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The Money Manager                       

 
Volume 16July 2010
Greetings!

Welcome to The Money Manager.  This publication serves to educate the community on the world of personal money management services.
 
If you would like to contribute a related article, please contact us at

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ELDER JUSTICE BILLS CLEAR CONGRESS, OBAMA TO SIGN INTO LAW
 
March 22, 2010-Press Release
 
The House of Representatives last night gave final Congressional approval to the Elder Justice Act and the Patient Safety and Abuse Prevention Act as part of health care reform legislation thus enacting what the non partisan 622 member Elder Justice Coalition called, "The most comprehensive federal legislation ever to combat elder abuse, neglect and exploitation."  Coalition National Coordinator Bob Blancato called the bills "signature achievements within a landmark bill." The bill now goes to the President for his signature which is expected later this week.
 
The Elder Justice Act was added into the Senate health care bill by Senator Blanche Lincoln (D-Arkansas) a co-author of the measure and a member of the Finance Committee.  The bill's sponsor is Senator Orrin Hatch (R-Utah.) The Patient Safety legislation was added by Senator Debbie Stabenow (D-Michigan) on behalf of the bill's author Senator Herb Kohl (D-Wisconsin.)
The main provisions of the Elder Justice Act include:

*Adult Protective Services (APS) funding.  Provides $400 million ($100 million per year) in first-time dedicated funding for adult protective services.  Provides $100 million ($25 million annually) for state demonstration grants to test a variety of methods to improve APS.
*Provides $32.5 million (over 4 years) in grants to support the Long-Term Care Ombudsman Program and an additional $40 million ($10 million annually) in training programs for national organizations and State long-term care ombudsman programs.
*Establishes an Elder Justice Coordinating Council to make recommendations to the Secretary of HHS on the coordination of activities of federal, state, local and private agencies and entities relating to elder abuse, neglect and exploitation. Recommendations contained in report are due in 2 years.

The Patient Safety and Abuse Prevention Act creates a national program of criminal background checks for persons seeking employment in nursing homes and other long-term care facilities.

Blancato said, "The Elder Justice Coalition is pleased that Congress has recognized and responded to the growing national problem of elder abuse with the passage of these bills.  With estimates as high as 5 million cases and with victims of elder financial abuse losing $2.5 billion a year, it was long overdue to act."

The House Elder Justice Act was authored by Rep. Pete King (NY) and co-authored by Rep. Janice Schakowsky (IL) and Rep. Tammy Baldwin (WI.)
 Congress Approves Unemployment Extension
 
unemploy
 
On July 22, 2010, A long-debated proposal to extend unemployment benefits through November won approval in the House of Representatives.
What you need to know: 
New Credit Card Rules as of February 2010
 
What your credit card company has to tell you:
  •  When they plan to increase your rate or other fees.
  • How long it will take to pay off your balance.

Conservatorships:
 
Stepping in for those who can't help themselves.
 
Tuesday, March 16, 2010
By Melody Warnick
CreditCards.com
 
Watching a family member lose his grip on his finances -- ignoring the bills, forgetting to file taxes, running up massive credit card bills -- can make you desperate to take the reins. In some cases, you actually can do just that by going to court to set up a conservatorship -- a legal relationship that makes you the custodian of another adult's checkbook, credit cards and, often, major life decisions.
 
Helpful Resources:
 

Center for Medicare & Medicaid Services

Benefits Check Up 

Colorado:                                                                         Indiana:
PO Box 101775                                                                 PO Box 9
Denver, CO 80250                                            New Albany, IN 47151
Phone: 303-282-8882                                        Phone: 812-944-4200
Fax: 866-339-1918                                                Fax: 866-339-1918
 
* Please note: the views or opinions expressed in the included news articles are not necessarily those held by BPS, Inc.  We do not personally endorse or guarantee any service providers or agencies that are featured in our publication.

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You may have noticed that it has been several months since we last sent out a newsletter.   We have been really busy serving our clients and now that tax season is over we can finally come up for air.
 
BPS has been working are some exciting projects and we hope to share them with you in the near future.
 
We are honored to have worked with many of your clients and families and we thank you for your continued support and referrals. 
 
 
Sincerely,
 
Courtney L. Smith, NCG, PDMM
President
Benefit Payee Services, Inc.

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 Did You Know?
 
Courtney Smith, President of Benefit Payee Services, Inc is the only certified Professional Daily Money Manager in Colorado, Indiana and Kentucky? 
 
Certification by the American Association of Daily Money Managers demonstrates in a tangible way the professionalism among daily money managers and supports the AADMM's commitment to "promoting high standards of client services provided by members, and to supporting the growth of the daily money management industry, in numbers of providers, in recognition of the field, and in the quality of services provided.
 
This is just one reason why it's important to work with a PDMM.
 
 

   Benefit Payee Services, Inc. 

 is proud to announce...

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Randi L. Snider was hired as our Client Services Manager
 
Randi brings with her over 35 years of experience working in the banking industry. 
 
As the Client Services Manager, Randi will be responsible for managing the day to day adminstrative operations as well as internal controls for client services.
 
Randi will be working out of our Indiana office and can be reached at Randi@benefitpayeeservices.com
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SERVICES:
 
Daily Money Management

Bill Paying & Bookkeeping

Conservatorship

Financial Power of Attorney

Personal Representative

Representative Payee

Organization of Tax Information

Financial Oversight and Auditing for Families

Budgeting
 
Financial Coaching 

 More Information on Our Services 

 Check out our website for updated information
"Working with someone you can trust!"
 

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