submitted by Terry Lee Farber, RN, Esquire
Understandably, many people are busy with day-to-day life and may find it difficult to engage in planning for the future of their disabled child. However, proper planning for children receiving Social Security Insurance (SSI) and Medicaid is vitally important.
Children receiving SSI and Medicaid will lose those benefits if they own assets in excess of a statutory limit. As such, if he or she comes into even a minor windfall (e.g., a gift or inheritance), which increases his or her resources above the limit, the means-tested benefit may be lost.