The Hatcher Agency August Newsletter

Your Hatcher Agency Newsletter updates for August include:  Medicare and End-State Renal Disease update IRS Expands Preventive Care for HDHPs to Include Chronic Conditions Final Regulations Expand Options for HRA's Invitation to join us at the Arkansas Travelers game Affordability Percentages will Decrease for 2020

Can you enroll in Medicare if you have ESRD? If you are diagnosed with ESRD and have any of the following services, then you qualify for Medicare. It doesn’t matter your age: Kidney Transplant Immunosuppressant drugs following a transplant Dialysis/ Inpatient or outpatient in a Medicare-certified hospital or dialysis facility Home Dialysis training and Equipment

If you have employer coverage when diagnosed, you do not have to immediately enroll in Medicare , but you will have to enroll within a 30 month period, even if you have employer coverage. If you do not enroll in Medicare within 30 months, then your insurance carrier will only pay as secondary, because they are assuming that you signed up for Medicare to pay as primary. Link to Additional Resource

IRS Expands Preventive Care for HDHPs to Include Chronic Conditions The IRS recently added care for a range of chronic conditions to the list of preventive care benefits that may be provided by an HSA-compatible high deductible health plan (HDHP) without a deductible. This Compliance Bulletin summarizes this new guidance. click to read additional resource Final Regulations Expand Options for HRA's On June 13, 2019, a final rule was issued that expands the usability of HRAs. Click on the video which will provide an overview of key changes included in the final rule.

On Wednesday, August 7th we are inviting our clients to join us for a ball game. The Hatcher Agency is hosting a night out with the Travelers. This is just an event to show our appreciation for you and spend some time away from the office. The invitation is available to view below. You must RSVP with Kristy at kristy@hatcheragency.com Click to view the invite

Affordability Percentages will Decrease for 2020 On July 23, 2019, the IRS issued Revenue Procedure 2019-29 to index the contribution percentages in 2020 for determining affordability of an employer’s plan under the Affordable Care Act (ACA). Click to read additional resource

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