BENEFICIARY The person for whom the sub-account has been established.
BENEFITS Assistance provided to the Beneficiary through government agencies or other organizations includes various programs such as SSI, SSDI, and MassHealth/Medicaid. Means-Tested Benefits are available only to individuals whose income and/or assets fall below a certain level. Means testing determines eligibility for MassHealth/Medicaid, SSI, and other benefits.
BUDGET An invaluable tool to help prioritize spending and manage money, no matter how much or how little is available. A budget provides a concrete, organized, and easily understood breakdown of how much money is contributed and how much is being disbursed.
