If you are working and receive Medicaid, Supplemental Security Income (SSI) or other public benefits you may find it difficult to save money and still receive benefits.
Especially when income and assets are over $2,000.
Protected savings accounts make it possible for you to have savings / resource limits greater than $2,000 and still maintain eligibility for benefits such as Medicaid, SSI and the Supplemental Nutrition Assistance Program (SNAP).
The below fact sheet provides basic information on three options for establishing protected savings accounts: ABLE, Pooled Trust and Special Needs Trust. This chart contains a comparison tool to help determine which option(s) best meet your needs.
Download the ABLE Account, Special Needs Trust and Pooled Trust Comparison Chart.
Establishing a protected savings account article by achieveabilities.net
