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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…
Read MoreA 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…
Read MoreSocial 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…
Read MoreCPT 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…
Read MoreEvaluating the Rising Number of Pooled Trust Programs
By William Lindahl, MBA, CLPFExecutive Director at CPT Institute Pooled Special Needs Trusts (PSNT’s) were codified over 25 years ago when the Omnibus Budget Reconciliation Act (OBRA) was signed into law in 1993. So much has changed since then. Many PSNT providers have been able to develop a sophisticated and robust infrastructure that allows them…
Read More“Mind the gap” in government benefits caused by a settlement
Cameron Lindahl, Director of Advocacy at CPT Institute, recently published an article in the Consumer Attorneys of California (CAOC) Forum Magazine. The article discussed solutions available to applicant attorneys as well as policy changes affecting claims of injured persons.The purpose of the article is to help encourage applicant attorneys who work countless hours fighting for a settlement to “mind the…
Read MoreSPECIAL NEEDS TRUSTS: PROTECTION FOR YOU AND YOUR FAMILY, FUNDING FOR YOUR FUTURE
The following article addresses the advantages of utilizing a Special Needs Trust and a structured settlement annuity. This article also addresses the advantages of utilizing these services with CPT Institute and Chronovo. https://chronovo.com/special-needs-trusts-protection-for-you-and-your-family-funding-for-your-future/
Read MoreSPECIAL NEEDS TRUSTS: PROTECTION FOR YOU AND YOUR FAMILY, FUNDING FOR YOUR FUTURE
SPECIAL NEEDS TRUSTS: PROTECTION FOR YOU AND YOUR FAMILY, FUNDING FOR YOUR FUTURE By: Ken Paradis, CEO (Chronovo) and Cameron Lindahl, Trust Officer (CPT Institute) The following article addresses the advantages of utilizing a Special Needs Trust and a structured settlement annuity. This article also addresses the advantages of utilizing these services with CPT Institute and…
Read MoreWHAT HAPPENS TO MY SUPPLEMENTAL SECURITY INCOME (SSI) AND MEDICAID BENEFITS IF I TRAVEL?
What Happens to my Supplemental Security Income (SSI) and Medicaid Benefits if I Travel? By Cameron Lindahl M.S. and Sara Toor M.A. Without providing proper notice, recipients of SSI may terminate eligibility if he/she decides to travel. This includes taking trips within and outside of the United States. POMS SI 00501.410 states “an individual is not eligible…
Read MoreSTUDENT FINANCIAL AID AND ITS IMPACT ON SUPPLEMENTAL SECURITY INCOME (SSI)
Student Financial Aid and its Impact on Supplemental Security Income (SSI) By Sara Toor M.A. and Cameron Lindahl M.S. Did you know that an individual who is at least 18 years old and receives Supplemental Security Income (SSI) due to a disability can attend school and continue to receive SSI benefits as a student? This…
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