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The Social Security Administration (SSI) provides benefits to people in three different ways, and a personal car accident settlement impacts each one differently. You can seek out a settlement between you and the other car owner, or you can claim from your insurance. So, I was very happy with the result and to finally get my case over with – so frustrating! Everything You Need to Know About Pedestrian Safety , What to Expect Physically After a Car Accident. Timing is of the essence. Can an Injured Victim Sue Me If I Offer Assistance at the Scene of the Accident? We have an in-depth knowledge of the tactics insurers use to deny valid claims and undervalue serious injuries, and will protect your rights aggressively during the negotiation process. Special needs trust is a trust that contains the assets of a disabled person under the age of 65.

SSI has income and resource limits and a settlement can be an income.

For additional questions you can call us at (517) 575-8131. Unlike SSDI (Social Security Disability Insurance), for which eligibility depends on the applicant’s employment history and the number of “work credits” they have earned, SSI is intended for low-income individuals diagnosed with severe, long-term disabilities that prevent them from working full-time. Supplemental Security Income, commonly called SSI, provides critical financial support for thousands of Oklahomans and millions of Americans throughout the U.S. A car accident settlement can impact your monthly SSI payments, but with help from an experienced attorney, it may be possible to avoid losing your benefits. Meaning: a personal injury settlement does not affect SSD benefits. However, the SSA provides for exceptions, namely, special needs trust and pooled trusts. How does this money affect my SSI? I'm receiving a $1600 settlement from a car accident. We both really appreciate their help and will refer our family and friend their way in the future. If your settlement causes you to earn more than the monthly limit, you could lose your eligibility for SSI benefits, or see a substantial reduction in your monthly SSI payments. As a general rule, trusts are considered as a resource because, depending on the condition, you may earn something from the trust. It carries not only financial burdens but also physical trauma and injuries.

There is no doubt that both David and Matthew are exceptional attorneys.

The Clark Law Office main location is located on Okemos Rd, Okemos. If you are receiving SSI benefits, meanwhile, your government benefits eligibility might be disrupted after accepting a cash settlement. However, the 2016 FBR remains unchanged from the 2015 FBR of $733 per month for single individuals and $1,100 for married couples.

If you were receiving SSI benefits and had just gotten into a personal car accident settlement, know that there are legal ways to protect your eligibility. Very Satisfied. Common Back and Neck Injuries Following a Rear-End Collision, The Dangers Of Reckless Driving To You and Others On The Road, SSI is different from social security disability insurance (SSDI). Also, small to medium settlement amounts might not impact Medicaid, unless the settlement puts you over a certain percentage of the federal poverty level. It primarily offers monthly payments to those that meet both criteria: (B) People who have low income and low resources.

Thanks! For example, you must spend your settlement money the same month as you receive it. First the money received can be spent down, which means spent within a short period of time upon receipt. Yet, some individuals are exempt from income requirements for Medicaid. A personal injury lawyer of Hasbrook & Hasbrook brings years of experience to every claim. He also charged less than what the other firm wanted….25 vs 40%. What is great about Medicaid is that it doesn’t only pay for hospitalization. I couldn’t be happier with Clayton. I am so grateful that I called David. I highly recommend attorney David Clark. SSI has income and resource limits and a settlement can be an income. In most cases, you can keep your eligibility for these need-based assistance programs as long as you plan ahead. According to the SSA, the following are excluded in calculating your resource limit: Create a Special Needs Trust or a Pooled Trust. I recommend them highly! The result exceeded my expectations. Medicare is health insurance subsidized by the federal government.

Medicaid is a healthcare program that pays for the medical expenses of persons who are disabled, elderly, young, or poor. The Social Security Administration (SSA) does not count your house, the land it’s on, your personal effects, and household items as resources. They go out of their way to get you the most. SSI and Medicaid benefits are determined based on income and assets. Can You Sue the Airbag Manufacturer If the Airbag Did Not Deploy in a Crash?

Buying a car or paying off a car, if the SSI recipient is on the title. While SSDI also provides monthly payments to those disabled, it distinctly gives them to those who previously worked or those who have parents who work. There are just under 100,000 SSI recipients in the state of Oklahoma, with the largest numbers of recipients residing in Oklahoma County (roughly 19,400 people) followed by Tulsa County (roughly 14,800 people). It may not seem much, but you have to remember … Hiring a qualified SSI attorney is the best way to ensure you don’t have to choose between a settlement for damages from a car accident and your SSI benefits.

For those who are entering into a settlement negotiation or have been injured and want to know their rights it is important to consider the following avenues. Clayton is a member of the Oklahoma Bar Association, Oklahoma County Bar Association, American Association of Justice, Oklahoma Association of Justice, and the National Trial Lawyers “Top 40 under 40.”. I talked to a few attorneys before calling them and I just felt like they were hiding something from me.

Let an experienced SSI lawyer navigate the complex waters to protect your benefits, so you can receive the full and fair compensation you deserve from your car accident. The SSA’s numerous income exclusions for the SSI program, which include: HUD-related rent subsidies (e.g. According to the Social Security Administration (SSA), approximately 65.5 million Americans were Social Security beneficiaries as of March 2016. Spending settlement money to keep SSI and Medicaid benefits is typically associated with small settlement amounts. Thank Clayton and all who worked hard on our case. I got my medical bills covered, got my lost wages back, and they even started a third party case against the other driver. A supplemental security income, or SSI, is a program run by the Social Security Administration, which is a federal government agency. We are located about 10 minutes from the Capital Region International Airport (LAN). Creating a Special Needs Trust is a complex process, so you should consult with an experienced attorney for help getting started. All Rights Reserved. Supplemental Security Income, commonly called SSI, provides critical financial support for thousands of Oklahomans and millions of Americans throughout the U.S.  A car accident settlement can impact your monthly SSI payments, but with help from an experienced attorney, it may be possible to avoid losing your benefits. The attorney I spoke to was very nice and understanding. If out-of-court negotiations don’t result in an acceptable settlement offer, our auto accident attorneys are more than ready to take your case to court. We're open 8AM-6PM. A dependable lawyer can bring you in the right direction. Copyright © Hasbrook & Hasbrook 2020. We serve people who have been injured or wronged by the actions of others. Put simply, your “countable” income is whatever money is left over after you exclude: The applicant’s “resources” are also considered toward the income limit, including: An SSI recipient’s combined resources must not exceed a value of: The compensation from a car accident settlement can cause your monthly income to surpass the FBR threshold enforced by the SSA.

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