Staying Informed. Planning Ahead. Supporting Your Journey.
Welcome to the third edition of Planning With Purpose: Financial Guidance for Special Needs Families.
When you're caring for a loved one with special needs, there is always something new to understand. Changes in legislation, government policies, public benefits, and planning strategies can all have an impact on your family and your loved one's future.
Each month, we'll continue to bring you timely information, practical guidance, and helpful resources focused on the issues that matter most to special needs families. Our hope is that this newsletter gives you information you can use and resources you can turn to as you plan for the future.
THIS MONTH'S RESOURCE ROUNDUP:
1️⃣ What You Need to Know About Applying for SSDI or SSI
Applying for disability benefits can feel overwhelming, especially when families are trying to understand the difference between SSDI and SSI and determine which program may apply to their circumstances. This article provides a helpful overview of the application process, eligibility requirements, documentation to gather, and what to expect if an application is denied or needs to be appealed.
Read the full article HERE
2️⃣ 14 Conditions Added to the SSA’s Compassionate Allowances List
The Social Security Administration recently added 14 conditions to its Compassionate Allowances List, which allows certain disability claims to be identified for expedited processing. The new additions include rare genetic disorders, severe neurological conditions, and certain aggressive cancers. For families navigating SSI or SSDI, understanding whether a diagnosis qualifies for this expedited process may help them better understand what to expect when applying for benefits.
Click HERE to read more about these additions and what they may mean for you and your loved ones.
3️⃣ Could a Trump Account Cost Your Child SSI Benefits?
A new savings opportunity for children could have an unexpected impact on families who rely on SSI. This article explains how Trump Account balances may become countable assets when a child turns 18, potentially affecting SSI eligibility and access to Medicaid. It also outlines an important planning opportunity involving ABLE accounts and the timing families need to understand.
Click HERE to learn more about building an estate plan for an adult child with disabilities.
As always, we encourage you to explore the articles, share them with family members and caregivers, and reach out if you have questions about how these topics may affect your family's financial plan. We believe that informed families are empowered families, and we are honored to be part of your journey.
UPCOMING RESOURCES & EVENTS
