Where is My Third Stimulus Check?: Possible Problems

As your friends and family receive their third stimulus checks, you may have grown increasingly worried about the status of your own economic impact payment. Due to some changes in check distribution this time around, your third economic impact payment may still be coming. Additionally, the IRS is no longer providing assistance via phone, as they did for the first stimulus payments, instead encouraging those eligible to check the status of their payment through the IRS's payment tracker tool, which you can access by clicking here. If your payment has been delayed, the most common reasons are outlined below. Where [...]

2024-03-08T12:29:42-05:00April 8, 2021|

How the $1.9 Trillion COVID-19 Relief Bill Impacts Seniors, Health Care

The American Rescue Plan Act of 2021, commonly known as the COVID Relief Bill, became law on March 11, 2021.  The law includes the widely publicized $1,400.00 stimulus checks and expanding vaccine distribution, in addition to increasing access to health insurance, funding for the long-term care community, and continued support for the Elder Justice and Older Americans Acts. For those on Medicaid, the the COVID Relief Bill stimulus check is not income or a resource for Medicaid purposes.  The funds may be gifted penalty-free for the first 12 months.  After 12 months, it is considered a resource impacting Medicaid eligibility.  [...]

2024-03-08T12:31:06-05:00March 25, 2021|

Effect of Stimulus Payments on Medicaid Eligibility

elder lawIn light of the recent $600 stimulus bill payments, as well as the potential for up to $1,400 more to be paid to all eligible individuals over the next few months, we wanted to update you regarding the effect of the stimulus payments on Medicaid eligibility.  Additionally, as well as an update on the long-term care communities’ responsibilities regarding the payments for residents. In May 2020, the NJ Division of Medical and Health Services (DMAHS) advised that an individual, including a nursing home resident, can make cash gifts to family and friends without impacting Medicaid. Specifically, per DMAHS: "CMS [...]

2021-11-09T18:53:14-05:00January 29, 2021|

What Seniors Need to Know About the New Stimulus Package

The new $900 billion stimulus package was signed into law last week in order to address the continued health and economic fallout of the COVID pandemic. The relief measure includes a one-time $600 payment per eligible adult and child, but those $600 payments are not the only provision seniors should know about. The coronavirus relief package was included as a part of a $1.4 trillion omnibus spending bill, which also contained changes to key senior programs. Here are some of the legislation’s most important provisions for older Americans. $600 Stimulus Checks The stimulus package authorizes a one-time $600 relief payment [...]

2024-03-08T12:33:04-05:00January 4, 2021|
Go to Top