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What the latest stimulus package means for senior citizens


What the latest stimulus package means for senior citizens
Last Updated: Dec. 26, 2020 at 10:04 a.m. ET
First Published: Dec. 23, 2020 at 10:15 a.m. ET
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Congress passed a long-awaited stimulus package this week.
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The latest stimulus package, aimed at improving Americans’ financial and medical situations during the pandemic, mentions little about retirement savings and yet, there’s plenty that retirees need to know about it. 
The long-awaited $900 billion stimulus package, which President Trump signed into law on Sunday, allows for distribution of a second round of checks, as well as money for vaccine disbursement and suffering small businesses. The 5,500-page bill also prolongs unemployment benefits and prevents evictions.   ....

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Hospice reform crafted by Reed passes House


WBFO s Tom Dinki reports.
On Tuesday the House approved the Beneficiary Enrollment Notification and Eligibility Simplification (BENES) Act. It mostly deals with Medicare eligibility, but also includes language from a previous piece of legislation, the Helping Our Senior Population in Comfort Environments (HOSPICE) Act, which lawmakers say would increase the accountability and transparency of hospice providers.
Currently, hospices are only inspected once every three years and are not subject to fines. They can be cut off from Medicare funding, but the penalty is rarely used. It happened to less than 1% of the nation’s over 4,000 hospices from 2014 to 2017.
Language from the HOSPICE ACT would allow the Department of Health and Human Services level monetary fines on hospices for poor care, publicize their inspection results online, and create a toll-free hotline for patients and families to report abuse. ....

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