Details emerging about Medicare settlement

Additional details have been released about the proposed settlement to end the Medicare requirement of showing improvement in order to receive coverage of skilled care and therapy services.   Medicare recipients can expect to see changes in Medicare & You so that the sections which currently cite a patient’s need to show improvement will instead cite…

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Reverse mortgage foreclosures on the rise

Reverse mortgages allow homeowners 62 and older to borrow money against the value of their home.  In tough times like these, a reverse mortgage can seem like a gift but a growing number of seniors  are running into problems ranging from unscrupulous brokers with aggressive sales pitches to significant costs the homeowners can’t afford.  Some widows…

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Electronic Social Security checks on the horizon

Individuals receiving federal benefits must transition to electronic federal benefit payments by March 1, 2013.  The one-year countdown began in March and is two-thirds completed.  About 90 percent of Social Security and Supplemental Security Income payments are already being made electronically leaving approximately 6 million paper checks still being sent.  The switch to electronic payments…

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