Federal and New York State law both allow a person with disability--as defined by the Social Security Administration--to protect financial resources for the purpose of maintaining eligibility for government benefits by using a pooled supplemental needs trust (SNT).
While receiving benefits, a pooled SNT can help a person with a disability purchase life-enhancing items and services that their benefits do not provide. Enrolling in a pooled supplemental needs trust can make considerable improvements to a person's quality of life and for many of our beneficiaries gives them the ability to remain in their home and in the community they love.
As Trustee, NYSARC will administer the account and distribute funds for the sole benefit of the beneficiary to purchase eligible items and services when provided with required documentation. Trust funds can pay for many things, but not all requests can be paid in order to comply with the regulations set by the Social Security Administration (SSA).
A qualifying pooled supplemental needs trust must meet the following criteria as defined by the Social Security Administration (SSA) program operations manual system (POMS):
NYSARC offers three different first party pooled supplemental needs trust options for protecting excess resources and monthly income including:
Not sure which trust is best for you? Call (518) 439-8323 and our Beneficiary Support Team can help guide you based on your individual needs!
NYSARC Trust Services representatives have always been very professional and wonderful people to work with. They are doing great work with helping people in need.
Yours is the golden standard by which all agencies should be measured.
The quality of service offered by NYSARC Trust Services is unparalleled.