Have you been taking care of a loved one who suffers from a disability that requires continuous health care support? Are you now growing increasingly concerned when it comes to thinking about their needs should an unforeseen circumstance happen to you? Have you been thinking about creating a special needs trust for your loved but would like to address certain concerns first? If yes, then here are two of the most frequently asked questions about creating a special needs trust.
Will They Still Be Eligible for Public Benefit Programs?
One of the most frequently asked questions when it comes to creating this type of trust is if the beneficiary will still be eligible for public health benefits. Yes, they will still have access to public health benefits as long as the trust meets regulatory provisions with a particular public health program.
What is the Medicaid Payback Provision?
Another frequently asked question is the concern regarding the Medicaid Payback provision. As its name suggests, this provision allows Medicaid to collect from your assets to be reimbursed for costs. A special needs trust is required to have this provision for your beneficiary to maintain access to and be eligible for public benefits programs.
Who You Can Turn to That Will Understand Your Needs and That of Your Beneficiary
Perhaps you are becoming overwhelmed and are now searching for legal assistance to help you with all aspects regarding a special needs trust with Medicaid Payback in Chicago. Contact the professionals at Life’s Plan. They have been assisting clients for many years through decades’ worth of combined expertise. So, when searching for a highly experienced and reputable company that can help you create a special needs trust with Medicaid Payback in Chicago, Life’s Plan Inc. are the ones to contact.
