Government Benefit Preservation

Ohio, Michigan, & Nationwide

Many people apply for government benefits in this country each year, and the federal and state agencies administer many programs to meet this need. Often, people encounter difficulty in getting and maintaining the benefits they deserve. If you need reliable assistance for your family, you can contact CW Settlements to learn more about Ohio and Michigan government benefit preservation. We can then go over your preservation options.

Government Benefit Preservation

If you receive a settlement after winning a legal claim, you have many important decisions to make. A claim can impact your government benefits, especially needs-based programs like SSI and Medicaid, if the settlement puts you over the asset or income limits. To protect your eligibility for a specific program, consider preserving your benefits with a knowledgeable consultant’s help at CW Settlements.

Our team members can determine whether it may be useful to organize your settlement as a structured settlement or if setting up a special needs trust (SNT) could be a more ideal solution. Certainly, maintaining your eligibility for benefits is one of the most critical issues to consider when thinking about settling a legal claim.

Eligibility for Government Benefits

The Department of Health and Human Services reports that about 5.8 million people were newly awarded Social Security benefits in 2023. In total, more than 71 million people received SSA benefits that year. For 2024, the Supplemental Nutrition Assistance Program (SNAP) provided assistance for about 41.7 million people each month. Also, in 2022 alone, about one in four people across this country received Medicaid assistance.

It’s critical that you consider how you may be impacted by the financial implications of a settlement, as having no plan is a plan to fail. Some government benefits are not impacted by a settlement; however, many programs are absolutely affected. These traditionally include:

• Supplemental Security Income (SSI)
• (SNAP)/Food Stamps
• Medicaid
• Temporary Assistance for Needy Families
• Children’s Health Insurance Program (CHIP)
• Subsidized Housing

Work With the Team at CW Settlements

Don’t assume your settlement is going to cover all your expenses. Furthermore, for many families, losing government benefits can be devastating. Reach out to our team to see how your current or potential expenses may quickly deplete your settlement funds. We can explore:

• If you are currently eligible for government benefits or may be eligible in the future
• How we can protect your eligibility for benefits to maximize your legal settlement proceeds

We can determine if a structured settlement with small, regular payments over time may be right for your situation. Alternatively, we can consider whether a special needs trust would benefit you.

At CW Settlements, our compassionate consultants provide reliable information so you can make informed decisions. We can protect your vital benefits and enhance your settlement funding.

Learn About Government Benefit Preservation From CW Settlements

If you’d like to learn about government benefit preservation from knowledgeable professionals, CW Settlements can explain what they are and explore your Ohio and Michigan government benefit preservation options. We can protect your financial future while allowing you to maintain your essential government assistance. As either an attorney or a claimant, contact us to hear how we can provide assistance.