this is really tough for people with disabilities, since a lot more stuff then depends on medicaid. An easy example, if you qualify for medicaid then you qualified for the emergency broadband benefit, which was good for 50/month off internet. Or more complex, you get a budget to spend on home health care workers, transportation, respite care, therapeutic activities, etc., go over and you lose thousands of dollars of services necessary to live. thats even ignoring the actual medical benefits of medicaid
able accounts that are listed have pretty big caveats. and are themselves confusing [like 529, you can buy them in any state, all with various fee structures]. the best course of action is to set up a special needs trust and able account and move money between them cause they each have different restrictions. but setting up a trust itself costs a couple thousand for the lawyers, which you arent allowed to save.
my sisters disabled, but luckily NJ has a program called workability that raises these limits if you have a job. otherwise its impossible to save.
able accounts that are listed have pretty big caveats. and are themselves confusing [like 529, you can buy them in any state, all with various fee structures]. the best course of action is to set up a special needs trust and able account and move money between them cause they each have different restrictions. but setting up a trust itself costs a couple thousand for the lawyers, which you arent allowed to save.
my sisters disabled, but luckily NJ has a program called workability that raises these limits if you have a job. otherwise its impossible to save.