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Healthcare Costs

Flint Meadow Financial is an insurance brokerage firm with licensed producers and consultants.  

As brokers, we are not tied to a specific carrier and can recommend a plan from amongst the many options.  Use us to get the best coverage and to make sure it stays competitive over time.

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Individual health insurance

Health Savings Accounts
PLANS

Medicare
Insurance

Long Term Care Insurance

Individual Health Insurance

Marketplace plans and the subsidies associated with them involve a fair amount of income planning.  Taking large IRA / 401k distributions or taking Pension bonuses can all dramatically affect the premium for your marketplace plan.
Please contact us to get a quote and talk about available subsidies.

Please Contact Us For More Info On Individual Healthcare

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Health Savings Accounts Plans

Health Savings Accounts are similar to individual retirement accounts. Both employers and individuals can contribute pre-tax dollars for eligible individuals and distributions are tax-exempt provided they are used for qualifying medical expenses.

Additionally, Health Savings Accounts do not have to be spent in the current calendar year, so the balance can be carried over indefinitely.

Money in an Health Savings Account can be invested in stocks, bonds, mutual funds, certificates of deposit and other similar investments. What’s more, to offset the cost of healthcare in retirement, Health Savings Accounts offer a triple tax benefit:

  • Funds can be deposited pre-tax
  • An Health Savings Accounts growth is tax-free
  • Distributions are tax-free as long as they are used for qualifying medical expenses

Contributions for 2021 may be made up to $3,600 for self-only coverage and $7,200 for family coverage. If you are age 55 or older, you can contribute an additional $1,000 to an Health Savings Account. You may also fund an Health Savings Account through a one-time, tax-free rollover from a traditional or Roth IRA.

There are many intricate options like coordination with Medicare, excess contributions and transfers through death or divorce, so it is wise to seek the advice of your trusted financial advisor to help you determine the best options for your personal situation.

Why Should I Start Using a Health Savings Account



Long Term Care Insurance

Unlike traditional health insurance, long-term care insurance is designed to cover long-term services and supports, including personal and custodial care in a variety of settings...

Today, almost 70% of people turning age 65 can expect to use some form of long-term care during their lives. ¹

To get a Medicare plan, either an Advantage or Supplemental plan, you must have Medicare Part A and Part B. If you're age 65 and receive Social Security retirement income benefits, you're usually automatically enrolled for Part A and Part B. Medicare supplement plans (or Medigap plans) may offer benefits in addition to the benefits offered by traditional Medicare Parts A and B. There are different types of Medicare supplement plans which cover the Medicare deductibles or require you to cover the deductibles. Medicare supplement plans and Medicare Advantage plans are not complementary, so it is important for you and our skilled agent to understand which type of policy makes the most sense for you.

Enrolling in a Medicare Advantage Plan or a Medicare Supplement Plan is easy. Call us at 801-675-4425 or fill out our contact form to get a complimentary, no-obligation Medicare Supplement or Medicare Advantage quote and consultation.

¹ US Department of Health and Human Services: LongTermCare.gov

Medicare Insurance

Are you trying to decide about your Medicare health plan option? 

Do you need a Medicare Supplement or a Medicare Advantage plan? What is Medicare Part D? Do you need Medicare Part B if you're covered by an employer's group plan?

Unlike traditional health insurance, long-term care insurance is designed to cover long-term services and supports, including personal and custodial care in a variety of settings such as your home, a community organization, or other facility.

Long-term care insurance policies reimburse policyholders a daily amount (up to a pre-selected limit) for services to assist them with activities of daily living such as bathing, dressing, or eating. Long-Term Care Insurance is critical in your planning if you want to protect your assets from being depleted due to long-term health care costs. If you don’t personally know someone to whom this happened, chances are you’ve heard the stories; people whose health deteriorated or their age made them less capable of caring for themselves, who spent the bulk of their life savings or even went into great debt to get the long-term care they needed.

With the vast majority of health insurance plans available today, a great deal of the treatments and care that a person in such a situation would require aren’t covered.

Flint Meadow Financial helps our clients compare and explore long-term care insurance options in a simple and easy process. So, instead of leaving your decision to chance, let us provide you with long-term care coverage options and help you throughout your long-term care insurance decision-making process.

The more money you make, the higher your Medicare Part B and D premiums will be. But there are options to offset these costs. Some things to consider when selecting the right plan:

  • The “original Medicare” plan consisting of parts A and B do not cover deductibles, copays, coinsurance, most dental care, most prescriptions, routine eye and hearing exams, fitness programs or service outside of the United States.
  • Distributions from HSA accounts, Roth IRA accounts, cash value life insurance policies and income from reverse mortgages don’t count in the formula that determines your Part B premiums.

Not approved by, endorsed by, or affiliated with the U.S. Government or any governmental agency.


Health Insurance For Under 65 Retirees


Get Help Finding the Right Health Insurance Plan for You

Helping people make an educated and empowered decision about their Health insurance is one of the biggest factors, if not the biggest, in determining when someone under 65 can retire


Are you looking to retire but health insurance is holding you or your spouse back? Helping people make an educated and empowered decision about their health plan options is what we do! For over 12 years, it has been our mission to connect our clients with the appropriate provider and value to fit within their budget. We are well-versed in marketplace plans and how to qualify for income subsidies.  Request a quote today or Call us… it’s the first step towards a secure retirement plan.


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There are four parts to Medicare


Part A

=

Hospital Insurance (Inpatient Hospital or Skilled Nursing Facility Care, some Home Health Care, & Hospice Care)

Part B

=

Medical Insurance (Doctor Visits & Other Health Care Providers, Outpatient Care, Home Health Care, Durable Medical Equipment, & some Preventative Services)

Part C

=

Medicare Advantage (Private Insurance Company Coverage, approved by Medicare, includes all benefits and services under Part A & B and may include Part D & other extra benefits and services)

Part D

=

Prescription Drug Coverage