New 529 Plan Created for People With Disabilities

Tax-friendly 529 savings plans no longer will be just for college. Legislation recently signed by President Barack Obama will allow states to set up similar savings programs to benefit those with disabilities without jeopardizing their federal benefits, such as Medicaid. Money invested in an Achieving a Better Life Experience (ABLE) account — sometimes also called a 529A account — can be withdrawn tax-free to pay for qualified expenses, including education, housing, transportation, health care, employment training and legal fees. >> …

Helping the Disabled, One Invention at a Time

In this season of thanks and giving, Bill Deimling of Cincinnati considers himself one of the lucky ones. That’s because he gets to give more than he receives. Deimling, 72, is a cofounder of May We Help, a Cincinnati-based volunteer organization that creates custom-designed devices to help people with disabilities live more independently. The Army veteran and retired mold maker is clear about the group’s mission: “We don’t do home improvements — anybody can do that. And we don’t make …

A New Washington Memorial Just for Disabled Vets

In June 1969, Dennis Joyner was a 20-year-old soldier on patrol in Vietnam’s Mekong Delta when he encountered a land mine that ripped off his legs and an arm. He had only been in the war-torn country 32 days. Now 66, Joyner has learned to navigate life over the years from a wheelchair and is one of the nation’s more than 3 million disabled vets. He will also be among the crowds at the dedication of the American Veterans Disabled …

Top 8 Facts You Need to Know About the 2014 Social Security Trustees’ Report

On July 28, the Social Security Administration released The 2014 Annual Report of the Board of Trustees, which details the financial status of the Social Security program. The report makes clear that:   Social Security is vital to millions of Americans. At the end of 2013, Social Security provided benefits to about 58 million people: 41 million retired workers and their dependents, 6 million survivors of deceased workers, and 11 million disabled workers and their dependents.   Social Security’s Trust …

Older Americans Face Increasing Risk of Hunger

More than 15 percent of Americans over age 60 – some 9.3 million men and women – experienced the threat of hunger in 2012, according to a report just released by the National Foundation to End Senior Hunger. From the start of the recession in 2007 to 2012, the number of older people threatened by hunger has jumped 49 percent. The report, based on statistics from the 2012 Current Population Survey conducted by the U.S. Census Bureau, says the following groups of older Americans …

Government Hikes Payment Estimate for Medicare Advantage Plans

By Tom Murphy, AP Business Writer The government has raised its payment estimate for Medicare Advantage plans months ahead of a busy election season during which cuts to the program promise to be a key focus for politicians and voters. The Centers for Medicare and Medicaid Services said Monday that 2015 payments to the plans should increase less than 1 percent overall. That compares to a drop of nearly 2 percent that the government forecast in February. Analysts expect actual …