Category archives: Social Security Income
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2 months ago
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Social Security payments are set to grow next year, although for some recipients the extra income will be slightly offset by an increase in Medicare premiums and deductibles.
Announced by the Social Security Administration (SSA) on October 11, 2018, and effective December 31, Social Security pay... [read more]
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3 months ago
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For many families, Section 529 College Savings Plans are an excellent investment tool when saving money for their child’s educational expenses. But if the child obtains Supplemental Security Income (SSI) benefits, families should be cautious in using a Section 529 plan.
529 plans, named for a pro... [read more]
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7 months ago
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Trustees of special needs trusts are increasingly relying on “administrator-managed prepaid debit cards,” such as True Link cards, when disbursing funds to beneficiaries. These cards offer trust beneficiaries greater independence and the ability to get what they need more quickly. But such cards e... [read more]
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8 months ago
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Supplemental Security Income (SSI) is a federal program that helps people with disabilities and very low incomes pay for food, clothing and shelter. SSI is often confused with Social Security Disability Insurance (SSDI). One of the main differences between the two programs is that SSDI is available ... [read more]
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9 months ago
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As rental housing prices continue to escalate nationwide, particularly in urban centers, low-income people with disabilities are finding it increasingly difficult to find affordable housing.
The Technical Assistance Collaborative and the Consortium for Citizens with Disabilities recently rele... [read more]
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11 months ago
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Although Supplemental Security Income (SSI) recipients are subject to rigid asset limits, the federal government has provided a few avenues for beneficiaries to earn income that supplements their SSI benefit.
The Social Security Act imposes a $2,000 asset limit on SSI beneficiaries, a figure that... [read more]
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11 months ago
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In guidance released to state Medicaid agencies, the Trump administration announced January 11 that it would allow states to experiment with creating work requirements for certain recipients of federal Medicaid benefits. In states adopting the guidance, some Medicaid recipients would be required to... [read more]
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1 year ago
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Next year, Social Security recipients will see a 2 percent raise in benefits, the largest increase in six years.
For Social Security Disability Insurance (SSDI) recipients, the average monthly benefit will go up from $1,170 to $1,180, not including people who are blind, for whom the monthly r... [read more]
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1 year ago
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ABLE accounts are a great new savings tool for individuals with disabilities, but not all people with disabilities are eligible to open these accounts. The rules for determining eligibility are for the most part uncomplicated, although one requirement is proving controversial.
Created by Con... [read more]
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1 year ago
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In 2018, Social Security recipients will get their largest cost of living increase in benefits since 2012, but the additional income will likely be largely eaten up by higher Medicare Part B premiums.
Cost of living increases are tied to the consumer price index, and an upturn in inflation rates ... [read more]
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1 year ago
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We have previously written about the pros and cons of ABLE (Achieving a Better Life Experience Act of 2014) accounts. These accounts allow many people with disabilities or their families to establish tax-free savings accounts that won’t affect their ability to qualify for, or remain on, government a... [read more]
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1 year ago
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Those with special needs often cannot get by without housing assistance from federal programs like the Section 8 Housing Choice Voucher Program. For example, while many people with special needs are on Supplemental Security Income (SSI), the average rent for a modest one-bedroom rental unit is equal... [read more]
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