Special Needs Children
- Financial Planning When You Have a Chronic Illness
When you live with a chronic illness, you need to confront both the day-to-day and long-term financial implications of that illness. Talking openly about your health can be hard, but sharing your questions and challenges with those who can help you is extremely important, because recommendations can be better tailored to your needs. Every person with a chronic illness has unique issues, but here's a look at some topics you might need help with as you're putting together your financial plan.
- When your child has special needs
As the parent of a child with special needs, you can get reliable information and support from your doctor, parent groups, and both national and local agencies. Medicaid will probably pay for your child's medical care if he or she meets Supplemental Security Income requirements. By law, public schools must accept children with special needs and provide special education services. Be sure your child is taken care of after your death by naming a guardian in your will, and consider establishing a special needs trust to protect your child's eligibility for government benefits.