by The Academy of Special Needs Planners | Feb 19, 2024 | Uncategorized
Bipartisan legislation recently reintroduced in the House of Representatives aims to modernize a number of outdated rules regarding Supplemental Security Income (SSI) eligibility. The federal government enacted SSI in 1972 under President Nixon, and yet many of the...
by The Academy of Special Needs Planners | Feb 13, 2024 | Uncategorized
Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) are both federal health care programs that provide cash payments to people who meet the federal definition of “disabled.” But the similarities between the two programs end there. What...
by The Academy of Special Needs Planners | Feb 12, 2024 | Uncategorized
A special needs trust (SNT) allows you to meet your needs while receiving government benefits, such as Medicaid and Supplemental Security Income (SSI). When you have a special needs trust, you can use it to pay for goods and services government benefits do not cover,...
by The Academy of Special Needs Planners | Feb 5, 2024 | Uncategorized
Special needs trusts come in three main flavors — first-party special needs trusts, third-party special needs trusts, and pooled trusts. All three trust varieties are designed to manage resources for a person with special needs so that the beneficiary can still...
by The Academy of Special Needs Planners | Feb 2, 2024 | Uncategorized
Funds held in a properly drafted special needs trust (SNT) will not affect a Supplemental Security Income (SSI) or Medicaid recipient’s benefits. However, funds disbursed in a manner that violates SSI or Medicaid rules can impact these benefits. It is important to...
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