Update on 2025 Social Security Disability Benefits Payouts
If you rely on Social Security disability benefits programs such as Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI), the year ahead will offer a somewhat minimal amount of relief financially.
Can Both Spouses Claim Social Security Disability Insurance?
When claiming Social Security Disability Insurance (SSDI) benefits, each spouse must meet the eligibility criteria independently. SSDI considers your individual work history and earnings to qualify.
The Exceptional Family Member Program (EFMP)
Military members who have a dependent living with a disability may face unique challenges. Their loved one may need special medical care or tailored educational services. The Execptional Family Member Program provides support for these families.
I Don’t Need SSI or Medicaid. Why Get a Special Needs Trust?
There are many benefits to having a special needs trust that go far beyond the ability to maintain eligibility for SSI or Medicaid. For example, although Social Security Disability Insurance does not have asset or income requirements, this does not mean that SSDI beneficiaries should not have special needs trusts.
Bill Would Make Expiring ABLE Account Provisions Permanent
The Tax Cuts and Jobs Act (TCJA) of 2017 made significant changes to the U.S. tax code. Many of its provisions are set to expire, or “sunset,” at the end of 2025. It also made three key changes to ABLE accounts that are scheduled to expire in 2025.
ABLE Accounts Can Play a Key Role in Special Needs Plans
ABLE accounts can enhance quality of life for people with disabilities, offering financial protection while preserving access to public benefits for some individuals.
Funding a Special Needs Trust With a Structured Settlement
A structured settlement is ideally suited as partial or full funding for a first-party special needs trust with a disabled beneficiary. It also lowers administration costs since only trust assets are subject to fees.
Voting Rights for People With Disabilities
Federal civil rights laws are in place to prevent discrimination against Americans who need certain accommodations when voting.
SSA Names 9 New Compassionate Allowance Conditions in 2024
This past month, the Social Security Administration expanded its Compassionate Allowances list by nine additional conditions.
Financial Help for Parents of Children With Special Needs
Parents of children with disabilities often face extra financial challenges. Understanding available resources is crucial in ensuring that their children receive the necessary care without undue financial burden.