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Post by darthoso on Sept 17, 2020 17:09:42 GMT -5
Until he understands how he's Medicaid eligible, which probably isn't SSI because PA is weird, a PASS wouldn't help.
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Post by ContingentlyComposite on Sept 17, 2020 17:33:52 GMT -5
I don't get why you think they're so great. I think with a PASS account you lose medicaid eligibility at the end of a 3 year period. (Am I wrong?) If you need 24/7 care, no medical insurance plan is ever going to cover that. So with a PASS account you will need to be making so much money from the business you've started that within 3 years you can afford to spend 50,000 or more a year to pay for your own care out of pocket, or else lose all that care at the end of the allotted time. That's a lot of pressure to have a highly lucrative business in just 3 years. Maybe I'm missing something about how these accounts work? I think they’re great because it’s a way to get around the asset limit, work towards a concrete goal, and it allows for individuality and creativity in developing a plan. Why don’t you get why that is great? Do you remember where you heard about the losing Medicaid after 3 years thing, or can you link me to it? I’ve not heard of that, and wasn’t able to find anything about it. Would definitely like to know if that’s the case though. @brinzercali it sounds like you looked into PASS and decided you’re not interested. Also, I was joking about the CashApp thing, but I am offended to know that you don’t trust me. I mean it sounds great if you can stay on medicaid! Someone told me about the losing eligibility thing. I thought maybe you could confirm if that's right since you were trained on it. I haven't researched it or anything.
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Post by someonerandom on Sept 17, 2020 19:14:33 GMT -5
I think they’re great because it’s a way to get around the asset limit, work towards a concrete goal, and it allows for individuality and creativity in developing a plan. Why don’t you get why that is great? Do you remember where you heard about the losing Medicaid after 3 years thing, or can you link me to it? I’ve not heard of that, and wasn’t able to find anything about it. Would definitely like to know if that’s the case though. @brinzercali it sounds like you looked into PASS and decided you’re not interested. Also, I was joking about the CashApp thing, but I am offended to know that you don’t trust me. I mean it sounds great if you can stay on medicaid! Someone told me about the losing eligibility thing. I thought maybe you could confirm if that's right since you were trained on it. I haven't researched it or anything. Gotcha. I was only trained for 40 hours to get certified, okay? 😁. I am supposed to know about everyone’s everything like Section 8, retirement, veteran benefits, and of course the usual stuff like SSI or SSDI. So I’m pretty much constantly researching and brushing up to make sure I can help people instead of fucking them over. When I can’t find information on something Medicaid related I just call DSS, or email the trainer dude. Sometimes he doesn’t even know the answer, and the dude is an attorney. There are Zoom meetings for continuing education also. I thought in Pennsylvania (and most states) you are automatically eligible for Medicaid if you get SSI, but I guess I’m missing something with the carer thing. I will always and forever think PASS is the shit. I just really want a client who wants to be a camgirl or something so I can write a plan that has costs for cameras, outfits, dragon dildos. I want to submit that shit to the government and get it approved. It would be my dream to use the benefits system for so noble a task.
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jordy
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Post by jordy on Sept 17, 2020 23:13:02 GMT -5
Short answer: grants would not be an asset for you to use as income. A grant is specified and use outside of those specifications is not allowed (legally). So no, it could not count as an asset since it is not for personal use and cannot go towards anything else except the business. Income, accounts, vehicles, houses, etc... are assets since they can be sold and exchanged. A grant can’t (similar to if you got a grant to adapt housing or to get new equipment). The business shouldn’t have enough worth initially to impact benefits or utilizing other programs. Financial ratios play into that as well as appraisals, interest, who is backing it and supporting it, etc... Maybe a financial advisor or counselor would be a good idea? They have access to information we can’t always find regarding financial assistance. Ticket to work would be great for starting out. You keep benefits and can make extra income. You’re not going to draw in a lot of income at 1st. This is one of the major warnings people are given when starting a business. Because of this, things would be within the limits (most likely). Ticket to work won’t end if you don’t make enough. I have a family member who worked within the limits for years and never had an issue. If they made even a small amount over... then they lost benefits for that month. Rules may be different for SSI recipients as I can only speak on SSD. I haven’t used ticket to work since I’m going back to my field and can’t earn within the limits, but I still have all the paperwork about the program that I can look through and send specifics your way if that would help. Most importantly, These programs are in place to support... even if they still pretty much suck, at least it’s something. I would use anything you possibly can to start the process. Don’t focus so much on making more than those limits right off the bat. Even if you start to make over the limits, scale back your business until you are certain you have a plan to afford care and living expenses. But, this is awhile down the road. Gotta take small steps 1st. There may be local programs that agencies near you know about to help afford services as well. You’re just starting out, so it’s all about research and planning and not jumping ahead. I know this is difficult to avoid because of the specific situations you need to make sure are handled, but jumping too far ahead can seriously harm the planning and implementation stage of things. Wishing you all the best! For context: My family owns a successful small business and I am starting a 5 year plan to start my own that’s unrelated to the family business. I’m not on here much since life got busy, but if I find something I think will help I will send the info to you as well .
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brinzerdecalli
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Post by brinzerdecalli on Sept 18, 2020 9:55:54 GMT -5
The guy who trained me on PASS accounts said he once had a guy who wanted to be a rock star. They worked up a plan, which was approved, and the client saved money in his account without it being counted as an asset. In the end he used the money to get an amp and some shit, and his friends played some gigs in bars and stuff. Wasn’t a rock star, but he was able to benefit from the PASS account and get some things he wanted. I’m not sure what is so unrealistic about starting a business. If you come up with dollar amounts for what you want, and can explain how it would be used for a vocational goal (like starting a business), it qualifies. The purpose of work incentives is to get people to work, so that they go off benefits. That’s why we have all the things you are talking about. If you do some Steve Jobs type shit you wouldn’t need benefits anyways. But if you don’t (and you probably won’t), you could at least get some camera equipment or whatever you were talking about up above. But seriously, going off benefits should not be the goal of anything designed to promote independence and growth? Whatever lol. I’ve never done a PASS account because they’re super rare but they’re cool as fuck and I want to do one so bad. You are like... the perfect person to have one. I would totally help you start one. All you have to do is CashApp me (and can probably pay me enough to keep you under the asset limit too) I don't get why you think they're so great. I think with a PASS account you lose medicaid eligibility at the end of a 3 year period. (Am I wrong?) If you need 24/7 care, no medical insurance plan is ever going to cover that. So with a PASS account you will need to be making so much money from the business you've started that within 3 years you can afford to spend 50,000 or more a year to pay for your own care out of pocket, or else lose all that care at the end of the allotted time. That's a lot of pressure to have a highly lucrative business in just 3 years. Maybe I'm missing something about how these accounts work? Exactly the traps that leave me petrified and disabled! I actually get 24/7 skilled nursing so yearly that is around 300k! I feel I am missing something too, because the only answers can't be live in poverty [or close to], live with your family/have your family handle your money/business, or?.. risk living in a nursing home as you appeal a basic civil right that has been stripped away? It's far too much to put on friends/SOs. I can't even find a mail order bride/help a local immigrant and trade citizenship for some care as I appeal the injustice because I could lose my Medicaid eligibility from marrying someone...
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Post by Green on Sept 18, 2020 9:58:10 GMT -5
So that is a yes to "Grants would not count as an asset once it is invested in a company, but crowd funding is?!"? Oh awesome! What sort of business do you have and what programs/waivers did you use to build up the entity w/o losing benefits? What all benefits did/do you receive? If this is too personal for this forum, feel free to DM me. Yes, but before getting someone to invest/partner up it is not uncommon to save 10-20k min to invest in a prototype, mock up, or small scale operation to prove viability. I don't know about the grants, it's a probably, because it sounds like it would work. It depends on if grants are considered assets, but I would think not because there are terms to the use, you don't have the freedom to use them however you want. So in effect it would be someone else's asset. For business ideas, this sounds pretty reasonable. It's hard to say about crowdfunding, I want to say it would work the same way, but that seems iffy. Still, if that works, I would definitely do it. When I say entrepreneurial, I meant that I'm pretty independent about my career goals, rather than being an employee. I have some side business doing editing and some tutoring, but I don't make so much money that it puts me beyond asset limits. They aren't long-term career goals, they are just things I enjoy doing that can give me some extra money. I'm pursuing academics right now, and I have some entrepreneurial ideas once I finish a PhD based on the research I would do. Anyway, I don't have a full-time business venture right now. But even if I did, I put my assets with a trusted family member. I do that with assets I have right now, so that's how I avoid all the problems you are running into. I mean, is there really no one in your life you can trust? They don't have to be the one deciding how to use your assets of course, you just have to trust them to leave it alone. Given your situation, the common route for early investment would probably not work.
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brinzerdecalli
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Post by brinzerdecalli on Sept 18, 2020 10:17:12 GMT -5
I don't get why you think they're so great. I think with a PASS account you lose medicaid eligibility at the end of a 3 year period. (Am I wrong?) If you need 24/7 care, no medical insurance plan is ever going to cover that. So with a PASS account you will need to be making so much money from the business you've started that within 3 years you can afford to spend 50,000 or more a year to pay for your own care out of pocket, or else lose all that care at the end of the allotted time. That's a lot of pressure to have a highly lucrative business in just 3 years. Maybe I'm missing something about how these accounts work? I think they’re great because it’s a way to get around the asset limit, work towards a concrete goal, and it allows for individuality and creativity in developing a plan. Why don’t you get why that is great? Do you remember where you heard about the losing Medicaid after 3 years thing, or can you link me to it? I’ve not heard of that, and wasn’t able to find anything about it. Would definitely like to know if that’s the case though. @brinzercali it sounds like you looked into PASS and decided you’re not interested. Also, I was joking about the CashApp thing, but I am offended to know that you don’t trust me. Oh I'm interested in the idea of something that lets you save towards a goal and investment, but PASS is poorly designed from what I have read. If there were no limits or intents beyond "let PWDs save money for a specific intention" I'd say it is the answer to my dilemma. Who is the person who trained you wrote up the pass for the rockstar? I'd love to pick his brain! Forgive me, I've been surrounded by people who try to use my situation to scam and abuse me in similar ways to your joke.
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brinzerdecalli
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Post by brinzerdecalli on Sept 18, 2020 10:27:11 GMT -5
Until he understands how he's Medicaid eligible, which probably isn't SSI because PA is weird, a PASS wouldn't help. I'm happy to answer any questions to figure this out but as far as I know I get Medicaid because I am on SSI and disabled. www.dhs.pa.gov/Services/Assistance/Pages/MA-General-Eligibility.aspx You must meet income, resources (in some cases), and other eligibility requirements in order to be eligible for Medical Assistance. These categories are grouped by: Adults age 19-64 with incomes at or below 133% of the Federal Income Poverty Guidelines (FPIG) (Identified for Medical Assistance purposes as MAGI-related) Individuals who are aged (age 65 and older), blind and disabled. ( Identified for Medical Assistance purposes as SSI-related) Families with children under age 21 Special Medical Assistance conditions
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Post by monkeyman on Sept 18, 2020 10:31:23 GMT -5
Look into ABLE accounts. Most states have a maximum of $100,000
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brinzerdecalli
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Post by brinzerdecalli on Sept 18, 2020 11:45:04 GMT -5
Short answer: grants would not be an asset for you to use as income. A grant is specified and use outside of those specifications is not allowed (legally). So no, it could not count as an asset since it is not for personal use and cannot go towards anything else except the business. Income, accounts, vehicles, houses, etc... are assets since they can be sold and exchanged. A grant can’t (similar to if you got a grant to adapt housing or to get new equipment). The business shouldn’t have enough worth initially to impact benefits or utilizing other programs. Financial ratios play into that as well as appraisals, interest, who is backing it and supporting it, etc... Maybe a financial advisor or counselor would be a good idea? They have access to information we can’t always find regarding financial assistance. Ticket to work would be great for starting out. You keep benefits and can make extra income. You’re not going to draw in a lot of income at 1st. This is one of the major warnings people are given when starting a business. Because of this, things would be within the limits (most likely). Ticket to work won’t end if you don’t make enough. I have a family member who worked within the limits for years and never had an issue. If they made even a small amount over... then they lost benefits for that month. Rules may be different for SSI recipients as I can only speak on SSD. I haven’t used ticket to work since I’m going back to my field and can’t earn within the limits, but I still have all the paperwork about the program that I can look through and send specifics your way if that would help. Most importantly, These programs are in place to support... even if they still pretty much suck, at least it’s something. I would use anything you possibly can to start the process. Don’t focus so much on making more than those limits right off the bat. Even if you start to make over the limits, scale back your business until you are certain you have a plan to afford care and living expenses. But, this is awhile down the road. Gotta take small steps 1st. There may be local programs that agencies near you know about to help afford services as well. You’re just starting out, so it’s all about research and planning and not jumping ahead. I know this is difficult to avoid because of the specific situations you need to make sure are handled, but jumping too far ahead can seriously harm the planning and implementation stage of things. Wishing you all the best! For context: My family owns a successful small business and I am starting a 5 year plan to start my own that’s unrelated to the family business. I’m not on here much since life got busy, but if I find something I think will help I will send the info to you as well . So I had an experience 5 years ago, where I was organizing a cross country walk in my powerchair. I got a local business conglomerate interested in sponsoring the event with a 500k grant and making it big deal for disability visibility and rights, also to raise money for research towards a cure for SMA. They gave me 2 tasks before they wrote the grant: 1) I must get my doctor to give me the ok. [easily done] 2) I must get written confirmation that the grant would not affect my security of living. [an impossible task I found after several months of talking to SSI agents, WICs, OVR, SSA staff, and even the mayor's office. Best I got was a verbal "It might be considered a gift, but I don't think it will be. Just do it and see what happens".] I was once again defeated by the system. Why would a business grant be different, because a business is your asset and a grant to a business increases the value of your business? I still don't see how TtW helps anything, please explain! For one year you don't count income but you can't save it, unless you put it into an ABLE account, then they pull the rug and income caps even lower than with SSI. You can't get SSDI unless you have worked in the past or have an old retired parent. TtW could maybe get you SSDI if that work counts. [SSI]800-[with max income]1400/mo. to [SSDI]1200-[with max income]2400. But you just now actually take more from the government, you didn't grow more independent. And now you don't qualify for low income housing so a 400/mo. rent/util is 1800-3000/mo. But the amount leaves you better doing nothing instead of making maybe 400-1000 more per month and living in constant fear of losing everything... If they really wanted to "support" income and savings caps for PWDs would be made unconstitutional! I totally agree research is key, but I continue to not find entities that know the whole picture. I really appreciate any contacts and resources!
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brinzerdecalli
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Post by brinzerdecalli on Sept 18, 2020 11:50:52 GMT -5
Look into ABLE accounts. Most states have a maximum of $100,000 I have one but you can only put in 15k/year anything and 12k/year income and any funds can't be used to build a business, just medical related expenses.
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brinzerdecalli
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Post by brinzerdecalli on Sept 18, 2020 12:13:03 GMT -5
So that is a yes to "Grants would not count as an asset once it is invested in a company, but crowd funding is?!"? Oh awesome! What sort of business do you have and what programs/waivers did you use to build up the entity w/o losing benefits? What all benefits did/do you receive? If this is too personal for this forum, feel free to DM me. Yes, but before getting someone to invest/partner up it is not uncommon to save 10-20k min to invest in a prototype, mock up, or small scale operation to prove viability. I don't know about the grants, it's a probably, because it sounds like it would work. It depends on if grants are considered assets, but I would think not because there are terms to the use, you don't have the freedom to use them however you want. So in effect it would be someone else's asset. For business ideas, this sounds pretty reasonable. It's hard to say about crowdfunding, I want to say it would work the same way, but that seems iffy. Still, if that works, I would definitely do it. When I say entrepreneurial, I meant that I'm pretty independent about my career goals, rather than being an employee. I have some side business doing editing and some tutoring, but I don't make so much money that it puts me beyond asset limits. They aren't long-term career goals, they are just things I enjoy doing that can give me some extra money. I'm pursuing academics right now, and I have some entrepreneurial ideas once I finish a PhD based on the research I would do. Anyway, I don't have a full-time business venture right now. But even if I did, I put my assets with a trusted family member. I do that with assets I have right now, so that's how I avoid all the problems you are running into. I mean, is there really no one in your life you can trust? They don't have to be the one deciding how to use your assets of course, you just have to trust them to leave it alone. Given your situation, the common route for early investment would probably not work. Read the post I just made to see why I am unsure of grants working. Got ya.. GL with your pursuits! Yeah, no... I gently bring up the idea with friends I trust all the time, but no takers yet... people are really weird with money. And it kinda being illegal does not help... It is honestly a big ask and I respect their boundaries. I have gotten many offers from shady characters though... Looking at you someonerandom
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Post by Green on Sept 18, 2020 14:03:55 GMT -5
Yeah, no... I gently bring up the idea with friends I trust all the time, but no takers yet... people are really weird with money. Then don't be so gentle. You seen more worried though about something being illegal or not. Just ask a disability rights lawyer.
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Post by Corey on Sept 18, 2020 14:12:17 GMT -5
Look into ABLE accounts. Most states have a maximum of $100,000 I have one but you can only put in 15k/year anything and 12k/year income and any funds can't be used to build a business, just medical related expenses. It’s $27k a year if you don’t have an employer sponsored retirement account. And it’s not just for medical expenses, it’s for basically any living expense. And you can still use it for non-disability expenses, you will just need to pay taxes on it. I don’t see why this wouldn’t work for you
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Post by sy on Sept 18, 2020 17:33:47 GMT -5
The only thing I would recommend for someone who's not going to be an investor overnight. You should buy a hundred bucks worth or whatever extra capital you have, and just set it aside who knows what it will be worth in 5 years. I'm not telling you to put a huge chunk in it either so don't get me wrong.
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