Support Your Child With Disabilities and Qualify for Medicaid

Planning is imperative for your loved one with special needs. However, that plan must be done in advance.

If you have a child with a disability, providing for them into the future will likely stand among your top priorities. However, if you also wish to apply for Medicaid to cover your own long-term care expenses, first consider establishing a special needs trust (SNT) for your child.

A Special Needs Trust allows you to transfer assets to support them while remaining eligible for Medicaid yourself.

The rules for participating in Medicaid are stringent and complex. You must demonstrate that your income and assets are below the limits set by your state before Medicaid will fund their long-term care.

Anyone with more than $2,000 (in most states) in “countable assets” (generally, anything beyond their home, one automobile, and personal belongings) will not qualify.

BEWARE: - With “look-back periods” in place, you can’t just give your money away and expect immediate support from the program.

Contact us now and get your Special Needs Trust established.