What Is a Special Needs Trust?
A special needs trust can allow individuals with special needs to preserve assets that will enhance their quality of life while allowing them to remain eligible for needs-based public benefits like Medicaid and SSI.
A special needs trust can allow individuals with special needs to preserve assets that will enhance their quality of life while allowing them to remain eligible for needs-based public benefits like Medicaid and SSI.
Although it took more than a year of back and forth, a comprehensive health care reform bill and an associated reconciliation bill finally passed both houses of Congress. We have highlighted some of the most important features of health care...
Some special needs trusts may be eligible for considerable tax savings. Here's how.
Social Security Disability Insurance (SSDI) is one of the major federal programs that provides monetary assistance to people with disabilities. Although the lack of strict financial standards makes SSDI benefits easier to manage once they are obtained, not everyone with...
For adults receiving Social Security Disability Income (SSDI) payments, the Social Security Administration offers several programs to encourage beneficiaries to work. The best-known program, the Ticket to Work Plan, is a somewhat complicated program designed to offer beneficiaries a way...
Because SSI's income and resource limits are so restrictive, it pays to know the basics about the program before deciding whether it is right for you or your family member.
If you have a child with special needs who requires an institutional level of care that can be provided in your home instead of in a hospital or other institution, the Katie Beckett Medicaid Waiver program may allow you to...
The PASS program allows SSI beneficiaries to use their non-SSI income to pay for job training or to start a business. If beneficiaries follow the complicated rules governing the program, the Social Security Administration will not count income used for...
In many states, full Medicaid coverage is often equal to, or even better than, many private health insurance plans, allowing SSI beneficiaries and other Medicaid recipients to effectively manage their illness or disability. However, many Medicaid recipients don't realize that...
