Over the Resource Limit for SSI or Medicaid?
Автор: NYSARC, Inc. dba The Arc New York
Загружено: 2021-08-20
Просмотров: 17326
If you or someone you know is over the resource limit for SSI or Medicaid, you have a few options to help them spend that money down below the limits in order to maintain the person’s eligibility for services. In this video, we will explain how a NYSARC Community Trust can help people with disabilities in these situations.
NYSARC Trust Services administers pooled special needs trusts and each year we help thousands of people with disabilities and qualifying adults protect funds in order to qualify and maintain their financial eligibility for means-tested government benefits. We will review common scenarios when you might consider using a trust, answer frequently asked questions, and demonstrate the unique advantages of this program.
Our team is available and happy to assist you! For more information, call (518) 439-8323 or visit www.nysarctrustservices.org.
UPDATE MADE: As of August 2021, the Social Security Administration (SSA) updated its policy regarding stimulus payments and these funds no longer count as an available resource for SSI purposes and will not affect a person's SSI payment amount. See SSA website for more information: https://www.ssa.gov/coronavirus/
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