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By: Sipi Gupta | July 09, 2019

Prior to ABLE, one of the only tools available to put money away for savings was a special needs trust. While SNTs remain great options for settlement proceeds, inheritances, and large gifts, etc., ABLE accounts can be used for smaller, more modest sums.  ABLE dramatically increases your ability to save money while retaining your health care and other benefits. The accounts are easy to set up, and easy to administer.  Click here for a very special webinar covering ABLE, SSI/SSD, and special education for your kid.

By: Sipi Gupta | June 17, 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 QMB.

Qualified Medicare Beneficiary (MSP)

Benefit:  Medicaid benefit; pays Medicare premiums, Medicare co-pays, and deductibles

Asset Limit: $7,730 single; $11,600 couple

Income Limit:  100% of FPG ($1,061 single; $1,430 couple)

By: Sipi Gupta | June 10, 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 MSP.

Medicare Savings Program

Benefit:  Medicaid programs to help low-income Medicare beneficiaries (QMB, SLMB, etc.)

Asset Limit: Yes

Income Limit:  Yes

Comments: Must be receiving SSDI, CDB, or 65+.  SNT may preserve eligibility if excess assets as with other Medicaid programs

 

By: Sipi Gupta | May 27, 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 Medicare.


Benefit:  Health insurance for recipients of social security retirement income and their spouse, SSDI, and CDB

Asset Limit:  None

Income Limit:  None

Comments: Medicare benefits do not start until 24 months after receipt of SSDI or CDB.  Retirees must be 65+

By: Sipi Gupta | April 11, 2019

Information about the legislation that we will discuss during our round table next week with Senator Casey and Anna Perng:  http://ablenrc.org/news/able-age-adjustment-bill-reintroduced-us-senate  Currently, in order to open an ABLE account, an individual's age of onset of disability must be 26 or younger.  The ABLE Age Adjustment Bill would increase access to ABLE accounts by permitting individuals with a disability age of onset of up to 46 to qualify.



By: Sipi Gupta | April 08, 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 spotlights on different benefit programs. Today, we take a look at SSDI:

Social Security Disability Income

Benefit: Cash benefit for disabled person who paid into social security and under full retirement age

Asset Limit: None

Income Limit: None

Comments:  Must have required work credits based on age and, if over age 30, at least 20 credits must be earned within prior 10 years

By: Sipi Gupta | April 08, 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 spotlights on different benefit programs. Today, we take a look at SSI:

Supplemental Security Income

Benefit: Cash benefit to low-income individuals with a disability or who are elderly

Asset Limit: $2,000, single; $3,000, couple.  Exemptions for: home, vehicle, burial arrangements

Income Limit:   In 2019, $771/mo (single) or $1,157/mo (couple) Income reduces benefit.  

Comments:  SNT w...

By: Sipi Gupta | May 22, 2017

A special needs trust cannot pay for food or shelter for an SSI beneficiary without affecting his benefits. But there is no penalty for paying for someone’s food or shelter while they are on SSDI. And if the SSDI beneficiary receives Medicare, there is no penalty there, either.

By: Sipi Gupta | May 20, 2017

The Kentucky attorney who called himself “Mr. Social Security” pleaded guilty to charges of theft of government money and payments to a federal judge for his role in defrauding the Social Security Administration (SSA). On March 24, Eric C. Conn admitted to working with doctors and an administrative law judge to procure $550 million in Social Security Disability Insurance (SSDI) benefits for clients who may not have been disabled. 

Attorney Conn built the third-largest disability benefits practice in the United States out of his tiny eastern Kentucky town of Pikeville.  The Wall Street Journal reported that he made $3.8 million from disability appeals in 2010 alone.  Under federal law, an attorney is entitle...

By: Sipi Gupta | May 02, 2017

If an SSI recipient gifts money, he could lose up to three years of SSI eligibility. In order to calculate the period of ineligibility, the amount transferred is divided by the transferor’s monthly SSI benefit (including state supplement), rounding the result up or down to the nearest whole number.

For example, Ekta, who receives SSI benefits ($757.10/month in 2017), receives $30,000 from her grandfather at his death. She gives her entire inheritance to her sister.

The Social Security Administration (SSA) divides the transferred amount ($30,000) by Ekta's SSI benefit ($757.10) to determine the ineligibility period (39.62 or, rounded up, 40 months). Ekta is ineligible for SSI for just over 3 years.

For more about transfers a...