According to applicable federal law, Social Security benefits are evaluated on an annual basis and the benefits are then calculated based upon the cost-of-living as measured by the Department of Labor Consumer Price Index (DPI). An increase in the Social…
Read More Social Security Will Increase by Almost 9% in 2023
Medicare has Parts A and B. Part A is often referred to as the hospital portion of Medicare coverage. Part B is usually referred to as the doctor’s portion of the Medicare program. Part B provides coverage for physician services,…
The Coronavirus Aid, Relief and Economic Security Act, also known as the CARES Act, was enacted on March 27, 2020 as Public Law 116-136. It is a $2 trillion economic stimulus bill. The goal of this legislation is to provide…
New Jersey permits a person to reduce his or her monthly income below the Medicaid income cap through the use of a Qualified Income Trust, also known as a QIT. There are legal requirements, however, for the establishment of a…
Read More Additional Rules Concerning a Qualified Income Trust
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