Are Americans Taking Social Security at the Wrong Time?

A new study has found almost all Americans take Social Security at the wrong time.  The study found that only 4 percent of retirees start claiming their Social Security benefits at the most financially optimal time, according to a new study from United Income, an online investment management and financial planning firm.  You can read more about the study at the below link. Almost all Americans take Social Security at the wrong time, study says  

By |2020-02-07T10:55:51-05:00July 8th, 2019|Blog, Social Security|

SSA Issues Warning of Social Security and Medicare Fraud

For the fourth time this year the Social Security Administration (SSA) is warning seniors about fraudulent Social Security and Medicare communications targeting their benefits and their wallets.  Jim Borland, acting deputy commissioner for communications at the SSA said in a recent blog post titled Don’t Be Misled by False Medicare or Social Security Ads that “Online and otherwise, there’s a lot of information out there, and sometimes it’s difficult to tell what sources are credible. With millions of people relying on Social Security, scammers target audiences who are looking [...]

By |2020-02-21T11:56:45-05:00September 4th, 2018|Blog, Medicare, Social Security|

Social Security Beneficiaries to Receive 2% Raise in 2018

Pursuant to the Social Security Administration, monthly Social Security and Supplemental Security Income (SSI) benefits for more than 66 million Americans will increase 2.0 percent in 2018, the Social Security Administration announced today. The 2.0 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 61 million Social Security beneficiaries in January 2018.  Increased payments to more than 8 million SSI beneficiaries will begin on December 29, 2017.  (Note: some people receive both Social Security and SSI benefits)  The Social Security Act ties the annual COLA to [...]

By |2017-10-26T12:51:15-04:00October 15th, 2017|Blog, Social Security|

How to Pay for Long-Term Care? – What the Politicians Are Not Talking About

We are hearing many things from the Presidential candidates, both good and bad.  However, whether you are a Democrat, Republican, or Independent, the one important topic that is not being debated is how an increasing elderly US population will pay for future long-term care expenses.  This is one of the most important public policy issues facing our country.  Yet, politicians are afraid to talk about the issue. Health care costs associated with caring for those with dementia are soaring.  Dementia related costs are now higher than costs associated with both cancer and [...]

Rothkoff Law Group Firm Video

Our goal is to help families navigate the long-term care system.  Please watch our elder law firm video describing what we love to do.  We would like to thank our clients for sharing their stories working with our firm.  It has been a pleasure and honor to work with them as well as all our other clients and their caregiver loved ones. Rothkoff Law Group Firm Video

Families Need Help Navigating the Long-Term Care System

Our goal, as an elder care law firm, is to help families navigate the long-term care process when caring for a chronically disabled loved one.  An unfortunate example of the complicated long-term care health system is illustrated in a February 7, 2016 article in the Philadelphia Inquirer. Pennsylvania resident, Charles  Prozzillo, a dialysis patient due to kidney failure, required  ambulance transportation three days per week to a dialysis facility.  Prior to December 2014, the transportation was covered by Medicare.  In December 2014, Medicare began a pilot program in Pennsylvania to cut down [...]

NJ ABLE Act Signed Into Law

On January  11, 2016, Governor Christie signed the New Jersey ABLE Act into law.  The law is not scheduled to take effect until October 2016. Under the Achieving A Better Life Experience (ABLE) program, persons who become disabled before age 26 can open an ABLE account, and become the beneficiary of that account.  The beneficiary and their family or friends can contribute up to the amount of the annual gift tax exclusion to an ABLE account (currently $14,000 per year).  The ABLE account holds that money, and is managed and [...]

By |2016-01-29T14:44:52-05:00January 17th, 2016|Blog, Caregiver, Family, Law Update, Medicaid, Social Security, Special Needs Trust|

Announcing Rothkoff Law Group’s 2016 Focus on the Professional Seminar Series

We want to thank all of our clients, their families, and professional friends and colleagues who have made our elder care firm seminars so successful by attending our Professional and Caregiver Seminar Series over previous years.  We are proud to announce our 2016 seminar series for long term care professionals.  We will continue to offer continuing education credits to social workers, case managers and administrators in New Jersey and Pennsylvania.  Seminars  are scheduled in the morning, afternoon, and early evening (for our popular dinner seminars) to best accommodate your schedule. Please click [...]

Federal Budget Bill to Have Significant Effects on Future Social Security Payments

Congress passes a budget bill late last week that President Obama is expected to sign.  The good news is that the budget deal will prevent almost a 50% increase in Medicare premiums for 30% of Medicare beneficiaries.  The premiums increase will be prevented by the federal government receiving a loan from the Treasury.  Medicare beneficiaries will repay the loan by an added monthly premium of $3.00 over the next several years. However, the budget deal also will have significant negative consequences on future Social Security payments, potentially significantly reducing [...]

By |2015-11-01T09:30:19-05:00November 1st, 2015|Aging, Blog, Medicare, Social Security|

Bad News for Seniors: No Social Security Cost of Living Adjustment in 2016

The Social Security Administration announced that, based on Bureau of Labor Statistics inflation numbers released today, there will be no Cost of Living Adjustment (COLA) for 2016. This means that social security income and veterans pension benefits will remain at 2015 levels.  The announcement makes official the assumption underlying the 2015 Medicare Trustees Report premium and deductible projections for 2016. According to the 2015 Medicare Trustees Report, Part B premiums are expected to increase for 30% of beneficiaries by 52% – from $104.90 to $159.30 per month. The trustees [...]

By |2015-10-26T12:08:08-04:00October 26th, 2015|Aging, Blog, Elder Care, Medicare, Social Security, Veteran Benefits|

New Website Offers A Wealth of Senior Information

http://www.hhs.gov/aging/ The above website is a one-stop link to senior resources.  The home page leads to a wealth of information about Social Security, Medicaid, healthy aging, long-term care, HIPAA (health privacy) and methods to submit a complaint. The site allows a user to select his or her state, and click through local information. Seniors who are looking for a state that offers excellent senior services, as well as caregivers who are trying to assist elders from a distance, can quickly find information about the state or states that interest them.

By |2015-08-21T13:14:56-04:00August 21st, 2015|Aging, Blog, Caregiver, Elder Care, Health Law, Medicaid, Medicare, Social Security|

Happy Birthday – Milestones in the Government

Happy Birthday! There are many milestone birthdays to celebrate this year. Social Security turns 80. Medicare and Medicaid turn 50. The Americans with Disabilities Act (ADA) turns 25 and the Older Americans Act (OAA) turns 25. The Older Americans Act is up for reauthorization again since its expiration in 2011. The OOA was established in order to provide funding for various services to Americans as they age. The reauthorization would allow Congress to ensure that the US government can continue to support an important and rapidly expanding population of [...]

By |2015-05-28T16:46:42-04:00May 22nd, 2015|Blog, Medicaid, Medicare, Social Security|

During Month of May on PBS: “Caring for Mom & Dad”

PBS is premiering a powerful documentary special, Caring for Mom & Dad, during the month of May, with Meryl Streep as the narrator.  Many caregivers will be able to relate to the issues presented in this documentary. Even more important than the video itself will be the conversations that follow viewing. Check your local public t.v. schedule to see when the program will air in your area.  (You can check here, to see if the documentary is scheduled yet in your viewing area -- go to the drop down menu for [...]

Medicare as a Catalyst for Desegregation

Last Friday, myself and four of my office colleagues attended a Medicare Symposium in Washington, DC.  Among the presentations was a session on the impact of Medicare on American society since 1965.  I was struck by how far reaching Medicare's impact has been.  Specifically, how President Lyndon Johnson used the Medicare Act of 1965 to force southern hospitals to desegregate by conditioning Medicare payments to hospitals on their willingness to treat all patients equally. You can read more about the desegregation of southern hospitals at the below link. http://www.forbes.com/sites/peterubel/2014/01/30/medicare-and-the-desegregation-of-american-hospitals/

By |2015-05-04T11:59:39-04:00March 23rd, 2015|Aging, Blog, Health Law, Medicare, Social Security|

VA Proposes New Requirements for Needs-Based Pension Programs

On January 23, 2015, the Department of Veteran Affairs proposed a rule that "would establish new requirements pertaining to the evaluation of net worth and asset transfers for pension purposes and would identify those medical expense that may be deducted from countable income for VA's needs-based benefit programs." The proposed rule includes a three year look-back on asset transfers, the establishment of a ten year maximum penalty period, and a clear net worth limit tied to the maximum community spouse resource allowance established for Medicaid purposes (presently $119,220). Additionally, annuities and [...]

By |2015-05-04T11:26:51-04:00January 24th, 2015|Aging, Blog, Caregiver, Elder Care, Medicaid, Social Security, Veteran Benefits|
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