Changes Medicare Beneficiaries May See First Under the New Administration

On January 19, 2021, the Centers for Medicaid and Medicaid Services (CMS) issued a final rule addressing Medicare Part C – Medicare Advantage Plans and Part D Prescription Programs. The rule is far-reaching, but I want to touch on some of the provisions particularly relevant to consumer education and access. Medicare Advantage Plans and Prescription…

How Isolation and COVID Make Seniors More Vulnerable to Fraud and Exploitation

We have long known that seniors are more vulnerable to financial abuse. The COVID pandemic has only amplified this problem due to the increased social isolation and stress it has wrought. Perpetrators look for opportunities when their victims are most vulnerable. The death or incapacity of a spouse, health challenges, diminished capacity, and social isolation…

Do You or Your Parents Have “One Foot on the Banana Peel?”

It had been over a year since our geriatric social worker, Lori, and I first met with and wrote about our client Jane, who came to see us because she was concerned about her parents. Since that time there have been many more Janes, all facing similar challenges.» Read More The post Do You or…

What Do We Do With the Stimulus Check for a Parent on Medicaid?

For most of us, the prospect of $600 (or perhaps even $2,000) appearing in our bank account is a welcome gift. However, if our loved one is on Medicaid it can fill us with concern. How can this money be used? Will it result in our parent losing benefits? Should I just give the money…

Social Security News: Stimulus and COLA

If you receive Social Security or SSI, you likely have already noticed that your check is slightly larger this year. The Social Security Administration has provided a 1.3% cost-of-living adjustment (COLA) for benefit payments. This brings the federal SSI payment to $794.» Read More The post Social Security News: Stimulus and COLA appeared first on…

What Guardians Should Know About COVID and the COVID-19 Vaccine

Should I Consent to My Ward/Loved One Getting Vaccinated? Remember that you are obligated to consult your ward and apply the substituted judgment standard; that means making the decision based on their previously expressed wishes and values, not what you or their physician thinks is best for them.» Read More The post What Guardians Should…

ALS Disability Insurance Access Act Eliminates Waiting Period for Social Security Disability Benefits

In the final days of 2020, the President signed the ALS Disability Insurance Access Act. This new law eliminates the five-month waiting period for individuals with Amyotrophic Lateral Sclerosis (ALS) before they can receive Social Security Disability benefits. Many people do not know that if you become disabled and can no longer work, you must…

Will the COVID-19 Vaccine Bring Reform To Long-Term Care Facilities?

In recent days, The New York Times has devoted several articles to the long-term care industry and its failure in the pandemic. (See “This Is Why Nursing Homes Failed So Badly,” “Nursing Home Patients Are Dying of Loneliness,” and “Push for Profits Left Nursing Homes Struggling to Provide Care.”) One writer opined that after COVID…

New FINRA Rule Aimed at Preventing Financial Advisors’ Exploitation of Senior Clients

Recently, the Financial Industry Regulatory Authority (FINRA) issued a new regulation to protect investors from unscrupulous financial advisors and brokers. Rule 3241 limits the ability of a broker-dealer to be named as a beneficiary, executor, trustee, or power of attorney for one of their customers.» Read More The post New FINRA Rule Aimed at Preventing…

Next Surge of COVID-19 Impact on New Jersey Long-Term Care Facilities

As COVID cases surge again, many clients have expressed concerns about loved ones requiring long-term care. Families are naturally hesitant to consider facility placement. Facilities are definitely better prepared now than in the spring, and most have so far been able to keep cases under control. Many systemic problems remain, but two recently-passed bills are…

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