Search results for: supplemental security income

Why Use a Settlement Management Trust? To view this resource in a different language – Please watch this helpful video. The ideal candidate for a Settlement Management Trust (SMT) is an individual who needs an independent third-party trustee to protect his/her interests. The purpose of a SMT is to protect individuals who may be vulnerable…

Case Scenarios To view this resource in a different language – Please watch this helpful video. Case Scenario Frequently Used Terms SNT = Special Needs Trust | ACA = Affordable Care Act PMV = Presumed Maximum Value | SSI = Supplemental Security Income | IHSS = In Home Support Services Case 1: What is the…

Distinguishing the Different Medicaid Programs To view this resource in a different language – Please watch this helpful video. Medicaid is an assistance program. It serves disabled and low-income people of every age. A small co-payment is sometimes required. Medicaid is a federal program and its eligibility criteria varies from state to state. A Special…

3-4-3 Packet To view this resource in a different language – Please watch this helpful video. 3 Non-Negotiable Rules The three rules below must be followed to protect Supplemental Security Income (SSI) and Medicaid. 1. All requests must benefit the Trust Beneficiary. Disbursements must be for the “primary benefit” of the trust beneficiary. In other…

Payment of Food & Shelter To view this resource in a different language – Please watch this helpful video. Generally speaking, trust funds should not be used to pay a trust beneficiary’s food and/or shelter expenses. Paying these items will reduce a beneficiary’s Supplemental Security Income (SSI) check. However, it may be necessary. Social Security…

Are you risking your, your family members, or your client’s government benefits? To view this resource in a different language – Please watch this helpful video. If you see Red or Yellow, SLOW DOWN. Book a no-cost consultation with CPT Institute. Means-Tested Benefits(Needs Based) Resource and Income test required for eligibility Includes Supplemental Security Income…

3rd Party Special Needs Trust Third-Party Special Needs Trusts are established using assets from someone other than the individual living with disabilities. Typically established by a loved one while living or through specific language in a living will specifically designating funds to be placed into a Third-Party Trust. It preserves eligibility for Medicaid and/or SSI.…

BASICS OF A SETTLEMENT MGMT TRUST (SMT) WHY USE A SETTLEMENT MANAGEMENT TRUST? The ideal candidate for a SMT is an individual who needs an independent third-party trustee to protect his/her interests. The purpose of a Settlement Management Trust (SMT) is to preserve individuals that may be vulnerable to financial abuse or have the inability to…

FIRST PARTY SPECIAL NEEDS TRUST (SNT) WHY USE A SNT & LEGAL AUTHORITY The main purpose of a Special Needs Trust is to preserve current and future eligibility for two government benefits: Medicaid and/or Supplement Security Income (SSI). The legal authority for a SNT can be found under 42 U.S.C. §1396p(d)(4)(C). CPT Institute offers a…