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 one of our complimentary seminars

Virtual Event | March 24th | 11am

This event will be held via Zoom. Instructions on how to log on to this virtual Zoom event will be sent via email. Click here to learn more about Zoom. Click here to register for this event.

Brownsburg Office | April 27th | 5pm

This event will be held at the Storen Financial Brownsburg Office located at 660 Patrick Place, Brownsburg, IN 46112. Click here to register for this event.

Zionsville Office | April 29th | 5pm

This event will be held at the Storen Financial Zionsville Office located at 1120 W Oak St, Suite 200, Zionsville 46077. Click here to register for this event.

Medicare Supplement Insurance

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.

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.

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.

Contact us with any questions you have or to set up a time for your free consultation.

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.

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Contact us with any questions you might have!

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