Columbus, OH

Chelsea, MA

Cash benefits reduced emergency department visits, suggesting policies to alleviate poverty could improve health, a recent study found. The study, published July 22 by JAMA, included 2,880 individuals from Chelsea, Mass., a low-income community. Of those who applied, 1,746 were randomly assigned cash benefits – up to $400 per month for nine months, via debit card – from November 2020 through August 2021.

Cash benefits could slash emergency visits: Study

In recent years, hospitals and health systems have started using a decade-old database that houses information on industry payments to physicians to ensure compliance and manage conflicts of interest, The Wall Street Journal reported July 23. The Open Payments database launched in 2014 to bring transparency to the financial relationships...

How hospitals put payment disclosure data to use

WashingtonExaminer

August’s Supplemental Security Income payment, worth up to $943, will go out to millions of beneficiaries in 15 days. On Aug. 1, the first payments will be distributed. They are given to those living with a debilitating disability that affects one’s income, according to the Social Security Administration. Applicants who file individually can receive up to $943 per month, couples filing jointly […]

Social Security update: August direct payment worth $943 goes out in 15 days

There is information everywhere for younger workers, from the workplace to social media to financial apps and artificial intelligence-backed assistants. But as Generation Z and Millennials manage through the highest interest rates and inflation in years, experts continue to try and break through the noise to emphasize the importance of early retirement planning. Many in these generations are listening, with workplace retirement saving showing improvement in recent data—though they still face challenges like student loan debt and rising living costs.

Challenges Facing Young Savers

Kiplinger

The agency has resolved a major point of uncertainty for inherited IRA beneficiaries.

IRS Ends Inherited IRA Confusion: Annual RMDs Required for Many

CBS News

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  Over the past few decades, the expenses associated with extended medical care, assisted living and nursing home facilities have surged. According to data from Genworth, the average cost of a private room in a nursing home now exceeds $100,000 per year. And, assisted living facilities, while somewhat less expensive, still command an average yearly fee of over $50,000. Even in-home care services, often seen as a more affordable option, can quickly drain savings. Given the magnitude of these potential expenses,...

What long-term care costs does Medicare cover?

Lancaster County, PA

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NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

Parade

Plus, how to protect your financial health as you near retirement age.

7 Things Financial Advisors Are Begging People Over 50 to Stop Doing

Cedar Falls, IA

A nursing home resident in Cedar Falls, Iowa, died after becoming trapped between her bed rail and the wall, the Iowa Capital Dispatch reported July 22. The resident, who was living at NewAldaya Lifescapes, was discovered the morning of June 16. The official cause of death was suffocation due to the position of the resident's neck and head.

Nursing home resident dies at facility cited for several violations

Patients that struggle to pay their medical bills can be a financial burden for physicians, but there are strategies patients can learn to stay on top of their medical bills. Unfortunately, most physicians encounter patients who refuse to pay their medical bills. According to medical writer Kristen Fuller, MD, these patients may be either self-paying or insured. Either way, they avoid paying out-of-pocket expenses. Healthcare-industry veteran Hanny Freiwat studied collection rates from insured patients versus those from uninsured patients and found that the former ranged from 50%-70% following medical care. For the latter, however, collection rates following medical care reached a nadir of 10%.

How to Handle Patients Who Don’t Pay Their Medical Bills

Social Security has stood as a pillar of financial stability for countless Americans over the decades. Established by President Franklin D. Roosevelt, the Social Security Act of 1937 paved the way for a myriad of aid initiatives. Modernization of payment methods and enhanced data usage have marked the system's evolution. Developments in the Social Security Administration (SSA) dictate the latest adjustments. These affect retirees and future beneficiaries alike.

What Are the 3 Unexpected Changes to Social Security and How Are Retirees, Future Beneficiaries Affected?

FinanceBuzz

Retired and in need of health insurance? Check out our top part-time job picks that give retirees both coverage and flexibility.

8 Best Part-Time Jobs for Retirees Who Need Health Insurance

In June, Supplemental Security Income recipients didn't receive a payment due to getting two checks in May. The month of July is back on schedule, and checks should be headed your way soon. Also, if you didn't know, you might be getting a boost to your checks later this year.

Your July SSI Payments Are Coming. Here's When to Expect Them

The U.S. Department of Labor’s new fiduciary rule may have major consequences – both intended and unintended. As co-chair of ADISA’s Legislative & Regulatory Committee, I have closely followed the Department of Labor’s efforts to finalize its “Retirement Security Rule: Definition of an Investment Advice Fiduciary,” RIN 1210-AC02, or as its more simply known – the DOL fiduciary rule. The final rule was released on April 23 and will become effective on Sept. 23.

The DOL’s Retirement Security Rule: A Flawed Approach to Protecting Savers

Boston, MA

Catherine Leavy, 37, was sentenced in federal court for calling in a hoax bomb threat against Boston Children's Hospital in 2022. Ms. Leavy received a sentence of three years' probation from U.S. District Court Judge Leo T. Sorokin, according to a July 22 news release from the U.S. Attorney's Office.

Massachusetts woman sentenced in connection with hospital bomb threat

California State

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The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

If you ever ask, “Do I need life insurance,” Chad Terpstra’s answer will always be yes. Terpstra is an independent life insurance agent with 20 years of experience. Terpstra says that many people don’t get life insurance because they want to avoid talking about death. However, it’s important to plan ahead to make sure family members do not wind up in financial stress when you die.

Life insurance: Find the right plan for you

Missouri State

Kansas City, MO

Children's Mercy hospital in Kansas City, Mo., is at risk of losing its cancer center consortium designation, The Kansas City Star reported July 23. The University of Kansas Cancer Center in Kansas City, Kan., has a federal comprehensive cancer center designation, of which Children's Mercy is a consortium partner. The...

Missouri children's hospital cancer center status at risk

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J. Souza

Bed bugs aren't supposed to be part of the all-inclusive package on a cruise vacation. A woman is alleging an unsettling experience aboard a Royal Caribbean cruise ship, claiming she and her family were subjected to a bed bug infestation.

"I Paid $2K for a Bed Bug Cruise": Passenger Shares Royal Caribbean Story & Letter from Cruise Line

Business Insider

Discover home loan options for disabled individuals. Learn about eligibility criteria, benefits, and application processes.

Home Loans for Disabled Individuals: Options, Benefits, and How to Apply

NewsBreak

The Value of Proactive and Early Financial Discussions with Your Patients

More and more we’re seeing people take stock of their health and reconsider what quality healthcare means to them. As people have started putting a greater...

The Value of Proactive and Early Financial Discussions with Your Patients

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