The Four Parts of Medicare

Part A (Hospital Insurance): Covers inpatient hospital stays, skilled nursing facility care, hospice, and some home health services. 

Part B (Medical Insurance): Covers outpatient care, doctor visits, preventive services, and some medical supplies. 

Part C (Medicare Advantage): Offered by private insurers, these plans bundle Parts A and B (and often Part D) with additional benefits like dental, vision, and hearing coverage. 

Part D (Prescription Drug Coverage): Helps cover the cost of prescription medications and is available through private insurers. 

2. Enrollment Periods

Initial Enrollment Period (IEP): Begins three months before turning 65 and lasts for seven months. 

General Enrollment Period: January 1 – March 31 for those who missed their IEP. 

Annual Open Enrollment (Oct. 15 – Dec. 7): Allows beneficiaries to switch plans or add coverage. 

Medicare Advantage Open Enrollment (Jan. 1 – March 31): Allows changes to Medicare Advantage plans. 

3. Costs and Coverage Vary

Part A is usually free for those who paid Medicare taxes for at least 10 years. 

Part B, C, and D require premiums, deductibles, and copayments. 

Medicare does not cover everything—dental, vision, and long-term care may require supplemental insurance. 

4. Medigap (Supplemental Insurance)

Medigap plans, sold by private insurers, help cover out-of-pocket costs like deductibles and copayments not covered by Original Medicare. 

5. Choosing the Right Plan

Compare coverage, costs, provider networks, and drug formularies to select the best plan for your needs. Reviewing your plan annually ensures you have the right coverage. 

If you need assistance, contact us.