Health Insurance New rules by the Department of Health and Human Services would give $3.8 billion in low-interest loans to consumer-controlled health plans. HHS hopes that these consumer run plans (or “co-ops”) would concentrate on improving care and would bring … Continue reading →
Financial and Estate Planning: Featured News From The Last Quarter – Summer 2011
Financial and Estate Planning Lucky fan Christian Lopez “gave” the $250,000 baseball he caught from Derek Jeter’s 3,000th hit back to Jeter. But he will most likely not face any gift tax implications. A 1998 IRS statement (issued during the … Continue reading →
A Video For Elder Abuse Awareness Day
In honor of Elder Abuse Awareness Day, consider watching or sharing this 16 minute video entitled An Age For Justice: Confronting Elder Abuse in America created by the National Council on Aging and WITNESS in conjunction with the Elder Justice Coalition. … Continue reading →
Medicare: The Best Birthday Present
My father turned 65 over the weekend and I helped him get the best present – Medicare. Why the best present? He is no longer dependent on an employer for health coverage. He is free to be entrepreneurial, work multiple jobs, … Continue reading →
What You Should Know About Social Security Electronic Payments
Social Security has gone electronic. Effective May 1st, new Federal benefit applicants must choose one of the two electronic payment options: direct deposit or prepaid cards (preferably the Direct Express® Debit MasterCard® card). Most all current beneficiaries that receive paper checks must switch … Continue reading →
Corrected Entry: AARP Does Have A Business Interest In Keeping Original Medicare
5/13: Yesterday I briefly posted an entry I wrote on AARP and Medicare. In the original post, I incorrectly stated that AARP does not use its name to sell Medicare Advantage plans. While there are no AARP branded plans in … Continue reading →
An Easy Way To Protect An Elder From Financial Exploitation – Freeze His Or Her Credit Report
Did you know that you can “freeze” your credit reports? By freezing your credit reports, credit card companies and other creditors cannot access your credit report. If they cannot access your credit report, they are unlikely to open a new … Continue reading →
Republican Medicare Proposal Differs From The Federal Employee Plan
Republicans supporting the “Ryan” Medicare plan (i.e., giving individuals vouchers to buy private insurance) claim that it will work similar to the health insurance that federal employees receive. But as the N.Y. Times reported, there is a key distinction. Under … Continue reading →
