Posts Tagged ‘policy’

Announcing NJFA’s 18th Annual Conference!

Monday, February 29th, 2016

Announcing NJFA’s 18th Annual Conference!

NJFA will hold its 18th Annual Conference on Thursday, June 2nd at the Crowne Plaza Monroe. The 2016 Morning Keynote Speaker will be Ruth Finkelstein, ScD, who is an internationally recognized leader of inspiring and creating strategies for aging friendly communities. She is Assistant Professor of Health Policy and Management at Columbia University Mailman School of Public Health where she also serves as the Associate Director of the International Longevity Center-Columbia Aging Center (ILC-CAC). At the Columbia Aging Center she currently leads the translation of interdisciplinary scientific knowledge on aging and its implications for societies into policy-focused practice in order to maximize productivity, quality of life, and health across the life course. The Luncheon Keynote is Karin Price Mueller. She writes the Bamboozled consumer affairs column for The Star-Ledger which often addresses senior scams. Karen is also the founder of a personal finance web site that offers smart and objective advice on everything money, NJMoneyHelp.com. She is the recipient of many national and local journalism awards.

The 2016 conference workshop speakers will include policy makers, direct care & clinical practice specialists. Topics include Hearing Loss, Dementia, Older Worker Programs and more.

More information and registration can be found on NJFA’s website at www.njfoundationforaging.org Limited vendor space and sponsorships remain, call us at 609-421-0206, email at office@njfoundationforaging.org  or check out the website for details.

The New Jersey Foundation for Aging (NJFA) is a public charity with the primary goal to empower elders to live in the community with independence and dignity.

 

To learn more about the work of the Foundation visit www.njfoundationforaging.org or call 609-421-0206. The New Jersey Foundation for Aging was established in 1998, its mission is promote policy and services that enable older adults to live in the community with independence and dignity.

Tips from NJ Dept of Banking and Insurance May Help Those Filing Insurance Claims

Thursday, September 1st, 2011

An article in today’s (9/1) Trenton Times by Jarrett Renshaw, Statehouse Bureau, talks about information from the NJ Dept. of Banking and Insurance (DOBI) Commissioner, Tom Considine regarding the recent storm and insurance claims.

In a memo on Monday (8/29) the Commissioner stated that “Irene did not generate sustained hurrican-force winds, defined as 74 mph, but the time it got to NJ and told insurers they could not apply the hurricane deductible when calculating how much homeowners should pay for damages.”

So, what does this mean? It means, that homeowners across NJ could save a lot of money. Apparently, hurricane deductibles are much higher than the standard deductible on homeowner insurance policies. According to the article, “The hurricane deductible is often a percentage of the property’s value, ranging from 1 to 4 %… for example, a policy holder whoe home is insured for $200,000 with a 2 % hurricane deductible would have to pay the first $4,000 to repair hurricane damage. But in this case, the homeowner is only responsible for the first $500 to $1,000.”

NJ State Law says a hurricane deductible applies when the National Weather Service measures sustained hurricane winds above 74 mph, Irene’s peak winds were 71 mph, a small difference in mph but a big difference in out of pocket dollars for NJ homeowners who were affected by the storm.

It is good to know when contacting your insurance company, that they have been notified by DOBI that Irene was not classified as a hurricane and therefore you will pay your regular deductible on your homeowners insurance policy and not the higher hurricane deductible.

The link below will take you to the NJ Department of Banking and Insurance Website where you can see more storm related updates or contact them for questions.

http://www.state.nj.us/dobi/division_consumers/insurance/hurricane.htm#after

Affordable Care Act (ACA) Facts: Follow this Series

Tuesday, February 8th, 2011

There is a lot of speculation and discussion about what affect health care reform legislation, the Affordable Care Act (ACA), will have on seniors and more specifically, Medicare.

Fact # 1 ACA will not cut your basic Medicare benefits.

There are actually some improvements to Medicare benefits as a result of ACA. One immediate improvement, according to the Law, is more help with prescription drug coverage. In Medicare prescription drug coverage there is something commonly referred to as “the donut hole” which refers to a coverage gap where seniors end up paying 100% of prescription drug costs. The new law helps you pay these costs right away. If you enter the donut hole this year, Medicare will send you a check for $250. You don’t have to do anything to get the check. It will arrive around 45 days after you reach the gap. In 2011, if you enter the donut hole, you’ll pay only half of what your plan charges for brand-name drugs—a 50% discount. By 2020, the donut hole will be slowly phased out and completely eliminated because of the Affordable Care Act.

Also as a result of ACA, a free annual well visit is now available in 2011. The free annual wellness checkup will allow you and your doctor to develop a prevention plan to keep you healthy. And a range of prevention services, such as cancer and diabetes screenings, will be provided free, no more cost sharing.

Another improvement related to the ACA, better care when you get sick! 80% of older Americans, have at least one chronic medical condition such as heart disease, high blood pressure, or diabetes. If you are one of them, you probably see several doctors, who may not always work together. The law will invest in testing new models of care for people with chronic conditions in order to provide better care, better coordination, and more patient-centered services. If you must be hospitalized, the law also will help you return home successfully, and avoid going re-hospitalization, by providing incentives for hospitals to make sure that you get the services you need in your community and by teaching you ways to take good care of yourself.

There are more facts that seniors need to know about how the new healthcare legislation will impact you and your Medicare coverage, stay tuned for more information from NJFA.

The information in this blog was gathered from language in the Affordable Care Act, the Center for Medicare and Medicaid and the National Council on Aging.

For more information check out the following links:

A brochure from Medicare:

http://www.medicare.gov/Publications/Pubs/pdf/11467.pdf

Webpage from the National Association of States United for Aging and Disabilities (NASUAD):

http://www.nasuad.org/affordable_care_act/nasuad_materials.html

Answers from the National Association of Area Agencies on Aging (n4a):

http://www.n4a.org/advocacy/health-care-reform/

Straight Talk for Seniors from the National Council on Aging:

http://www.ncoa.org/public-policy/health-care-reform/straight-talk/