Medicare Advantage (network-based plans) and Medicare Prescription Plans – Keeping Up With Annual Changes

Every year Medicare Advantage (network-based plans) and Medicare Prescription plans change.  Now they can change everything from the premium, to the network, and the copays.  Its so important to make sure that you are looking to see each calendar year what the best benefit for you will be.

Here at Hafetz and Associates we are able to help compare multiple plans to help you end up with coverage that is the best fit for your needs. Each year may bring new medications or a new diagnosis and its important to change your plan each year to help cover those changes.


IRS Confirms ACA Pay or Play Penalties Still Apply

The IRS Office of Chief Counsel recently released an information letter regarding the employer shared responsibility (pay or play) penalties under the ACA. This information letter confirms that the pay or play penalties continue to apply for ALEs that fail to offer acceptable health coverage to their full-time employees (and dependents). This ACA Compliance Bulletin provides an overview of the IRS information letter.

Read the details here.


Tag(s):  ACA Compliance1

Hafetz Day Out At Trenton Thunder

The Hafetz and Associates team enjoyed a day of Team Building at the Trenton Thunder baseball game in July! Team building activities enhance camaraderie, dedication and enthusiasm in our workplace – and our performance as your dedicated service providers!

Trenton Thunder,



Medicare Supplements/Medigap Plan Changes Coming in 2020

There are some big changes coming up in January 2020 that will be affecting Medicare Supplements/Medigap plans.  With all the information going around here are the facts.

Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) is changing the coverage on the Part B deductible to ‘newly eligible’ Medicare beneficiaries on or after January 1, 2020.   Plans F, High Deductible F and C will be leaving the market for anyone getting Medicare Part A on or after January 1, 2020.  If you currently have these plans you can keep them and there will be no change to their benefits.  If you have Medicare Part A effective date prior to January 1, 2020 you will still have the option to switch into these plans if you wish, they will still be available for purchase.  But anyone that gets Medicare Part A on or after January1, 2020 will not have the option to enroll in these plans.

Reach out to Hafetz and Associates to answer all your questions about MACRA and what plans are available to you!

Tag(s):  medicare1

Cancer Insurance – Choose Peace of Mind

Cancer is the second most common disease of death according to the American Cancer Society, Cancer Facts & figures 2017,  Although survivor rates are increasing among those 65 and older!

What can you do to assure that once you beat this disease that you don’t become medically bankrupt? There is now cancer insurance that you can choose the benefit amount from $5,000 to $75,000 to be paid out to you if you are diagnosed with cancer; they even have insurance for a recurrence benefit as well.

You can use this money to help pay the medical bills, pay the high cost of oral cancer medication, travel costs, pay a family member to help you get to these visits and treatments, or go on a big family vacation!  You get to choose how to spend it.

Reach out to Hafetz and Associates to answer all your questions about Cancer Insurance and what policy might be a best fit for you!


Tag(s):  cancer-insurance1

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