Distributions from Special Needs Trusts Relating to Medical Expenses
One of the most pressing needs for disabled beneficiaries is medical care. Medical Insurance It is crucial that the disabled beneficiary obtain some form of medical insurance.[1] Options include the following: Private Medical Insurance. Typically, the only source of private medical insurance at regular rates is through the parent’s coverage with the parent’s employer. Parents…
Special Needs Trusts/Parent as a Caregiver?
Frequently, a parent of a child with disabilities provides significant care to that child. Often, the mother is unable to work outside of the home because of the child’s care requirements. In determining whether and how much a parent can be paid for care of the child, both the Medicaid and SSI programs must be…
Administration of a Special Needs Trust
1. PRELIMINARY MATTERS Administration of a Special Needs Trust is complex. It is critical that distributions be made in such a manner that the beneficiary maintains public benefits. The trustee must be aware of the rules pertaining to each public benefit program to which the beneficiary is entitled or may become entitled. These benefits are…
Reducing a Medicaid Lien
There are three ways to reduce a Medicaid lien. These strategies can be used separately or in combination. Procurement Costs. Under New Jersey law,[1][SJR1] where a Medicaid recipient settles a case against a third party, the Medicaid lien can be reduced by attorneys’ fees and costs and expenses. Many lawyers simply ask for and receive…