Our insurance agency is here to help. From requesting a quote for you or your business to servicing your account. We will work to find a package that fits all of your needs. We're your one-stop shop for all things Insurance-related.
As an independent agent, we work with all the major carriers to find a plan that meets your personal or business needs. Give us a call today for your free quote - 732 290-7771
With so many options, choosing the right plan can be confusing. Our staff is here to answer any Medicare questions you may have.
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Lake Resources Inc. is a full service employee benefits broker and consulting firm. We provide a single source for your benefit plan solutions. We proactively engage insurance carriers and service providers to create the most efficient program tailored specifically to meet your needs. Then we help you implement and administer it.
Most employee benefits brokers jump from one transaction to the next for the most part, acting only as a go-between taking quotes handed down from the insurance company.
What is Medicare?
Medicare is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD).
The different parts of Medicare help cover specific services:
Medicare Part A (Hospital Insurance)
Part A covers inpatient hospital stays, care in a skilled nursing facility, hospice care, and some home health care.
Medicare Part B (Medical Insurance)
Part B covers certain doctors' services, outpatient care, medical supplies, and preventive services.
Medicare Part C (Medicare Advantage Plans)
A Medicare Advantage Plan is a type of Medicare health plan offered by a private company that contracts with Medicare to provide you with all your Part A and Part B benefits. Medicare Advantage Plans include Health Maintenance Organizations, Preferred Provider Organizations, Private Fee-for-Service Plans, Special Needs Plans, and Medicare Medical Savings Account Plans. If you're enrolled in a Medicare Advantage Plan, Medicare services are covered through the plan and aren't paid for under Original Medicare. Most Medicare Advantage Plans offer prescription drug coverage.
Medicare Part D (prescription drug coverage)
Part D adds prescription drug coverage to Original Medicare, some Medicare Cost Plans, some Medicare Private-Fee-for-Service Plans, and Medicare Medical Savings Account Plans. These plans are offered by insurance companies and other private companies approved by Medicare. Medicare Advantage Plans may also offer prescription drug coverage that follows the same rules as Medicare Prescription Drug Plans.
Medicare Supplement policies may cover all or or some of your co-insurance and deductibles.