Medicaid (Medi-Cal), SSI, and Special Needs Trusts

Medicaid is a government health insurance program for people who have very limited financial resources. In California, the program is called Medi-Cal. You do not have to be disabled to qualify for Medicaid, but many people with special needs are unable to earn much income. As a result, they qualify for Medicaid or Medi-Cal, and this coverage is extremely important for people with disabilities. The acronym SSI stands for Supplemental Security Income. As the name would suggest, this is a government program that provides an ongoing source of income for disabled people who are not in a position to earn much on their own. Financial Status To qualify for these programs, you must be able to demonstrate a significant level of financial need. If you apply for benefits on a given day, your financial status at that time is going to be used to determine your eligibility. You may be approved at that time, but your eligibility could be forfeited if your financial status was to improve. Estate Plann
http://www.norcalplanners.com/blog/special-needs-planning/medicaid-ssi-special-trusts/

Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s