Medicare Advantage
Medicare Advantage plans are new health care options that are part of the Medicare program. Coverage may include Medicare Part D prescription drug coverage as well as hospital, doctor, skilled nursing, and other medical services.
Personalized Insurance Plans for Every Need
We recognize that your needs and situation are unique. We spend the time to get to know you to make sure that you get coverage and support that fits your lifestyle.
Medicare Supplement
A Medicare Supplement (Medigap) insurance, sold by private companies, can help pay some of the health care costs that Original Medicare doesn't cover, like copayments, coinsurance, and deductibles.
Medicare Part D
Medicare Part D is the federal government's prescription drug program that covers both brand-name and generic prescription drugs at participating pharmacies in your area.
Individual Health Insurance
No one plans to get sick or hurt, but most people need medical care at some point. Health insurance covers these costs and protects you from very high expenses.
Life Insurance
Life insurance coverage can be relatively easy to comparison shop. It simply covers you in the event that you die before the end of the term for which you are covered.
Dental Insurance
Proper dental care can be an important component of our well being. Dental coverage of some kind can help you ensure the health of your teeth and gums.
ABOUT SILVERTHORN INSURANCE GROUP
Your Trusted Insurance Professionals:
At Silverthorn Insurance Group, integrity, respect, and commitment to our customers form the cornerstone of our business philosophy. Our mission is to deliver peace of mind through expert guidance, reliable service, and a steadfast promise to always prioritize your best interests. With a focus on transparency and trust, we strive to build lasting relationships with our clients based on mutual respect and integrity. Discover the Silverthorn difference and experience insurance with a personal touch.
STILL HAVE QUESTIONS? WE CAN HELP
Our FAQ's:
Do I need to enroll into Medicare when I turn 65?
- Some people may delay enrolling in Medicare without facing penalties if they have health coverage through an employer or union. This is typically referred to as having creditable coverage.
- If you delay enrollment, you will need to enroll during a Special Enrollment Period (SEP) when your employer or union coverage ends.
- If you do not enroll in Medicare Part B during your Initial Enrollment Period and do not have other creditable health coverage, you may have to pay a late enrollment penalty. This penalty results in a higher premium for as long as you have Medicare Part B.
To ensure you have Medicare coverage when you turn 65 and to avoid potential penalties, it's important to understand your enrollment options and deadlines.
Will I automatically be enrolled in Medicare when I turn 65?
If you are already receiving Social Security retirement benefits or Railroad Retirement Board benefits when you turn 65, you will be automatically enrolled in Medicare Parts A (hospital insurance) and B (medical insurance) starting the first day of the month you turn 65.
If you are not receiving Social Security benefits when you turn 65 (for example, because you are still working), you will not be automatically enrolled. You will need to manually enroll in Medicare during your Initial Enrollment Period (IEP). This is a seven-month period that begins three months before the month you turn 65, the month you turn 65 and ends three months after the month you turn 65. It's during this period that you can sign up for Medicare if you're not automatically enrolled.
How is my Medicare Part B premium determined?
The Medicare Part B premium is determined based on your modified adjusted gross income from two years ago. The process involves both a standard premium amount and an income-related adjustment for higher-income beneficiaries:
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Standard Premium: The standard Medicare Part B premium is set annually by the Centers for Medicare & Medicaid Services (CMS). This amount can vary from year to year and is typically announced in the fall for the following calendar year. For example, the standard Part B premium for 2024 is set at a certain amount.
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Income-Related Monthly Adjustment Amount (IRMAA): If your modified adjusted gross income (MAGI) from two years ago exceeds a certain threshold, you may have to pay an Income-Related Monthly Adjustment Amount (IRMAA) in addition to the standard Part B premium. The threshold amounts for IRMAA are based on your filing status (single, married filing jointly, etc.) and are adjusted annually and can be found here:
HAVE A QUESTION?