social security

Consumer Protections in response to COVID-19

In response to COVID-19, several consumer protection measures have been announced ranging from court hearings, foreclosures, evictions, utilities to student loans, price gouging, bankruptcy and more. Please see the attached article from the National Consumer Law Center to read about the latest measures.

One in Three Americans will Receive an Inheritance – Is Yours is Protected?

One in Three Americans will Receive an Inheritance – Is Yours is Protected?

One in every three Americans will receive an inheritance during their lifetime, according to a study by Ohio-State researcher Jay Zagorsky. Unfortunately, much of that windfall is lost through spending or bad investing. Mr. Zagorsky offers four steps for handling an inheritance: (1) assess the current financial situation; (2) figure…

CMS Announces Spousal Allowance Amounts unchanged for 2016

The 2016 Community Spouse Resource Allowance will remain at $119,200 (maximum) and $23,844 (minimum), as recently reported by the Centers for Medicare and Medicaid Services (CMS).  In addition, the spousal monthly maintenance needs allowance will remain $2,980.50 a month.  For medicaid eligibility, the income cap is projected to remain at $2,199.…