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Latest Richard L. Kaplan Stories

2011-06-09 15:02:17

A recent U.S. Supreme Court decision could have a great deal of significance for employees and retirees with a private pension plan, a University of Illinois elder law expert says. According to law professor Richard L. Kaplan, an expert on taxation and retirement issues, the high court's ruling in Cigna Corp. v. Amara paves the way for monetary damages when companies misrepresent changes they make to employee pension plans. "The ruling says that when an employer changes its retirement plan,...

2011-04-08 13:49:27

House Budget Committee Chairman Paul Ryan's proposal to change Medicare for those under age 55 is nothing short of a complete reconceptualization of the health insurance program, says a University of Illinois elder law expert. Richard L. Kaplan, a professor of law and expert on retirement issues, says the Ryan proposal would scrap Medicare's current defined-benefit program in favor of a defined-contribution arrangement in which the government would provide seniors with a stipulated amount of...

2011-02-08 22:37:47

Although the effects of the controversial health care reform act will be somewhat muted for many older Americans, it will inevitably have enough of an impact that seniors will discover that there is plenty to like and dislike about the law, a University of Illinois expert on elder law cautions in published research. Law professor Richard L. Kaplan says the virtues of the Patient Protection and Affordable Care Act of 2010 are a "mixed bag," and how it will affect any one person depends on that...

2010-10-26 22:25:50

An obscure provision in the health care reform bill has the potential to seriously alter the long-term care landscape for older Americans, but it may not be as beneficial to retirees as it will be for near-retirees and successive generations of workers, new research by a University of Illinois elder law expert warns. Richard L. Kaplan, an expert on federal taxes and retirement issues, says the new federal entitlement program, known as Community Living Assistance Services and Supports, or...

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2010-10-14 14:25:00

A new law aimed at helping stimulate small business job growth through tax deductions could have major consequences for anyone with a retirement savings account at work, a University of Illinois expert on taxation and elder law notes. Law professor Richard L. Kaplan says an obscure provision in the recently enacted Small Business Jobs Act allows 401(k), 403(b) or 457 account holders to convert their retirement savings into a tax-advantaged Roth-version of the same account. The good news,...

2009-08-19 00:52:30

A 1992 change in accounting standards may result in healthcare benefits being scaled back for retired government workers, a U.S. researcher says. Richard L. Kaplan, a University of Illinois elder law expert warns, a 20-year trend of stripping away employer-provided healthcare benefits for retirees in private business may hit government retirees as well. This year, the same accounting requirements that require employers to project future healthcare costs that affect private sector retirees...

2009-08-18 16:55:28

A nearly two-decade trend that is stripping away employer-provided health-care benefits for retirees in private business will likely continue and could soon hit an even deeper pool of government retirees, new research by a University of Illinois elder law expert warns.Richard L. Kaplan says the steady erosion of private sector benefits stems largely from a 1992 change in accounting standards that requires employers to project future coverage costs, rather than just booking expenses when...

2008-12-09 16:41:40

Once-healthy nest eggs -- some down by 45 percent -- could leave retirees unable to pay for long-term care costs, a U.S. researcher said. University of Illinois Law Professor Richard L. Kaplan says many older investors also may now be short of funds for costly long-term medical care such as nursing homes if their health fails during their golden years. It costs an average $77,000 for a year's stay in a nursing home, Kaplan said. Some may take a second look at long-term care insurance, but...

2008-09-09 21:00:16

More than three of every four U.S. seniors reduce their monthly Social Security checks for life by claiming benefits early, researchers said. Richard L. Kaplan of the University of Illinois has written a guide, published in the Journal of Retirement Planning, to help people decide when to start collecting Social Security benefits. The guide covers a myriad of variables, including the implications of tapping early retirement benefits -- available at age 62 -- rather than waiting until...

2005-11-15 16:32:17

CHAMPAIGN, Ill. -- If many seniors are scratching their heads about the new Medicare prescription drug plan, so are the experts. "A prescription for confusion" is how Richard L. Kaplan, a professor of law at the University of Illinois, characterizes the new drug benefit, whose enrollment period begins today for Americans aged 65 years and older. Kaplan describes the plan as "fashioned like no other pharmaceutical coverage in the world." For starters, the program, known as Medicare Part D,...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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