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Volume 2 - Issue 5

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In this Issue:

How to Choose a Nursing Home
Health Care Reform 101
Census Saftey Advice
Fraud Watch
The Savvy Senior
A Memorial for Memorial Day
Newsbytes
Legacy Spotlight
Crossword Puzzle/Sodoku!

How to Choose a Nursing Home

Information Courtesy of Medicare.gov

The Medicare website’s Nursing Homes section provides a comprehensive, step-by-step look at how to choose a nursing home for yourself or a loved one. We’ve taken some of the most pertinent information and boiled it down to give our readers the vital facts needed to go about this daunting process.

Step 1:  Comparison Shopping
Use the tool on Medicare.gov to locate nursing homes in your area (or check your local phone book for listings).

TO READ MORE...

Health Care Reform 101

What’s in it for Seniors?

By Silvia W. Collins, Senior Partner, The Platinum Years

Last month, President Obama’s health care reform bill passed. I could share enough information to fill this entire issue but instead will highlight important facts affecting Medicare “eligibles.”

  • CLASS Act:  CLASS, which stands for Community Living Assistance Services and Support, is a new government-run, employer-sponsored voluntary long-term care insurance designed primarily to assist the disabled. Seventy dollars of the $143 billion in deficit reduction comes from plan participant premiums, NOT taxpayers! Premiums eventually will be paid out as benefits after a five-year waiting period.

TO READ MORE...

Census Saftey Advice

Courtesy of the Better Business Bureau / www.BBB.org

The 2010 Census is underway and you may be wondering about whom you can trust. The Census is easy, important, and safe — just fill out your form and mail it back.

The IC3 and the Better Business Bureau (BBB), a 2010 Census partner, are encouraging participation in the 2010 Census while cautioning consumers to get the facts:

TO READ MORE...

FraudWatchFraudWatch - Beware of Scams

By Elaina Tramel, Attorney Debt Counsel for Seniors and the Disabled

As the economy gets worse, the number of scams increase and our seniors and disabled are the most vulnerable communities to these scam artists. We offer these tips in order to help you increase your financial safety.

Free Annual Credit Report
By law, you are entitled to one free credit report per year. There is only one governmentaffiliated program where this is available for free:
www.AnnualCreditReport.com. Its phone number is 1-877-322-8228. Information is available at the Federal Trade Commission website: www.ftc.gov/freereports. All other websites are commercial, for-profit, and/or out to get your financial information.

TO READ MORE...

The Savvy SeniorThe Savvy Senior - Financial Help for Family Caregivers

By Jim Miller

Dear Savvy Senior,
I’ve been taking care of my elderly mother for nearly a year now and it’s wearing me out both physically and financially. Is there any way I could get paid to be her caregiver?
Tapped Out

Dear Tapped,
To get paid as your mother’s caregiver there are several possibilities you should check into, and a variety of support services that can help, too. Here’s what you should know.

Caregiving for Pay
If your mom is eligible for Medicaid, you may be able to get paid a small amount by the government. In 15 states, Medicaid offers a Cash and Counseling program (see
cashandcounseling.org) that provides direct financial assistance to their beneficiaries, and that money can be used to pay in-home caregivers...

TO READ MORE...

A Memorial for Memorial Day

Information found at www.USMemorialDay.org

Memorial Day, originally called Decoration Day, is a day of remembrance for those who died in our nation's service. There are many stories about its actual beginning, with over two dozen cities and towns laying claim to being the birthplace of Memorial Day. While Waterloo, NY, was officially declared the birthplace of Memorial Day by President Lyndon Johnson in May 1966, it's difficult to prove conclusively the origins of the day.

TO READ MORE...

newsbytesNewsbytes

President Obama’s new health care legislation may still be in its infancy, however scam artists are already finding ways to manipulate the system and falsely get money out of unsuspecting victims. According to www.SeniorJournal.com, scammers are cold-calling and going door to door selling fake insurance policies. In a speech last month, Health and Human Services Secretary Kathleen Sebelius said, “Scam artists and criminals may be using the passage of these historic reforms as an opportunity to confuse and defraud the public. Media accounts indicate that fraudsters have gone door to door selling phony insurance policies. Some have attempted to make dishonest profits by urging consumers to obtain coverage in a nonexistent "limited enrollment" period that they falsely claim was made possible by the new legislation.” Don’t be fooled by these tricky scam artists!

TO READ MORE...

scales of justiceLegacy Spotlight

How to Pick an Executor or Trustee of Your Will or Trust

by Sean Robertson, Wealth Preservation Attorney

Last month, I had a court-appointed mediation between a brother and sister. The purpose behind the mediation was to resolve a family dispute between the trustee of their father’s trust and the beneficiary. In this case, the sister, “Jane,” was a beneficiary as well as the trustee of her father’s trust and provided in-home care services while her parents were sick. In contrast, the brother was a beneficiary of the trust.

TO READ MORE...

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