April 24, 2018

Medicare Program – General Information

Medicare is a health insurance program for:

  • people age 65 or older,
  • people under age 65 with certain disabilities, and
  • people of all ages with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a kidney transplant).

Medicare has:

Part A Hospital Insurance – Most people don’t pay a premium for Part A because they or a spouse already paid for it through their payroll taxes while working. Medicare Part A (Hospital Insurance) helps cover inpatient care in hospitals, including critical access hospitals, and skilled nursing facilities (not custodial or long-term care). It also helps cover hospice care and some home health care. Beneficiaries must meet certain conditions to get these benefits.

Part B Medical Insurance
– Most people pay a monthly premium for Part B. Medicare Part B (Medical Insurance) helps cover doctors’ services and outpatient care. It also covers some other medical services that Part A doesn’t cover, such as some of the services of physical and occupational therapists, and some home health care. Part B helps pay for these covered services and supplies when they are medically necessary.

Prescription Drug Coverage – Most people will pay a monthly premium for this coverage. Starting January 1, 2006, new Medicare prescription drug coverage will be available to everyone with Medicare. Everyone with Medicare can get this coverage that may help lower prescription drug costs and help protect against higher costs in the future. Medicare Prescription Drug Coverage is insurance. Private companies provide the coverage. Beneficiaries choose the drug plan and pay a monthly premium. Like other insurance, if a beneficiary decides not to enroll in a drug plan when they are first eligible, they may pay a penalty if they choose to join later.

SOURCE: https://www.cms.gov/Medicare/Medicare-General-Information/MedicareGenInfo/index.html

Alimony in Divorce & Bankruptcy

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In Divorce:
“In determining whether alimony shall be awarded, and the duration and amount of the award, the court shall consider the evidence presented by each party and shall consider the length of the marriage, the causes for the annulment, dissolution of the marriage or legal separation, the age, health, station, occupation, amount and sources of income, earning capacity, vocational skills, education, employability, estate and needs of each of the parties and the award, if any, which the court may make pursuant to section 46b-81, and, in the case of a parent to whom the custody of minor children has been awarded, the desirability and feasibility of such parent’s securing employment.” -Connecticut General Statutes Section 46b-82

In Bankruptcy:
Alimony is treated as ordinary income or a necessary expense (depending if you are receiving it or paying it) in Bankruptcy. Back-owed alimony is not discharge-able in Bankruptcy.

If you have questions about Divorce or Bankruptcy, please contact me here for a free consultation.

Nisi Period (Latin for “Cooling-Off Period”)

Divorce

Please be aware that in Connecticut, all parties must wait 90 days to obtain a divorce, unless the parties are eligible for a nonadversarial (simplified) divorce or unless the parties have an agreement on all terms of the divorce and ask the court to waive the 90-day waiting period.

Connecticut law provides individuals with options when filing for a divorce.

The following are the different types of divorce processes:

Nonadversarial (simplified or “non-ad”) divorce
This type of divorce is a simplified process by which eligible parties may obtain a divorce within days without having to appear before a judge.
Divorce with an Agreement (or “waive 90”)
If you and your spouse have an agreement as to all issues, you may ask the court to waive the 90-day waiting period that is otherwise required by law, and get divorced at almost any time you choose.
Divorce without an Agreement
It is always preferable for you and your spouse to agree on the terms of your divorce. However, if you are unable to do so, a judge will make decisions regarding alimony, custody and visitation.

(Reposted from the State of Connecticut Judicial Branch Website)

5 Inexpensive New England Getaways!

Trying to plan a weekend getaway but don’t quite have the money for it? No worries – I have compiled a list of cheap weekend trips that are perfect for New England in the summertime.

  1. Cape Ann, Massachusetts. Located just 40 miles north of Boston, this town can be reached by train or car. There you may find the famous docks of Gloucester, visit the beach, or grab true (yet cheap) New England cuisine. With aspects of both Cape Cod and Martha’s Vineyard, skip the expensive places, and just head to Cape Ann for the weekend!
  2. Lake Placid, New York. Do you believe in miracles? This famous New York town is most known for holding the 1980 Winter Olympics. Tour the site where the Olympics were held for as little as $32 which grants you entry into various other sites and attractions for a discount and stay at the Olympic Motor Inn for a mere $76 a night!
  3. Why not try a local campground? Campsites are a cheap place to stay at night and provide a plethora of free activities during the day. Go hiking, plan a picnic somewhere near the campsite, bring your bikes and go mountain biking – the outdoor activity possibilities are endless! Camping is definitely more for the outdoorsy and active family, but it is one of the most inexpensive weekend getaways for families.
  4. Branford, Connecticut. This beach town offers great seafood restaurants, places for hiking, and public beaches. You may rent a small cottage or choose to stay in a cheaper hotel. This is the perfect weekend getaway for just two or the entire family!
  5. Springfield, Massachusetts. Springfield is a town with a lot to offer, but it avoids the claustrophobic and overpriced aspects of a trip to a large city. Six Flags New England is just a few minutes from Springfield, which will provide fun for the whole family! In addition, sports fans can check out the Basketball Hall of Fame located in Springfield. While some might not think of Springfield when they think of vacation, this town has a lot to offer.

Bonus tips for saving money on a weekend getaway:

  • Use a service such as Groupon or TravelZoo to get a hotel or fun activity at a discounted price.
  • Consider staying one night instead of two or three to cut down on the hotel cost.
  • Call up a few friends that you haven’t seen in a while and invite them along. You can carpool to save money on gas or even split the cost of a hotel room.
  • Use points from a reward service to get a discount on a hotel room, flight, or meal.

Looking for a cheap weekend getaway in the New England area? Check out one or more of these incredible finds. Summer trips no longer need to be crazy expensive – you and your family may now have an incredible time without breaking the bank!

This firm is a debt relief agency. We help people file for bankruptcy relief amongst other things, under the Bankruptcy Code.