Just last month the President signed into law the brand new Setting Every Community Up for Retirement Enhancement Act of 2019 as part of the year end Further Consolidated Appropriations Act. Why should you care? Because the SECURE Act makes major changes to retirement accounts. Tax qualified retirement accounts like IRAs, 401(k) plans, profit […]
Supplemental Security Income (SSI), Medicaid, subsidized housing, and some other disabilities programs limit benefits to people with minimal assets (also called resources) and income. However, because disability benefits tend to afford only a bare bones lifestyle, families often want additional funds to be available to supplement disability aid. Unfortunately retaining ownership or access to money […]
Medicare is a federal government program to provide health care for most people who are age 65 or older, totally and permanently disabled so that they can’t work, or have ALS (Lou Gehrig’s Disease) or end stage renal failure. While Medicare can provide broad coverage for doctor and other health professional fees, surgeries, medicines, therapies, […]
Medicare secondary payer law (42 U.S.C. §1395y(b) et seq,) provides that Medicare shall not fund care for which another entity or person is liable such as injuries due to auto accident, negligence, or work place mishap. Where a potentially responsible party (PRP) denies liability, Medicare may make conditional payments for medical care. However, Medicare secondary […]
Hey folks! Some light summer reading for you this late August. General Electric (GE) has been in the news lately. Harry Markpolis, a financial type who sounded early warnings on the Bernie Madoff Ponzi scheme, released a report claiming that GE is in much greater financial trouble than its accounting statements have let on. GE […]
