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Category Archives: News

Updated Federal Mortgage Deadlines

*Update 12/28/2020 by Veterans Benefits Administration: Moratorium on Foreclosure and Eviction. Due to the ongoing COVID-19 national emergency and its impact on Veteran borrowers, all properties secured by VA-guaranteed loans, including those previously secured by VA-guaranteed loans but currently in VA’s REO portfolio, are subject to a moratorium on foreclosure and eviction through February 28, […]

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2021 Medicare Savings Programs Eligibility

GOOD NEWS FOR LOW INCOME MEDICARE BENEFICIARIES: EFFECTIVE JANUARY 1, 2021, ELIGIBILITY FOR THE MEDICARE SAVINGS PROGRAMS IS BASED SOLELY ON INCOME.  IT IS NO LONGER NECESSARY TO SATISFY RESOURCE (A/K/A ASSETS) STANDARDS TO BECOME ELIGIBLE The “Medicare Savings Programs” are Medicaid coverages that help low-income Medicare beneficiaries with out-of-pocket costs.  The three most important […]

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Second Round of Economic Impact Payments (Stimulus Payments)

The IRS has started sending out the next round of stimulus payments. Each adult who makes less than $75,000 for an individual or $150,000 for a couple should receive $600 per person. The IRS states that you do not need to do anything to receive this payment. If you received an automatic deposit before, you […]

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Impact of Social Security’s Cost-of-Living-Adjustment for 2021

SOCIAL SECURITY’s 1.3% COLA FOR 2021 IMPACTS SEVERAL BENEFIT PROGRAMS Late last month the federal Social Security Administration announced a comparatively modest 1.3 % “Cost-of-Living-Adjustment” (COLA) increase in Social Security benefits for 2021.  As one measure of inflation, this COLA has clearly been impacted by the economic fallout of the COVID-19 pandemic. For Social Security […]

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Mortgage and Rental Assistance Available Now From NM Mortgage Financial Authority

NM MFA Mortgage and Rental Assistance IMPORTANT UPDATE:  If a tenant applied for rental assistance in November but was denied because they could not provide a lease document or evidence of hardship, MFA SAYS:  APPLY AGAIN.   MFA has changed its document requirements and tenants no longer have to provide a written lease or evidence of […]

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https://www.cabq.gov/coronavirus-information/community-resources-during-covid

Please go to:  https://www.cabq.gov/coronavirus-information/community-resources-during-covid

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ALERT: Nursing Home and Assisted Living Facility Residents—YOUR STIMULUS PAYMENTS BELONG TO YOU!

ALERT: Nursing Home and Assisted Living Facility Residents—YOUR STIMULUS PAYMENTS BELONG TO YOU! Over the past two and a half months, the IRS has sent out more than a million federal “stimulus” payments to New Mexicans.  Authorized by a federal law called the “CARES” Act, these payments are officially called “Economic Impact Payments” (EIPs).  They […]

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Stimulus Payments on Prepaid Cards – what you need to know

Many people received their stimulus payment on a prepaid card – but since the envelope did not identify it and there was limited information provided – some people did not activate the card or threw the envelope away.  This was because it looked like a credit or prepaid card application that you did not apply […]

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ALERT: Medicare Adopts Special Relief for Some Enrollment and Plan Choices; BUT WITH DEADLINES THIS MONTH.

ALERT: Medicare Adopts Special Relief for Some Enrollment and Plan Choices; BUT WITH DEADLINES THIS MONTH. The federal Medicare agency (CMS) recently adopted two types of special relief to help people who wanted to make Part A and B enrollment choices, and/or switch Medicare Advantage Plans, since March, but didn’t do so. They were adopted […]

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THE EIP STIMULUS PAYMENT PREPAID CARD: NOT A SCAM; HOW TO AVOID FEES

Please go to the following National Consumer  Law Center’s link: Issue-Brief-Money-Network-EIP-Cards  

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