by The Academy of Special Needs Planners | May 4, 2023 | News
For special needs planners, the potential passage of the SECURE Act 2.0 later this year could mean many more clients will become eligible to open an ABLE savings account. ABLE to Save Month With August nearly here – marking National ABLE to Save Month – it may be an...
by The Academy of Special Needs Planners | May 4, 2023 | News
If you are an individual with a disability who holds an ABLE account, your annual contributions to this type of account generally must not exceed $17,000 a year, as of 2023. However, ABLE account owners who are employed can contribute their work income to this type of...
by The Academy of Special Needs Planners | May 1, 2023 | News
Those who obtain a workers’ compensation settlement for future medical expenses must create a Medicare Set-Aside (MSA) Account to preserve their eligibility for Medicare. This separate, interest-bearing account pays for medical costs related to the worker’s injury....
by The Academy of Special Needs Planners | May 1, 2023 | News
Special needs planning question: Is there any way to use the funds in your Medicare Set-Aside (MSA) trust even if you don’t need further treatment for your injury? Answer: Funds in a MSA can be used to cover medical expenses set out in the MSA agreement even if...
by The Academy of Special Needs Planners | Apr 21, 2023 | News
Trustees of special needs trusts generally have wide discretion in determining whether to distribute funds to trust beneficiaries. One of a trustee’s main concerns lies with the beneficiary’s continued eligibility for public benefits. For example, a special needs...
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