Search results for: supplemental security income
A Spend Down: When a Special Needs Trust Isn’t the Best Option
A Spend Down: When a Special Needs Trust Isn’t the Best Option WHAT IS A SPEND DOWN? For an individual receiving Supplemental Security Income (SSI) and/or Medicaid, a “Spend Down” literally refers to spending excess money that he/she receives within a calendar month to maintain eligibility for public benefits. This is allowable because SSI determines…
Read MoreSSA POMS
SSA POMS Social Security Administrations Program Operations Manual System The POM’S is a primary source of information used by Social Security employees to process claims for Social Security benefits. The public version of POMS is identical to the version used by Social Security employees except that it does not include internal data entry and sensitive…
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Solutions A brief comparison of all the programs offered by CPT First-Party Special Needs Trust (SNT) Used to preserve eligibility for means-tested benefits such as Medicaid and/or Supplemental Security Income. Preserves eligibility for individuals utilizing a Medicare Set-Aside (a countable asset for means-tested benefits). Learn More Third-Party Special Needs Trust Funds given to the recipient…
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For over 25 years, we served over 10,000 clients across 48 states as one of the lowest cost national non-profit trustee. Why Choose CPT The nation’s most advanced Special Needs Trust company, known for our transparent flat fees, cutting-edge technology, and a strong commitment to compliance. As a 501(c)(3) nonprofit trustee, CPT Institute is dedicated…
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CPT Institute The nation’s most advanced Special Needs Trust company, known for our transparent flat fees, cutting-edge technology, and a strong commitment to compliance. Contact Us CPT Institute: Proudly Selected as the Preferred Partner for The Center’s Special Needs Trust Administration With a foundation built on transparency and integrity, CPT Institute is honored to be entrusted with this…
Read MoreHOW THE 2018 POMS UPDATE AFFECTS TRUST BENEFICIARIES
How the 2018 POMS Update Affects Trust Beneficiaries By Cameron Lindahl, M.S. and David Lillesand, J.D The Social Security Administration (SSA) released amendments to the Program Operations Manual System (POMS) this year and changed many of the ways recipients of Supplemental Security Income (SSI), and in some cases Medicaid, can utilize their Special Needs Trusts…
Read MoreWHAT IF A BENEFICIARY RECEIVES A FEDERAL TAX REFUND?
What if a Beneficiary Receives a Federal Tax Refund? Sara Toor, M.A. & Cameron Lindahl, M.S. When beneficiaries file taxes they may receive a federal tax refund and even a state refund. According to the federal law, if a beneficiary receives Supplemental Security Income (SSI) and/or Medicaid and receives a federal tax refund, the refund is…
Read MoreADDRESSING SSI OVERPAYMENTS IN DEPTH
Addressing SSI Overpayments in Depth Sara Toor, M.A. & Cameron Lindahl, M.S. What is an Overpayment?The Social Security Administration (SSA) describes an overpayment as an individual receiving more money for a month than the amount an individual should have received. Basically, the amount of the overpayment is the difference between the amount the individual received and the actual amount…
Read MoreRECEIVING CHILD SUPPORT PAYMENTS AND ITS IMPACT ON CHILD’S SSI BENEFITS
Receiving Child Support Payments and its Impact on Child’s SSI Benefits William Lindahl, MBA, CLPF & Sara Toor, M.A The Social Security Administration (SSA) defines child support payments as “a payment from a parent to meet the child’s needs for food and shelter. Child support can be in cash or in-kind; it can be voluntary…
Read MoreHOLDING ON TO UNCASHED CHECKS
Holding on to Uncashed Checks William Lindahl, MBA, CLPF & Sara Toor, M.A Individuals generally think that if that they receive a check in their name and do not cash it, it will not be counted as income if they are receiving Supplemental Security Income (SSI). According to the Code of Federal Regulations 20 CFR…
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