Navigating the Elder Care Universe
COVID-19 Hospital Charges NYT Article
Covid Killed His Father. Then Came $1 Million in Medical Bills.
Insurers and Congress wrote rules to protect coronavirus patients, but the bills came anyway, leaving some mired in debt. Irena Schulz, who became ill with the coronavirus last summer, has eschewed trips to the emergency room when feeling ill because she worries about the costs. Credit…
Thousands of patients being sued for medical bills……
‘It’s been heart-sickening:’ A major US hospital chain has sued thousands of patients in the last year
One of America’s largest hospital chains, Community Health Systems, has filed at least 19,000 lawsuits against patients in the last year, a CNN investigation finds.
The $1.4 trillion spending package enacted on December 20, 2019, included the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which had overwhelmingly passed the House of Representatives in the spring of 2019, but then subsequently stalled in the Senate. The SECURE Act represents the most sweeping set of changes to retirement legislation in more than a decade.
While many of the provisions offer enhanced opportunities for individuals and small business owners, there is one notable drawback for investors with significant assets in traditional IRAs and retirement plans. These individuals will likely want to revisit their estate-planning strategies to prevent their heirs from potentially facing unexpectedly high tax bills.
All provisions take effect on or after January 1, 2020, unless otherwise noted.
Access our full analysis HERE
Perry A. Shulman, CPA, MBA, CFP, TEP
p.shulman@pascpa.com
phone (516)593-8080
Nursing homes have been terminating Medicare coverage of those that do not show improvement in health. My Elder shares what you need to know. Read more…
In an article from Sunday’s New York Times Opinion Section (12/8/19), the reporter discusses how his very patriotic 88 year old grandmother was defrauded and lost her life savings. She believed that she was helping the government stop a multi-million dollar international money laundering scheme.
We all have to be vigilant in protecting our family and clients’ assets from all sorts of scams.
https://www.nytimes.com/2019/12/07/opinion/sunday/china-bank-scam-grandmother.html
Thank you to all who attended last Wednesday’s Orion NYC Elder Care meeting on Financial Abuse.
Perry A. Shulman, CPA
Chairman, Orion Eliminate Elder Abuse and Neglect Commitment Committee
