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.
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.
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!
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!
Cancer is the second most common disease of death according
to the American Cancer Society, Cancer Facts & figures 2017,
cancer.org. 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!
