Author: Stefans Law Group, PC – Donna Stefans
Life Care Planning Lead Attorney
As March continues to roll through, the government has begun to implement some spending cuts that may drastically change many people’s lives. We here at Stefans Law Group PC believe it is important to let our clients know how these changes can affect their lives. Please call us at (516) 692-2744 to discuss this important topic after you have read this article.
What are these changes about?
As a consequence of congressional gridlock, $85 billion in automatic, across-the-board spending cuts are starting to take effect. We’ve heard the dire warnings about the impact: air travel delays, 70,000 children forced out of Head Start, cutbacks in food inspections, understaffed fire departments, 700,000 fewer jobs created . . . the list goes on.
How will programs that seniors rely on be affected? The good news is that big chunks of the budget are exempt from the sequester’s cuts, including Social Security, Medicaid, and veterans’ programs. But while there will be no change in benefits for these programs, the federal workforce that administers them will be slashed, leading to delays and frustration. Read More
Where the Real Pain Would Be
The harshest impact will be on seniors who rely on federal programs to keep fed, stay warm (or cool), perform basic tasks like dressing and bathing, and keep in contact with the outside world. More
The $85 billion in cuts on March 1 is just the beginning. Under the terms of the sequester, federal spending would be cut by $1.2 trillion from March 2013 to March 2021 in this same blunt fashion.
These recent cuts are only the start of what is to come and many seniors will continue to struggle in their daily lives as the necessities they once relied on are fading away right in front of their eyes.
At Stefans Law Group PC, we provide services in Elder Law and Medicaid Planning, Estates and Trusts, Probate, Guardianship, and Tax Planning. We welcome the opportunity to sit with you to discuss ways to protect your assets and you as these changes continue to take place. Call us today at (516) 692-2744 to schedule an appointment to discuss your protection plan.