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| Now Showing: Life Event Guide to Benefits |
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| DISABILITY, PERMANENT OF DEPENDENT CHILD | Arranging the financial, custodial, and medical care for a
disabled dependent is one of the most difficult planning challenges. With regard to your benefit plans, there are issues affecting both your Health benefits and your Pension benefits.
Older children who are physically or mentally disabled may be considered dependents if they were disabled before turning age 19 (or 23 if a full-time student), they were covered as dependents at the time they became disabled, and you are eligible for benefits. Once your child reaches the age of 19 (or 23 if a full-time student), you must provide evidence of the ongoing permanent disability.
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Notes
Financial planners advise that special planning should occur for families with a permanently disabled child. The issues are generally the same as for families with minor children. But, because the length of the child's dependency period can be as long as a lifetime, the planning can be considerably more complicated.
A checklist of items you may wish to review are as follows:
- Will
- Living Trust
- Estate Plan
- Establishing a Trust for the Dependent
- Designation of Beneficiary: IRA, 401k, Life Insurance
- Adequacy of Life Insurance
- Adequacy of Disability Insurance
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External related links
(These are listed for your convenience. The sites and the contents of the sites are not sponsored or endorsed by your benefit plans. Use them at your own risk.)
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- National Organization on Disability - Promotes full and equal participation of America's 54 million men, women and children with disabilities in all aspects of life.
- disAbility Online - Maintained by the US Department of Labor Disability Employment Iniatives Unit of the Employment and Training Administration. Provides information on employment resources and services available to individuals with disabilities.
- National Parent Network on Disabilities - Provides a presence and national voice for ALL families of children, youth and adults with disabilities.
- NICHCY - National information center that provides information on disabilities and disability related issues. Children and youth, birth to age 22, are the focus
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