Search results for: supplemental security income
UNEARNED INCOME
What is unearned income? Per the Social Security Administration (SSA) and the rules pertaining to Supplemental Security Income (SSI), any amount of money received (not earned) by a beneficiary who receives SSI benefits is referred to as unearned income. If a beneficiary receives any money will reduce a beneficiary’s Supplemental Security Income (SSI) benefits on a dollar-for-dollar basis. Common Types of Unearned Income Gifts (form…
Read MoreOVERPAYMENTS FROM THE SOCIAL SECURITY ADMINISTRATION
What are overpayments? According to the Social Security Administration (SSA), an overpayment is when a recipient of Supplemental Security Income (SSI) benefits receives more money for a month than he or should have been paid by the Social Security Administration (SSA). How Could I Receive an Overpayment?There are several reasons as to how come an individual received an overpayment. Those…
Read MoreWHY IS MY MARITAL STATUS IMPORTANT TO THE SOCIAL SECURITY ADMINISTRATION?
The Social Security Administration (SSA) has different guidelines for individuals that are single or unmarried and for individuals who are married when determining benefit eligibility. Since Supplemental Security Income (SSI) is a needs-based program, the Social Security Administration (SSA) reviews various factors such as income, resources, age, citizenship, and other eligibility requirements. When the Social Security Administration (SSA) reviews eligibility for…
Read MoreCAN THE SOCIAL SECURITY ADMINISTRATION CHECK MY CHECKING AND/OR SAVINGS ACCOUNT?
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…
Read MoreLaguna Honda Mass Leads
Laguna Honda Mass Leads Phone: 855-278-7681Email: join@cptcharity.org Why Choose CPT 1. Expertise in Special Needs Trust CPT Institute specializes exclusively in the administration of special needs trusts, ensuring beneficiaries maintain eligibility for vital public assistance programs like SSI and Medicaid. 2. Non-Profit Status As a mission-driven non-profit, CPT Institute serves the best interests of clients—not…
Read MoreUnderstanding the SSA Overpayment Policy: A Closer Look
By: William Lindahl, Executive Director The Social Security Administration (SSA) recently announced a significant change in its overpayment recovery policy. After a year of limiting the recovery rate to 10% due to public outcry, the SSA is now reverting to a 100% recovery rate for overpayments. This change will take effect on March 27, affecting…
Read MoreCenters
Center for Special Needs Trust Administration – What Happened To The Centers Phone: 813-687-8818 Email: join@cptcharity.org Contact Us DONATE Fees OPT-IN Opt-In Spanish OPT-Out Center for Special Needs Trust Administration – What You Need To Know The founder of the Center for Special Needs Administration, a St. Petersburg, Fla. nonprofit that administers Pooled Trusts and…
Read MoreGame-Changer for SSI: Beginning Today, SSA Overhauls Food and Rent Rules, Boosting Benefits for Millions
By: William Lindahl, Executive Director September 1, 2024 marks a significant transformation for Supplemental Security Income (SSI) beneficiaries as the Social Security Administration (SSA) implements new rules that overhaul how rent subsidies and food assistance are handled. These changes will expand eligibility for SSI, increase monthly benefit amounts for many recipients, and simplify the application…
Read MoreWhat is a (D)(4)(c) Special Needs Trust and can it be transferred to a Pooled Special Needs Trust?
By: William Lindahl, Executive Director A (D)(4)(C) Special Needs Trust, also known as a Pooled Trust, is a type of trust designed to benefit individuals with disabilities without jeopardizing their eligibility for government assistance programs such as Medicaid and Supplemental Security Income (SSI). This trust is established and managed by a nonprofit organization that pools the resources…
Read MoreUnderstanding the Value of a Pooled Special Needs Trust with CPT Institute for Elderlaw Attorneys
As an Elderlaw attorney, you are well aware that protecting the financial future of clients with special needs is a complex but critical task. One of the most effective tools at your disposal is a Pooled Special Needs Trust (PSNT). Partnering with a knowledgeable and experienced non-profit trustee organization like the CPT Institute can provide…
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