Medicare

Our goal is to help individuals coming on to Medicare understand what options they have, as well as help those already on Medicare understand how their benefits work.

Confused by Medicare? Join us for one of these complimentary seminars.

Join us for one of our educational events where Ruth Hoffman, Storen’s Medicare Benefits Specialist, walks you through the Medicare process and addresses questions you might have about this health insurance option. This informational event is intended to help individuals coming on to Medicare understand what options they have, as well as help those already on Medicare understand how their benefits work. RSVP today!

Get answers to these top questions and much more:

  • What is Medicare?
  • Do I need Medicare if I have an employer sponsored plan in place due to employment?
  • When can you enroll in Original Medicare?
  • How to enroll in Medicare?
  • What plan best fits you?

Presented by Ruth Hoffman – Medicare Benefits Specialist

Ruth has over 15 years Medicare experience and has been working with healthcare insurance clients 65 and over since 2006. Ruth is certified to sell Part D, Medicare Supplement and Advantage Plans and is licensed in Life & Health as well as P & C. Click here to learn more about Ruth.

Register for a complimentary seminar

Online via Zoom | February 22nd | 11am

This event will be held online via Zoom. Click here for details and to RSVP for this event.

Medicare Advisory Services

Our goal is to help individuals coming on to Medicare understand what options they have, as well as help those already on Medicare understand how their benefits work. Ruth Hoffman, Storen’s Medicare Benefits Specialist with over 15 years Medicare experience, will work with you one-on-one to help you navigate the Medicare puzzle. Learn more about Ruth here.

Medicare beneficiaries in Indiana have Medicare options beyond Original Medicare Part A and Part B. You can receive your coverage through Original Medicare (with or without a Medicare Supplement plan offered by a private insurer), or through an alternative means, by enrolling in a Medicare Advantage plan, offered by a Medicare-approved private insurance company. You can also enroll in a Medicare plan offered by a private insurance company contracted with Medicare to provide prescription drug coverage.

No Cost Medicare Consultation

  • Evaluate how you are currently utilizing healthcare services.
  • Review medications being prescribed to determine which prescription plan will best meet your needs.
  • Explain what healthcare options are available to the Medicare beneficiary based on needs.
  • Explain what financial responsibility may be based on your final healthcare plan selection.

Schedule a 1-on-1 Consultation

To schedule a no cost Medicare consultation, please complete the form below. Ruth Hoffman will reach out to you to schedule a convenient time to meet.

2 + 14 =

How can we help?

At Storen Financial, we offer so much more than tax preparation and accounting services. We go beyond the numbers to provide our clients with financial planning, in-depth consulting, and year-round support. Looking for more info? Click below to learn more.

Frequently Asked Questions

How do I track my refund?

NEW! IRS2Go is the official mobile app of the IRS. Click here to learn more and as always, feel free to contact us with any questions you have.

Is there an age where Social Security is not taxed?

No, federal taxation of SS benefits is based on income level and not age. Anywhere from 0% to 85% of the SS benefit can be taxable based on how much other income a taxpayer is reporting. Note, Indiana does not tax anyone’s social security benefits. Click here to see more FAQs.

How are Indiana State and Local taxes calculated?

For new residents of Indiana, there is a learning curve on understanding State & Local taxes. Indiana has a flat rate for the State of 3.23%. So if you have $10,000 or $1,000,000 of taxable income, you are taxed at the same rate. In addition to this, each individual pays a county tax and each County can set their own tax rate. County rates range from .35% for Jefferson to 3.38% for Pulaski. There are a few exceptions to the rule, but an Indiana taxpayer is subject to County taxes based on where they lived on January 1st of the tax year. Click here to see more FAQs.

How much retirement income is taxed in Indiana?

Like a lot of other States, Indiana does not tax Social Security Benefits. Also, Indiana gives a full or partial deduction for pensions that originate from Railroad Retirement Board, Office of Personnel Management and Defense Finance and Accounting Service (Military Retirement). If one is not lucky enough to be receiving retirement from one of the listed entities, then your retirement income will be fully taxable to State and County. To keep from owing to Indiana on your Tax Return, please ask the Administrator if they will withhold State taxes on the benefits. If they do, then as a rule of thumb, we tell clients that 5% withholding will cover most taxpayers in the state. This covers both State and County rates. If someone knows that they live in a county with a rate greater than 1.7%, then take the percentage up to have withheld 6% or 7%. If the Administrator will not withhold State taxes, then Quarterly Estimates may need to be sent in. Like the Federal, Indiana can charge an Underpayment Penalty if more than $1,000 is owed at the end of the year.Click here to see more FAQs.

What do I bring to my tax appointment?

Get the full list of the items you need here in this checklist.

The Latest News from Storen

Tax Season How-to: What to Provide

Information Required to Produce Your Tax Return *All forms needed to produce your tax return should be issued or available to you prior to January 31st. If filing jointly, please provide forms and information for both the primary taxpayer and spouse. Below is...

read more

Story: Tech Intern Shares His Internship Experience

Our 2021 fall intern recaps his Storen Financial experience Each year Storen Financial hosts multiple interns in many different roles within our organization. Bryce joined our team for the fall of 2021. Here's his story... Bryce Miller IUPUI – Biomedical Informatics...

read more

IRS in the news, refund delays and other issues

National Taxpayer Advocate delivers Annual Report to Congress; focuses on taxpayer impact of processing and refund delays "National Taxpayer Advocate Erin M. Collins today released her 2021 Annual Report to Congress, calling calendar year 2021 "the most challenging...

read more

Contact us with any questions you might have!

12 + 9 =