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August 24, 2010
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Estate Planning News

 

 

The Administration on Aging Awards $9.4 Million for Senior Medicare Patrol Projects

 Assistant Secretary for Aging Josefina G. Carbonell today awarded $9.4 million to fund fifty-seven Senior Medicare Patrol (SMP) projects. These projects train retired professional volunteers to help their peers become better health care consumers.

Volunteers work to educate older Americans about the importance of reviewing their Medicare notices to identify billing errors as well as potentially fraudulent activity. Program volunteers also encourage seniors to make inquiries to the SMP project when such issues are identified, so that the project may ensure appropriate resolution or referral.

“Senior Medicare Patrol projects provide products and services to our seniors that promote understanding of Medicare and Medicaid program benefits,” said Assistant Secretary Carbonell. “Through this program beneficiaries increased their knowledge of the new prescription drug and other benefits that empowers them to make sound health care decisions.”

The SMP program plays a unique role in providing direct and widespread education to reduce erroneous and wasteful Medicare and Medicaid spending. The project plays an important role in helping elderly people protect both their own and Federal health care resources, which in turn help them remain independent in the community.

AoA provides these grants to states, territories, other jurisdictions and community-based non-profit organizations. Each project is designed to focus on providing program services to seniors who are homebound, rural, non–English speaking or otherwise underserved.

According to the most recent SMP Program performance report issued May 2, 2006, by the HHS Office of Inspector General, over 10,000 new volunteers were trained during 2005, who in turn educated over 483,000 beneficiaries through either group or one-on-one counseling sessions. As a result of this training, the SMP Projects resolved or referred almost 28,000 complaints regarding Medicare, Medicaid, and other health care issues. Since 1997, over $104 million in savings, including Medicare and Medicaid funds recovered, beneficiary and other savings have been attributed to the program as a result of documented complaints.  Read more at aoa.gov

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Did You Know?    
 
 
A Will, is sometimes called a "Last Will and Testament"
Used to transfer property you hold in your name to the person(s) and/or organization(s) you want to have it. A Will also typically names someone you select to be your Personal Representative (or "Executor") to carry out your instructions and names a Guardian if you have minor children. A Will only becomes effective upon your death, and after it is admitted to probate.

 


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Latest news about Financial & Estate Planning in Wyoming and nationwide:

U.S. House Votes To Reform Estate Tax
The U.S. House of Representatives voted today to reform estate taxes by passing the Permanent Estate Tax Relief Act (H.R. 5638).

Also know...

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Governor Appoints Split Estates Task Force
CHEYENNE, Wyo. - Gov. Dave Freudenthal today announced his five appointments to the newly created Split Estate Task Force. The task force is charge...
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Estate Planning Terms

 


Today's Terms

Grantor

Definition:
The person who sets up or creates the trust; also called a Settlor, Trust Creator, Trust Maker, or Trustor.

Fiduciary

Definition:
A person in whom one places great confidence in and upon whom one relies for his or her integrity, trust, and good faith. A fiduciary has the legal duty to act in the best interest and benefit of another and therefore is held to the very highest legal standards. A trustee is a fiduciary.

Joint Tenancy

Definition:
Property owned by two or more people in a manner such that upon death of one of the joint owners, all of his/her interest in the property is transferred immediately, by operation of law, to the other surviving owners.

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Estate Planning Resources

 


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Estate Planning Hot Topics

 
Topics Related to Estate Planning:

  • Trusts
  • Wills
  • Uniform Probate Code
  • Gift Tax

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Wyoming Estate-Planning Attorney

 
If you live in the following cities and need an Estate-Planning attorney you should contact our Estate-Planning Attorney as soon as possible:

  • Casper
  • Cheyenne
  • Cody
  • Douglas
  • Evanston
  • Gillette
  • Green River
  • Jackson
  • Lander
  • Laramie
  • Powell
  • Rawlins
  • Riverton
  • Rock Springs
  • Sheridan
 


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