Morris County Chamber of Commerce
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MCCC Blog

Click Here to submit an article for our blog. 
Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.

Medicare 101: Supplement and Advantage Plans

12/2/2020

 
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by Staff, Porzio Bromberg & Newman, P.C.
Medicare Supplement Plans or Medigap Insurance are designed to cover care not covered by Medicare Parts A and B like co-pays and deductibles, vision care, hearing aids, fitness programs and other benefits. When you have a Medicare Supplement Plan or Medigap Insurance, Medicare Parts A and B are your primary insurance and the Supplement Plan pays some or all of the expenses that Parts A and B do not pay. What kind of Supplement Plans are available?

Read More

Any Property Tax Relief From COVID-19 Impact?

12/1/2020

 
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by Richard De Angelis & Thomas Olson of McKirdy, Riskin, Olson & DellaPelle, P.C.
As 2020 draws to a close (and not a moment too soon) we are all hopeful for a better 2021. Regardless of whether the spread of Covid-19 is slowed, or the civil unrest in our cities calms, the economic pain  of 2020 will likely linger through next year.  No industries have experienced this pain more, in terms of immediacy and impact, than retail stores, restaurants, hotels, and personal service establishments. And while elected officials debate programs to try to lessen the sting, one area rarely discussed is property tax relief.

Read More

Medicare 101: What Medicare Does Not Cover

12/1/2020

 
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by Staff, Porzio Bromberg & Newman, P.C.
Medicare coverage is complicated and, as we saw in my blog post Medicare 101: What Medicare is and Who is Eligible, it is composed of several parts. As you consider what parts of Medicare to enroll in, you should be aware of what Medicare covers and what it doesn’t cover. That way, you can plan carefully and be sure you are getting the health insurance and services that you need.

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Medicare 101: What Medicare is and Who is Eligible

11/17/2020

 
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by Staff, Porzio Bromberg & Newman, P.C.
​
It’s often assumed that the benefits from Medicare just happen. People get older, they sign up, and benefits begin to flow. For most of us that’s not true. Maximizing Medicare health benefits in retirement requires education and careful planning. To plan adequately, I counsel clients to begin thinking about Medicare well before they need it and to understand some key principles. ​

Read More

Does Your Grantor Trust Still Make Sense?

10/12/2020

 
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by Porzio Bromberg & Newman, P.C.
​
What is a Grantor Trust? A “Grantor Trust” is a trust where the person who created the trust (the grantor) continues to pay the income taxes on the trust’s income even though the grantor does not receive any benefit from the trust. A “Non-Grantor Trust” is a separate taxpayer from the grantor and responsible for its own income taxes. ​

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Anatomy of an Asset Protection Trust

10/2/2020

 
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by Porzio Bromberg & Newman, P.C.
​
New Jersey care costs related to aging are staggering. Type of Care / Average Monthly Cost Adult Day Care / $1,950 Home Health Aid / $4,576 Assisted Living Facility / $6,065 Nursing home – Semi-Private room / $10,646 Nursing Home – Private Room / $11,863 (Source: Genworth Cost of Care Study 2018)

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Trustee Duties Annual Checklist

9/30/2020

 
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Being a Trustee is more than just a job. Trustees have a fiduciary duty to act in the best interests of the beneficiaries and carry out the terms of the Trust. Unfortunately, many times we come across Trustees who have no idea what their duties are and don’t carry them out. This leads to personal liability for the Trustees and possible diminution of the Trust’s assets. Here is what the Trustee should do in the first quarter of each year (or now if these steps have never been taken before).

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DNR vs. Living Will vs. POLST in the Age of COVID

7/12/2020

 
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By Eric Goldberg, Esq., Certified Elder Law Attorney,   Mandelbaum Salsburg P.C.
DNR vs. Living Will vs. POLST in the Age of COVID-19 - The current healthcare crisis has created an influx of calls to our office regarding the efficacy of DNR orders and Living Wills. In the last few weeks, we have received multiple communications like this: “I can’t believe my mom has a DNR. Now that she has been diagnosed with COVID-19 (or is concerned about contracting it), the hospital will never put her on a ventilator!” 

Read More

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    Please Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.

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973.539.3882
​Morris County Chamber of Commerce
325 Columbia Turnpike - Suite 101
​​Florham Park, NJ 07932               (MAP)
Our Mission: The Morris County Chamber of Commerce collaboratively advances the interests of its members to champion a thriving business and community environment.
Our Vision: Creating member experiences that foster exceptional business success and quality of life.
Picture
  • About
    • Chamber Team
    • Our Mission
    • The President's Desk
    • Morris Business Cabinet
    • Board of Directors
    • What Members Are Saying >
      • Share a Testimonial
    • Frequently Asked Questions
    • Forums & Committees >
      • Committee Chair and Vice Chair Application
      • Ambassadors Council >
        • Ambassadors-Only Resources
      • Business Development Forum
      • Business Strategy & Tactics Forum
      • Environmental & Sustainability Forum
      • Government Affairs
      • Health & Wellness Forum
      • Hispanic Affairs Council
      • Human Resources Committee
      • Not For Profit Roundtable >
        • 2020 NFP Excellence Award Honorees
        • Nonprofit Donations
      • Real Estate Forum
      • Tech Talk Forum
      • Women in Business Program
      • Young Professionals Forum
    • Staff Forms - Internal Use Only
  • Why Join?
    • Join Our Chamber
    • Retail Restaurant Membership
    • Member Benefits
    • The Value of Membership >
      • Grow Your Business
      • Build Your Brand
      • Professional Development & Education
      • Government Advocacy
      • Community Outreach & Volunteering
    • Grand Opening Support
    • Member Marketing Opportunities
    • Enhance Your Directory Listing
    • Member to Member Deals
    • Member Referral Bonus
    • Connect to Morris Job Bank
    • Co-Working Space Available
  • Events
    • Chamber Event Calendar
    • Member Events Calendar
    • Signature Events & Programs
    • Virtual Job Fair
  • Find A Member
    • Searchable Business Directory
    • Nonprofit Organizations
    • Professional Services >
      • Accounting, Auditing and Related Services
      • Advertising, Marketing and Related Services
      • Aerospace & Defense
      • Attorneys and Legal Services
      • Architectural, Engineering and Surveying Services
      • Banking and Financial Services
      • Business Consulting and Professional Services
    • Retail, Restaurants, & Service Providers >
      • Arts & Entertainment
      • Auto / Trucks
      • Catering & Food Products
      • Child Care & Day Care
      • Cleaning Services
      • Contractors
      • Decorating & Organizing Services
      • Environmental Services & Recycling
      • Event Planning
      • Farm & Agriculture
      • Fitness & Wellness
      • Health Care
      • Home & Garden
      • Hotels & Conference Centers
      • Moving & Storage
      • Personal Development & Coaching
      • Pet Care
      • Photography & Video Services
      • Restaurants & Bars
      • Retail Stores
      • Senior Care & Related Services
      • Shipping & Delivery
      • Travel & Leisure
    • Higher Education Partners
  • News & Info
    • Chamber Magazines
    • Coronavirus News
    • Business Resources
    • News Around the Chamber >
      • Submit a Press Release
      • Submit a Neighbors Helping Neighbors Story
    • MCCC Blog >
      • Contribute to Our Blog
    • Chamber Newsletters
    • Social Media
  • Programs
    • Economic Development Corp.
    • Executive Council Program
    • Women in Business Executive Round Table
    • Morris Chamber Toastmasters
    • Mentor Morris
    • Entrepreneur Roundtable
    • Morris Mastermind
    • Leadership Morris >
      • Leadership Morris FAQs
      • Leadership Morris Application
      • Leadership Morris Program
      • Leadership Morris Alumni Council
    • Work-Based Learning Internship Program
  • MCTV
    • MCTV Let's Talk
    • Video Library
    • Member Spotlights
  • Member Login