Sentences with phrase «supplemental needs trusts»

Sometimes known as supplemental needs trusts, these trusts are most useful when the beneficiary does not have the legal capacity to handle their own finances or care.

Supplemental Needs Trusts must be irrevocable.

The trustee will first have to obtain the state Medicaid office's approval for the Supplemental Needs Trust, certifying that it is exempt from the resource and income limitation rules that determine eligibility for means - tested benefits.

These programs will then ignore the surplus funds held in Connor's Supplemental Needs Trust and won't count distributions from the trust for his supplemental needs as «in - kind support and maintenance,» which might disrupt Connor's means - tested eligibility.

The Supplemental Needs Trust won't be funded until both Connor's parents die and won't further erode those Medicaid waiver program entitlements.

A Supplemental Needs Trust is a document that allows the beneficiary to enjoy the benefits of a Trust, while still maintaining eligibility for Medicaid and certain other government entitlement programs.

Special needs trusts can also be referred to as a Supplemental Needs Trust.

Not exact matches

A special needs trust lets parents, other family members and other interested parties contribute funds for the benefit of a disabled person, while also enabling him or her to still receive means - tested benefits such as Medicaid and Security Supplemental Income (SSI).

Money in a special needs trust can cover supplemental needs not covered by Medicaid and SSI, such as recreation and dental and vision costs.

If you need help finding supplemental HIV or AIDS insurance, a local member agent in the Trusted Choice ® network can help you review options from multiple insurance companies and government supplemental coverage plans.

Find a local member agent in the Trusted Choice ® network who can help you compare supplemental health insurance companies and find the right coverage for your needs.

If settlement proceeds (taken as a lump sum, a structured settlement or some combination) are placed in a properly drafted supplemental (special) needs trust (SNT), they will not impact the plaintiff's eligibility for ongoing support from government funded programs.

A special needs trust is used to ensure a loved one who is disabled and needs long - term care or other assistance can use the money and property in the trust without jeopardizing Supplemental Security Income and Medicaid benefits.

Find a local member agent in the Trusted Choice ® network who can help you compare supplemental health insurance companies and find the right coverage for your needs.

They also allow the trust to provide support to the named guardian while still allowing the beneficiary to qualify for public, needs - based benefit programs (Medicaid and Supplemental Security Income).

Because of the diverse coverage needs that businesses in different industries have, it is beneficial to work with a Trusted Choice agent who can recommend supplemental property - coverage offerings such as inland marine insurance and boiler and machinery insurance, which you may want to add to your policy package if they are appropriate to your business.