Category: Elder Financial Abuse

ATTORNEY NEWSLETTER The Nursing Home Reform Act was established by Congress to protect nursing home residents, especially their privacy, dignity and medical needs. It ensures they receive the care necessary for mental, physical and psychological well-being. The Nursing Home Reform Act ensures each resident will not be abused, receive improper […]

ATTORNEY NEWSLETTER A federal jury is currently deliberating if one of the nation’s premiere hospice providers, AseraCare, has fraudulently billed Medicare more than $7 million for 121 patients who were not on the verge of dying. This case is interesting for two reasons. The first reason is that it is […]

ATTORNEY NEWSLETTER An increasing number of seniors have been adding risky financial products to their retirement finances, guided by so-called “elder financial planners” and other shysters looking to make some money out of seniors’ life savings. One of their methods is to sell retirees a deferred annuity. The idea is […]

ATTORNEY NEWSLETTER Finra, the Financial Industry Regulatory Authority, has decided to give financial advisers the authority to circumvent rules on trade execution when they believe that an elderly client is being manipulated or financially abused. Till now, there was no way of stopping a transaction carried out by unscrupulous relatives […]

ATTORNEY NEWSLETTER Unbeknownst to many, September is Life Insurance Awareness month, as well as National Yoga Month, National Bourbon Heritage Month, National Papaya Month, and National Prostate Health Month. While the last four are all nationally recognized, the first is a marketing event put on by Life Happens, a non-profit […]

ATTORNEY NEWSLETTER The Nursing Home Reform Law prohibits discrimination based on a person’s Medicaid status or eligibility. Medicaid rates, however, are often much lower than those paid by Medicare and private insurance residents, which can lead to residents being treated as second-class citizens in a nursing home. Approximately two-thirds of […]

ATTORNEY NEWSLETTER At first glance, Indexed Universal Life Insurance sounds like a dream come true: guaranteed market returns on your life insurance and a solid floor to prevent you from losing your primary. But there’s a reason some Insurers are pushing Indexed Universal Life policies: they don’t perform the way […]

Fidelity Doubles Down on Deferred Annuities ATTORNEY NEWSLETTER Fidelity Investments is stepping up their inclusion of deferred annuities as part of retirement planning. Their move follows a record year for deferred income annuities, with sales at nearly $3 billion, up 22% from the previous year. As sales skyrocket, the only […]

ATTORNEY NEWSLETTER Medicare and Medicaid programs differ in the way that they pay for nursing home care. It is important for nursing home residents and their loved ones to understand the coverage they have under their particular program. Medicare coverage functions like a health insurance policy, with either the beneficiary […]

ATTORNEY NEWSLETTER Though long overdue, the field of Elder Justice just got a new playbook. Prepared from a survey of hundreds of stakeholders, funded by the Department of Justice and the Department of Health and Human Services, and compiled by top experts in the field, the Elder Justice Roadmap lays […]