Financial aid for families with special children in the United States

We want to provide you with information about the Financial aid for families with special children in the United States, explaining how they are eligible for the different types of programs existing according to ttype of disability that the child has and what they cover.

Did you know that in 2014, the United States Department of Agriculture, estimated the cost of raising a child from birth to age 18 to be $240,000 or $13,333 a year?

Add to that, for example, either a birth defect or disorder, and the lifetime cost of care can exceed $1 million in physical therapy, behavioral, private education, among other types of special care.

However, it is important to mention that if this is your case, there are many benefits of financial aid to families with a disabled child or special needs.

According to the above, there are various sources or organizations that provide help. For example, we have the Social Security Administration, Medicaid, insurance, grants, and educational assistance.

These are initiatives that can make a big difference when it comes to fully covering expenses.

So while a child with special health care needs brings years of financial challenges, they don’t have to do it alone. The portal angelsense.com presents us with 7 innovative financing sources for families with special needs children.

Take advantage of the following programs Financial aid for children with special needs in the United States which we will explain below:

Supplemental Security Income (SSI) for special needs as financial help for families in the United States

The Supplemental Security Income program (SSI or Supplemental Security Income), has been the only source of federal income that can apply for disabled children.

In economic terms, the benefit can help keep the family out of poverty by covering the necessary expenses for a disabled child.

It should be noted that not all children qualify for it, the SSI it is geared towards those underprivileged families, so there are income limits applied to the child and the family they live with.

In figures, we can say that the maximum payment for an individual is US$771 per month. Also, normally in most states, a child who has qualified for SSI will also automatically qualify for Medicaid.

It is important to note that for a child to qualify for SSI, functional limitations must be proven with medical evidence. For example, Down syndrome, cerebral palsy, autism, intellectual disability, or blindness.

Also, you should know that for a SSI is eligible for a child under special conditions, a single-parent family must have a maximum monthly income of US$3,209; while a two-parent family would be $3,981 a month.

Financial assistance for the health of children with special needs

Please note that the government programs and the private insurance they are a way to help offset the cost of treatment for children with special health care needs.

Medicaid and CHIP Program

In the year 2016, Medicaid and the Children’s Health Insurance Program (CHIP), covered the medical expenses of almost half of the special children.

However, either the SSI, Medicaid or CHIP, administered by states under federal rules, have limits on financial eligibility. However, these limits extend above the poverty line.

For example, in January 2017, the median level of financial eligibility for children in Medicaid Y CHIP it was 255%, which works out to $52,989 per year for a family of three.

In the case of Medicaid, covers many medical and long-term care services for special children, covered by most in limited amounts.

In addition to doctor visits, hospital stays, radiation, lab tests, and prescription drugs, Medicaid covers behavioral health, dental, hearing and vision care, physical therapy, and many more.

Other services covered by Medicaid include private duty nursing (for help at home) and non-emergency medical transportation to appointments.

In the Web page Medicaid.gov Y Healthcare.gov there is more information about it.

private insurance

On the other hand, if we talk a little about the private insurance, has the disadvantage of not covering long-term care services.

Additionally, they can offer limited coverage other relevant services, such as medical, dental, physical, occupational or speech therapy.

In 2014, almost all states required that insurance companies covered autism spectrum disorders, however, some of the coverage mandates were minimal.

For example, specialty visits typically require a referral from the child’s pediatrician, which increases cost and time.

We advise you to be well informed as to what your insurance does or does not cover. Because there may be times when you should be willing to challenge insurance companies when they deny payment or services.

Tax credits as financial aid for families with special needs

Tax extensions

It should be noted, that the tax extensions They provide another way to incur lower financial expense for the care of children with special health care needs.

This means that if your adjusted gross income is US$50,000, the threshold in this case would be US$3,750.

So, if you had $10,000 in medical expenses, you could deduct $6,250 this way.

It is very important to point out that the deductible expenses They cover other costs per service, such as medically necessary food, mileage to and from doctor visits, and therapy supplies.

Child and Dependent Care Credit

Another relevant aspect is the credit for care of minors and dependents. This is a tax exemption on expenses for paying someone to care for your child while you work or look for work.

It should be noted that there is no age limit if the child is disabled.

Also, the difference is that this is a credit instead of a deduction, so it reduces your tax bill directly instead of reducing your taxable income.

This credit could be up to $3,000 for each dependent, up to a maximum of $6,000 for all dependents.. Also, after school child care programs qualify for the credit.

We recommend you keep good records and consult your accountant.

According to the official portal IRS.gov., state-sponsored 529A accounts, allow individuals to disabled people save significant amounts without threatening the eligibility of government aid based on need.

Both people with disabilities, as well as people close to them, can contribute up to US$14,000 a year without risking federal benefits.

Are contributions are not deductible from federal taxes, but in some states they can apply. Additionally, the allowable account size also varies by state.

Grants such as financial aid for families with special needs

You may not believe it, but there are grants available for help families with special needs children.

It is worth mentioning that eligibility criteria as well as income requirements vary greatly. In such a case, the funds are unlimited, which is why many people seek these grants.

Education for children with special needs

Is financial aid for families has great coverage, which is specifically aimed at students with special needs.

Next, we will show you the types of help for special children according to the different cases:

Attention deficit disorder

Rise Scholarship Foundation covers the expenses of students diagnosed with ADD or ADHD including a learning disability, who receive this award of US$2,500 per year.

To qualify for this aid, each applicant must have a minimum grade point average of 2.5.

Autism

The Organization for Autism Research, presents 2 non-renewable scholarships of US $ 3,000 for those students (with autism) full time, who work to obtain a certification or accreditation in a certain area.

Learning and cognitive disabilities

The Anne Ford Scholarship, covers US$10,000 ($2,500 per year for 4 years), is provided to a high school senior who will attend a 4-year bachelor’s degree program.

It is worth mentioning that to opt for or qualify for these benefits, it is required to demonstrate financial need and also be involved in school and community activities.

The Landmark College Scholarships, meanwhile, are characterized by being one of the only 2 universities in the country dedicated specifically to students with learning disabilities.

These financial aids grant from US$5,000 to US$34,000, based on the financial aid and the merit of the students.

visual difficulties

Lighthouse Guild, approves up to 10 annual scholarships to legally blind, merit-based high school students preparing for college.

general disabilities

Microsoft Disability Scholarship has the first to award high school students (future college students) with financial need, a scholarship of US$5,000 a year up to a total of US$20,000.

It is important to emphasize that the scholarship is designed for students seeking a career focused on the technology industry.

Financial assistance for disabled adults

It is completely obvious that the financial aid programs for families in United States they are created to help younger children. However, there are programs that provide financial aid for the disabled in extreme poverty compared to the general population.

In addition to this, only 37.3 percent of disabled adults have a job in the United States, according to the website DisabilityStatistics.org from Cornell University.

Fundamental differences between SSI and SSDI

To qualify for SSDI, you must have worked while being covered by the Social Security, in addition to having a disability that meets its requirements.

However, SSI is funded by tax revenue instead of the Social Security. It is designed for those people who have a disability and their income is not enough.

If so, those who pass will receive monthly cash benefits, or may appeal if they are denied.

The temporary assistance for families of federal government, may provide funds to states and territories for the purpose of providing financial assistance and support services to families to meet people’s basic needs.

If you want to know what your state offers, visit the web domain ACF.HHS.gov/ofa/help.

Other financial aid programs for families in the United States

In the case of assistance for the payment of rent, the United States Department of Housing and Urban Development, offers housing vouchers to disabled families.

Also, the Supplemental Nutrition Assistance Program (SNAP or Supplemental Nutrition Assistance Program) provides food benefits. In addition, people who participate in this program have the option of qualifying at Energy Assistance Program (utility payments).

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