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By: Sipi Gupta | June 03, 2019

There are many federal government benefit programs available to individuals with disabilities. Programs are often referred to by confusing acronyms (LIHEAP, SNAP, QMB, to name just a few) and some programs are very different but sound similar (for instance, Medicare and Medicaid or SSI and SSDI). Stop in each week for a spotlight on a different benefit program. Today, we take a look at Medicaid.

Benefit:  Health insurance for individuals who elderly, have a disability, or are low-income

Asset Limit:  Yes; varies with specific program; most programs use same asset limit as SSI program

Income Limit:  Varies by state and Medicaid program; income can reduce benefit.  

Comments:  First-party SNT will protect assets of beneficiaries under 65; pooled SNT for assets of beneficiary 65+ (some states have transfer penalty / payback). Third-party inter vivos or testamentary SNT to protect assets for special needs beneficiary.