Broker Check

Special Needs Newsletter

February 2022

Courtesy of
Michael Beloff, CFP®, ChSNC®

Annual Contribution Ceiling for ABLE Accounts Rises and More States Add Programs

The maximum amount that can be contributed each year to an ABLE account for a person with disabilities just rose $1,000 to $16,000.  The figure had been stuck at $15,000 since 2018.


SSA Offices Expected to Reopen March 30 (Fingers Crossed!)

After being off-limits to most members of the public since March 2020, Social Security Administration (SSA) offices are set to reopen on March 30, 2022, barring an unexpected snag or sudden change in the pandemic's trajectory.


Divorce and the Child With Special Needs: Be Aware of Child Support Payments

While there is no such thing as a "typical" divorce, a divorcing couple that has a child with special needs faces even more complicated issues than most, such as the impact of child support payments on the child's eligibility for SSI.


California Is the First State to Move Toward Removing the Asset Limit for Medicaid Eligibility

In a groundbreaking move that could have repercussions in certain other states, California is the first state to phase out the requirement that people impoverish themselves before becoming eligible for Medicaid.