Financial

Life Plan of Kentucky is a pooled special needs trust for Kentucky residents with disabilities. As a non-profit organization, Life Plan of Kentucky, Inc. can serve as Trustee for both First Party (the person with a disability’s money) and Third Party (a family member or other person’s money) Special Needs Trust accounts. Life Plan’s goal is to enrich the lives of our clients and their loved ones. We do this by offering great care and attention to detail as we try to enhance the quality of life of our clients. We also ease the financial responsibilities and burdens of money management for beneficiaries and their families.

What is SSDI? Social Security pays disability benefits to you and certain members of your family if you have worked long enough and have a medical condition or disability that has prevented you from working or is expected to prevent you from working for at least 12 months or end in death.

A STABLE Kentucky Account is an investment account available to eligible individuals with disabilities. STABLE Accounts are made possible by the federal Achieving a Better Life Experience (“ABLE”) Act. STABLE Accounts allow individuals with disabilities to save and invest money without losing eligibility for certain public benefits programs, like Medicaid or SSI.

What are State General Funds? State General Funds are dollars that Community Mental Health Centers can use flexibly. These dollars can fund short-term supports that include but are not limited to respite, crisis intervention, and case management.

What is SSI? SSI is a federal income supplement program funded by general tax revenues and not Social Security taxes. It is designed to help aged, blind and individuals with disabilities that have little or no income. SSI provides cash to meet basic needs for food, clothing and shelter.