Farm and Ranch Insurance Services

03/24/2022

Your Out-of-pocket maximum/limit
Is the most you have to pay for covered services in a plan year. After you spend this amount on deductibles, copayments, and coinsurance for in-network care and services, your health plan pays 100% of the costs of covered benefits.

03/16/2022

2022 Changes to Popular Tax Deductions

For 2021 returns, the standard deduction is $12,550 for single filers and $25,100 for joint filers. Consider these key TCJA provisions that may affect your filing outlook.

03/09/2022

Are Your Parents Paying Their Medicare Premiums?

When parents fail to pay their Medicare premiums, everyone suffers.

03/02/2022

What is Medigap Attained-Age Rating?
Attained-Age Rating is a rating class in which a Medigap insurance company determined the rate based on your current age (the age you’ve “attained”). Your premiums tends to go up as you get older.

02/23/2022

How is a Cancer Plan different from a traditional medical plan?
Medical insurance reimburses the insured, or provider, for covered and approved medical services, procedures, equipment, and prescription drugs. The Cancer Plan pays an immediate one-time, lump-sum payment directly to the insured upon initial diagnosis of covered cancer. The cancer insurance policy benefit can be used for any purpose you choose.

02/16/2022

Success isn't measured by money or power or social rank. Success is measured by your discipline and inner peace. Mike Ditka

02/09/2022

TRUE or FALSE?
Once you take Medicare you must also take Social Security.
False! You can delay Social Security beyond 65 to maximize your benefit. If you do this, there are other ways to pay for your Medicare premiums until you take Social Security.

02/02/2022

There are four types of Social Security benefits: Retirement benefits, Survivor benefits, Supplemental benefits, and Disability benefits.

01/26/2022

Fast Fact: Medicare Advantage plans are NOT similar to Medigap plans – they are different. Members get their benefits from a private insurance company instead of original Medicare.

01/19/2022

Quick Tip: Generic Drugs are a prescription drug that has the same active-ingredient formula as a brand-name drug. Generic drugs usually cost less than brand-name drugs. The Food and Drug Administration (FDA) rates these drugs to be as safe and effective as brand-name drugs.

01/12/2022

Your Medicare card is proof of your Medicare insurance. If your Medicare card was lost, stolen, or destroyed, you can request a replacement with your personal my Social Security account.

01/05/2022

The general rule for workers at companies with at least 20 employees is that you can delay signing up for Medicare until you lose your group insurance (i.e., you retire).