Learn why Trump Account balances could push young adults with disabilities over the strict asset limit for Supplemental Security Income (SSI), putting their SSI and Medicaid coverage at risk.
Guest author: Jeff Rabin, JD Have you ever wondered how SSDI and SSI programs are funded, or how the Social Security Administration decides whether someone has a disability? What evidence should you be collecting now,
Takeaways Imagine surviving on less than $1,000 a month and being told that if you save even a modest emergency fund, you could lose the cash assistance you depend on. That is the reality for
Takeaways Retirement plans typically make up a significant portion of the assets of parents who have children with special needs, as well as individuals who become disabled as adults. For families planning around disability, this
Takeaways If you (or your child) are about to receive a personal injury settlement and you also receive or may need Medicaid or Supplemental Security Income (SSI), you should assume one thing until a professional confirms otherwise:
Takeaways A child with a disability whose parent becomes disabled, retires, or dies, may qualify for Social Security Disability Insurance (SSDI) benefits on the parents’ work record. When those benefits are paid to an adult child
Takeaways A quarter of households in the United States include at least one family member with a disability. These families grapple with complex legal and financial issues. What will happen to the individual with a disability when
Takeaways Why Housing Creates Benefit Problems — and Why ABLE Is Different Housing is often the single biggest barrier to independence for eligible individuals with disabilities who rely on Supplemental Security Income (SSI) and Medicaid. Even when families
UTMA Accounts: A Problem for Individuals With Disabilities Uniform Transfers to Minors Act (UTMA) accounts are popular, inexpensive tools for gifting assets to children. Grandparents, parents, and other relatives often use them to set aside
Takeaways If you have a disability that prevents you from working, you may choose to apply for Social Security disability benefits. The federal government provides income to individuals with disabilities through two programs: The Social Security
