It is important to understand seven aspects that parents deal with when planning for their children’s future. They are quite often overlooked because they are not fully understood.
1. Understanding how different government benefits coordinate and offset each other.
The government benefits being discussed are SSI, Medicaid, Social Security Disability Income and Medicare. Some of these benefits’ eligibility requirements are that the child be impoverished. Other benefits do not have this requirement. It is possible to qualify for all four benefits. It is also possible to qualify for a benefit that will reduce another benefit or disqualify the child from multiple benefits.