When people talk about disability benefits, there is often confusion about Social Security and Supplemental Security Income (SSI). This is understandable because the Social Security Administration (SSA) administers both programs. However, the programs are different.
SSI disability benefits are paid to people who have a disability and who do not have assets valued over $2,000 and/or have a limited income. SSI and Medicaid are very important for people with disabilities in need, as they provide cash benefits as well as important medical coverage and long- term supports and services.
Cash benefits are paid by Social Security to a person with special needs through SSI (Supplemental Security Income), SSA (Social Security Survivor/Retirement Benefits) and/or SSDI (Social Security Disability Income).
Lifetime Cash Benefits between ages 18 and 80 will exceed $1,000,000...Without proper planning these funds and healthcare benefits may be reduced or lost!
Eminent Special Needs Planning, LLC
*IN PARTNERSHIP WITH BART STEVENS SPECIAL NEEDS PLANNING, LLC
Nic(ole) Kuck
Executive Director, Special Needs Planner
**generally tax-deductible
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