Supplemental Needs Trust Allowable Expenses For Child
Description
How to fill out Supplemental Needs Trust For Third Party - Disabled Beneficiary?
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FAQ
Supplemental Needs Trust (SNT) The SNT is a Medicaid planning tool used to shelter a disabled person's assets for: Maintaining eligibility for governmental benefits like Medicaid. Enhancing the disabled person's quality of life by paying for needs Medicaid does not cover.
Some other examples of common trust purchases are a new TV for the Beneficiary's room, a hotel room rental on vacation, a class at a local community college, or non-government funded medical expenses such as massage therapy. Things may get a little bit more confusing when it comes to paying for food and shelter.
Supplemental/Special Needs Trust The SNT pays for the unique, long-term needs of the beneficiary and is meant to give the disabled person the best quality of life possible, without giving the disabled person so much money that the disabled person becomes ineligible for government assistance.
When it comes to what the trust can pay for, a special needs trust is very restrictive. It cannot pay for food or shelter, nor can it provide cash directly to the beneficiary; however, it can provide for supplemental quality of life items, such as computers, cell phones, televisions and such.
Using a first party SNT will not affect any benefits a person receives that are not based on an income limitation or resource level. The beneficiary can work with a special needs attorney to set up the trust and appoint someone, called the trustee, to hold the money on his or her half.