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Tag: Social Security benefits

18Apr

Changes in Medicare Part B Premium for 2023

Posted by markelderlawon April 18, 2023in Medicare
nurse with her arms around senior patient in a wheelchair

Medicare Part B provides coverage for services by a physician, outpatient hospital services, durable medical equipment and other health services that are not covered by Part A.  Each year the Medicare Part B premium is revised based upon federal law. …

Read More Changes in Medicare Part B Premium for 2023

04Nov

Social Security Will Increase by Almost 9% in 2023

Posted by markelderlawon November 4, 2022November 4, 2022in Social Security
Senior couple bike riding among autumn trees

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

18Feb

Increase in Medicare Part B Premium

Posted by markelderlawon February 18, 2022November 4, 2022in Medicare
elderly woman in wheelchair on sunny field

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,…

Read More Increase in Medicare Part B Premium

04Jun

Stimulus Check, SSI, and Medicaid

Posted by markelderlawon June 4, 2020November 4, 2022in Social Security
elderly people bike riding

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…

Read More Stimulus Check, SSI, and Medicaid

02Mar

Additional Rules Concerning a Qualified Income Trust

Posted by markelderlawon March 2, 2020November 4, 2022in Trusts
smiling elderly man reading outside

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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