![]() Many clients do not fully understand which benefits they have, so the best practice is to get copies of their award letters. Social Security Disability (SSDI) and Medicare are the most common, but some forms of Medicaid are not means-tested. There are also entitlement benefits which are not means-tested therefore, they are not affected by income or assets. The list above includes the common means-tested benefits, but this is not an exhaustive list. If you write a check to your client for their net recovery and they have one of the benefits above, they will have an obligation to report it to the agency which oversees their benefit and will likely lose the benefit until they spend the money or deposit the funds in a special needs trust or an ABLE account. ![]() There are many assets which are exempt (not counted), such as a home, vehicle, and household effects but a personal injury recovery, while not taxable, is countable by nearly every public benefit program (the exception is assistance provided by the Department of Housing and Urban Development (HUD)). This threshold varies by program and by state, so it is important to understand exactly which benefits a client has. Those with means-tested benefits, such as Supplemental Security Income (SSI), Medicaid, housing benefits, or Supplemental Nutrition Assistance Program (SNAP) benefits, must keep their income and resources below a certain threshold (usually around $2,000) or risk losing their benefits. The reasons why are likely a combination of the limitations that apply to ABLE accounts and a lack of awareness, but for those who qualify and understand how to use them, ABLE accounts can make a world of difference.īefore delving into the intricacies of ABLE accounts and how they can help your client, you should first understand the problem they were created to solve. Worker’s Compensation Medicare Set-Asides (WCMSA)ĪBLE accounts, named for the Achieving a Better Life Experience Act, have been around since 2014 but remain underutilized across the country despite offering a way for people with disabilities and public benefits to save money without jeopardizing their public benefits eligibility.Medical Bill Clinic (Hospital / Provider Liens).Why partner with Synergy for lien resolution?.
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