Asset Limit Test Update

In this blog, I will discuss some of the implications associated with the passage of Assembly Bill (AB) 133, effective January 1, 2024, more specifically, the removal of the Asset Test for Non-MAGI Medi-Cal recipients in California. Before discussing the impact of these changes on how you work with your client, remember that this only applies…

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Supplemental Security Income (SSI) Basics

What is Supplemental Security Income Supplemental Security Income (SSI) provides monthly payments to people with disabilities and older adults with little or no income or resources. Eligibility To be eligible for SSI, an individual must be disabled and poor. There is a “Resource Test” – measured only once each month and an “Income Test” –…

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Medicare Refresher

As a refresher, traditional Medicare comes in four parts. Part A for hospital benefits (free). Part B pays for your doctors; the monthly premium costs $164, subtracted from their SSDI, DAC, or RIB check. Part C is commonly referred to as Medicare Advantage Plans (they replace parts A and B) but adds vision and dental.…

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Can my Adult Disabled Child Get SSDI?

Yes, if either parent has worked sufficient work quarters and either parent is collecting Social Security Disability Insurance (SSDI) or Social Security Retirement. The now adult disabled child can collect SSDI based on either parent’s work history. While living, the adult child will be eligible to receive fifty percent of the parent with the highest…

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Hearing Help from CPT Institute

How can CPT(Community and Professional Training)Institute help at your hearings as a nationwide non-profit trustee and 501(c)(3) charity? Whether you are setting up a Special Needs Trust (SNT), Pooled Special Needs Trust (PSNT), Minors Trust, or a Settlement Management Trust (SMT), having a member of our team at your hearing will help prevent a continuance.…

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Benefits from parents work history for those born with a disability prior to age 22

Can you imagine a circumstance where your child born with a disability could get Medicare and additional income for life?  Did you know that an individual born with a disability that affects their ability to maintain gainful employment and meets the Social Security Administration’s (SSA) strict definition of disabled can receive Social Security Disability Insurance…

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What Happens To My SSI and Medicaid Benefits If I Travel

If you travel outside the United States without taking proper precautions, you could lose your eligibility for Supplemental Security Income (SSI) and Medicaid POMS: SI 02301.225 you are ineligible if you are out of the country for a full calendar month or 30 consecutive days. Once you lose benefits, you can get reinstated, but you…

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A SPEND DOWN: WHEN A SPECIAL NEEDS TRUST ISN’T THE BEST OPTION

To be eligible for Supplemental Security Income (SSI), Medicaid, or In-home support services (IHSS), you cannot have assets in your name that are valued at more than $2,0001. If you have assets that exceed this limit, more than $2,000 dollars in most states, you may need a Special Needs Trust to protect ongoing eligibility for…

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Social Security Administration’s View on Automobiles/Vehicles

There are some items the Social Security Administration (SSA) considers exempt resources/assets. You are probably wondering, “What does that mean.” Such items are not counted against the $2,000 asset limit for individuals and the $3,000 asset limit for couples (Except California), are not counted in determining eligibility, and if a beneficiary has such items, will…

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CPT is No Longer Charging Additional Annual Administration Fees for MSA’s

Great news, we no longer charge additional annual administration fees for MSA’s held in our Special Needs Trusts.  www.cptinstitute.org  MSA funds are a countable resource for Supplemental Security Income (SSI) purposes. We are excited to offer a MSA Special Needs Trust without ongoing trustee fees. Just pay a one-time setup fee of $3,000 and no further fees shall…

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