MassEcon With Change Comes Opportunity

Dear Beneficiaries, Valued Partners and Colleagues, As we move forward together into 2020, and as I move into the role of Executive Director in my twelfth year here at PLAN of MA and RI, I am delighted to share with you some intentions about our immediate next steps. We will continue to: Deliver outstanding special […]

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Date posted: February 5, 2020

Categories: News

October has come and gone without action by MassHealth regarding pooled special needs trusts. While there has been no official statement from MassHealth, we have learned that the agency may not issue pooled trust regulations until January.  We continue to work closely with MA NAELA on advocacy efforts. The implications of the delay, as we […]

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Date posted: November 22, 2019

Categories: Pooled Trust Regulations

In October 2019 MassHealth is expected to finalize new regulations regarding financial eligibility. These regulations are expected to effectively disallow funding pooled trusts for people 65 and over. Final regulations have not yet been issued and the effective date of the pending regulations has not been set. Existing trust accounts We do not have any […]

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Date posted: September 11, 2019

Categories: Pooled Trust Regulations

Special needs trusts are legal and financial tools that are set up for people with disabilities to cover supplemental expenses not paid for by public benefits. Trustees of special needs trusts must ensure that beneficiaries remain eligible for need-based government benefits and strike a balance between the beneficiary’s current and future needs. Because these accounts […]

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Date posted: September 3, 2019

Categories: Special Needs Planning

People with disabilities, their families and professionals setting up long-term care and financial plans must consider a long list of concerns, including required services, costs, funding strategies, the people involved, and how the care plan will impact relationships over long periods of time. One of the best choices for long-term financial support and care that […]

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Date posted: September 3, 2019

Categories: Special Needs Planning

Anthony’s health was deteriorating, and he was finding it harder to live independently. His income put long-term care insurance outside of his budget. Anthony’s situation is not unusual. The federal government reports that about 70% of people over age 65 will require at least some type of long-term care services, but that only about 10% […]

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Date posted: June 14, 2016

Categories: Long-Term Care