Monthly Archives: May 2017

SEC Approves Rules Relating to Financial Exploitation of Seniors

May 20, 2017

Summary

The SEC approved: (1) the adoption of new FINRA Rule 2165 (Financial Exploitation of Specified Adults) to permit members to place temporary holds on disbursements of funds or securities from the accounts of specified customers where there is a reasonable belief of financial exploitation of these customers; and (2) amendments to FINRA Rule 4512 (Customer Account Information) to require members to make reasonable efforts to obtain the name of and contact information for a trusted contact person for a customer’s account. New Rule 2165 and the amendments to Rule 4512 become effective February 5, 2018. Continue reading

Five big wins: Congress boosts medical science funding in key areas

May 20, 2017

By Ariana Eunjung Cha

Congress unveiled a bipartisan budget late Sunday that contains a number of welcome surprises for researchers who had been panicking since March, when President Trump proposed deep funding cuts for science and health. Under the deal, the National Institutes of Health will get a $2 billion boost in fiscal year 2017, as it did the previous year. Trump had proposed cutting the NIH budget by about one-fifth, or $6 billion, in a draft 2018 budget. Continue reading

Franken: Proposal to lift nursing home arbitration ban ‘misguided’

May 20, 2017

A proposal that could reverse a federal ban on pre-dispute arbitration agreements in nursing homes would be a “misguided decision” on the part of the administration, according to Sen. Al Franken (D-MN).

The proposal, which would revise arbitration agreement-related requirements for long-term care providers, is currently pending review and was slated for official publication by the White House Office of Management and Budget on Tuesday, a spokesman for Franken told McKnight’s on Monday. The proposal was submitted by the Centers for Medicare & Medicaid Services last Wednesday. Continue reading

Senate votes to kill rule that would help states launch retirement plans

May 20, 2017

By Jonnelle Marte

Congress moved to kill an Obama-era rule that would make it easier for states to launch retirement programs for millions of workers who do not have plans through their jobs.

The Senate narrowly approved, 50 to 49, a resolution to eliminate a rule that would have removed regulatory hurdles for states creating the programs. The vote broke down mostly along party lines, with the exception of Republican Sens. Bob Corker (Tenn.) and Todd C. Young (Ind.), who voted against the resolution.
Continue reading

ABLE Accounts Preserve Food Stamp Eligibility

May 20, 2017

By Karen Mariscal

A final rule has been issued that states money in an ABLE account is not counted for purposes of determining SNAP eligibility. Up until now, funds in ABLE accounts were not specifically excluded from eligibility calculations for SNAP benefits. That changed on March 7, 2017, when the amendment went into effect. Continue reading

Millions could get slapped with steep premium hikes for universal life insurance

May 20, 2017

– By Scott Hanson

While I certainly hope that no one reading this is currently involved in a fight with their life insurer over the rising costs of their universal life premiums, I know better.

Over just the last two years, tens of thousands of universal life policyholders have been hit with double-digit premium increases from companies such as Axa Equitable, Voya Financial VOYA, +1.46%  and Transamerica. More premium hikes, especially to longtime policyholders, are expected. Continue reading

Junnell Daniels

May 18, 2017

Dear Jason,
Thank you so much for being a speaker and exhibitor at the Annual Dementia Conference. You are such an amazing presenter. People are still talking about your wonderful presentation. Thank you for your time.

Sincerely,
Junnell Daniels,
Education Coordinator,
Alzheimer’s Association

Repeal of Filial Responsibility in Maryland

May 11, 2017

Spearheaded by Md/DC NAELA Chapter Public Policy co-chair Jason A. Frank, Maryland repealed filial responsibility for children by law signed by Maryland Governor Larry Hogan on May 4, 2017. A 3-year battle to remove the 415-year-old hangover from the Elizabethan Poor Laws from the Maryland Code finally succeeded in passing both legislative houses on the last day of the 2017 legislative session. State Sen. Delores Kelley (Dem. Baltimore County) sponsored the legislation in the Maryland Senate and worked tirelessly for its passage. State Delegate Christopher R. West (Rep. Baltimore County) sponsored the legislation in the Maryland House of Delegates and did the hard work necessary to get it passed there. The passage of the repeal was a true bipartisan effort to move Maryland from the 17th to 21st Century.