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November 30th, 2023. Parents of children with special needs must ensure that medical and financial decisions will continue to be made in the child’s best interest once they reach age 18 – the age of legal capacity. In most states, once a child reaches age 18, they are presumed to have decision-making capacity, and the parents’ legal ...
Child Support and Special Needs: 6 Important Questions. Parents of a child with special needs know that they must plan for the child’s care and support far into the future. This is especially so if the child is unlikely ever to be able to earn an income on their own once they are an adult. In cases of divorce, the issue of child support comes ...
Parents of children with special needs might consider enrolling in a flexible spending account (FSA) through their employer to pay for qualifying medical expenses that are not reimbursed. For 2024, the maximum annual contribution to an FSA is $3,200, and as a provision of the CARES Act, over-the-counter medications are now eligible expenses for ...
Why Special Needs Trusts and Estate Planning Are Important. Verbally telling your family how to care for your child is insufficient. In the absence of a will or trust, the state in which you live may determine the outcomes of your estate's distribution. This situation is not a viable option for a child with special needs or any of your children.
Special Kids Fund. This fund invites families with special needs children to apply for adapted wheelchair vans that are secured through donations. Muscular Dystrophy Family Foundation. This foundation offers applicants with certain diseases financial assistance for such transportation adaptations as van conversions, transfer seats, and vehicle ...
What To Know Before Beginning Special Needs Planning. November 29th, 2023. Every parent wants to make sure their children are protected and cared for in the future. Children with disabilities face additional challenges in ensuring they have everything they need to have a safe and happy life. Consider protecting your child’s government ...
Thousands of children with special needs are growing up in nursing homes across the country and the number is slowly increasing, the Wall Street Journal reports. While the Medicaid program guarantees long-term care for the disabled, many states have insufficient resources to pay for care at home. As a consequence, families with children who ...
When your family has more than one child with special needs, the last thing you want is more complexity. At the same time, most families with multiple children with special needs are stretched financially and desperately need to preserve access to government benefits like Medicaid and Supplemental Security Income (SSI) for their children.
The former provides “special restorative training” to assist such children in “overcom[ing] or lessen[ing] the effects of a physical or mental disability.” It also provides “special vocational training.” TRICARE offers several services under the basic TRICARE benefit and some special programs for beneficiaries with special needs.
According to the U.S. Census Bureau, there were over 3 million children with disabilities in the U.S. in 2019. That translates to 4.3 percent of the under-18 population. Parents of children with disabilities often face extra financial challenges, including the need for specialized medical care, therapy, and educational support.