If you, or a loved one, needs community Medicaid to care for a disability or chronic condition but are concerned about meeting the eligibility limit for monthly income, a pooled supplemental needs trust (SNT) could help you qualify!
A pooled SNT can also help people who already qualify for Medicaid, but have to spend-down any excess monthly income/Net Available Monthly Income (NAMI) on medical needs. By depositing a spend-down into a pooled SNT a person can maintain benefit eligibility and the funds in the trust can pay for personal and supplemental needs.
A pooled supplemental needs trust (SNT) can help people with disabilities and aging New Yorkers qualify or maintain eligibility for Medicaid to remain in the community for as long as possible.
How does it work? Watch this video to learn how this beneficiary was able to utilize a NYSARC Community Trust II to get care at home and avoid a nursing home!
Millions of people with disabilities and chronic conditions, including children, adults, and seniors, utilize Medicaid services to meet a variety of medical needs, including long-term care services.
These benefits can make remarkable improvements to a person’s quality of life by supplying basic health benefits and personal care needs. However, to qualify or maintain eligibility for Medicaid benefits, a person must meet strict income and resource limits.
Federal and New York State law both permit the use of a pooled trust by persons with disabilities as a way to protect monthly income and excess resources when determining Medicaid eligibility. In fact, a pooled trust is the only option for an individual who is over the age of 65.
It is important to understand that as a condition of this statute, by enrolling in the trust you are relinquishing control of the funds you deposit.
Upon request, a trustee like NYSARC, Inc., will distribute the funds for the sole benefit of the beneficiary to purchase eligible items and services when provided with required documentation.
This enables people with disabilities to remain in their communities with greater comfort and independence while providing peace of mind to their family and loved ones.
Trust funds can pay for many things from personal care needs to rent and utilities to companionship and therapeautic services, but not all requests can be paid and are made at the sole discretion of the trustee.
For more information, please contact our Beneficiary Support Team (518) 439-8323. We would be happy to assist you!
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.