Category: POMS

What are CPT Institute's Responsibilities as Trustee?

4/16/2018

What are CPT Institute's Responsibilities as Trustee?
By Cameron Lindahl M.S. and Sara Toor M.A

Before addressing this topic, it is important to note that books have been dedicated to this sole topic, and those publications are still not entirely comprehensive. The purpose of this blog is to simply provide a general overview of what it means to be a Trustee of a Special Needs Trust (SNT). It is important to note that no rule is absolute when making decisions regarding the administration of an SNT. Every decision a Trustee makes is based on a multitude of variables such as: prudent investment rules, state Medicaid rules, Social Security Administration’s (SSA) Procedure Operating Manual System (POMS), labor laws, case law, probate codes, etc.

Overview

0 Comments

Can the Social Security Administration Check My Checking and/or Savings Account?

9/15/2016

0 Comments

According to the Social Security Administration’s (SSA) POMS: SI 01140.200, Access to Financial Institutions (AFI) is in motion in all fifty (50) states). What does this mean? The Social Security Administration (SSA) is able view and request an applicant’s bank account balance data via the eAFI subsystem and the e4641 website. Why? This will allow the Social Security Administration (SSA) determine Supplemental Security Income (SSI) eligibility and re-determinations.

0 Comments

Excluded/Exempt Resources

8/29/2016

0 Comments

Excluded Resources are assets that are not included or counted when the Social Security Administration (SSA) determines a beneficiary’s eligibility for Supplemental Security Income (SSI). Keep in mind, a beneficiary’s individual assets cannot exceed the $2,000 limit $3,000 for a couples. With exempt resources, some items or assets are allowed to be possessed by the beneficiary without being counted in the $2,000 asset limit.

0 Comments

Importance of Submitting Receipts/Invoices to Trustee for Reimbursement of Payment

8/22/2016

0 Comments

Keeping an accurate record of which items, goods, or services were paid on behalf of a beneficiary is one of many responsibilities a trustee has when administering a Special Needs Trust. In the event of an audit from the Social Security Administration (SSA), the trustee (CPT), would have to adequately provide necessary documents to ensure that the reimbursement was in fact for the sole benefit of the beneficiary and was for the specific item, good, or service that is to be reimbursed.

0 Comments

CPT Blog

What are CPT Institute's Responsibilities as Trustee?

What are CPT Institute's Responsibilities as Trustee?
By Cameron Lindahl M.S. and Sara Toor M.A

Can the Social Security Administration Check My Checking and/or Savings Account?

Excluded/Exempt Resources

Importance of Submitting Receipts/Invoices to Trustee for Reimbursement of Payment

Authors

Archives

Categories

Location

Contact Us

Download Apps

Search

CPT Blog

What are CPT Institute's Responsibilities as Trustee?

What are CPT Institute's Responsibilities as Trustee?By Cameron Lindahl M.S. and Sara Toor M.A

Can the Social Security Administration Check My Checking and/or Savings Account?

Excluded/Exempt Resources

Importance of Submitting Receipts/Invoices to Trustee for Reimbursement of Payment

Authors

Archives

Categories

Location

Contact Us

Download Apps

Search

What are CPT Institute's Responsibilities as Trustee?
By Cameron Lindahl M.S. and Sara Toor M.A