Follow
Share

Hi,


We are in the process of applying for Medicaid ( Mass health). Our lawyer is pushing for us to put the excess in a pooled trust. Does anyone have any advice or experience in dealing with a pooled trust? Any issues getting things for the recipient? It was explained to me that someone would come out to meet with me & my mom & determine her needs, wants (getting hair done, nails, clothes). Just don't want to make the wrong decision.


Thanks!

This question has been closed for answers. Ask a New Question.
We have a pooled trust and it works fine. We pay her utilities out of the pooled trust -- send them receipts and they make out the checks. There is a small administrative fee but worth it to keep her eligible for medicaid.
Helpful Answer (1)
Report
Gerip1092 Dec 16, 2018
Thank you, ate there limits on what it can be used for? Example, decorations for her room for the holidays, special snacks?
(0)
Report
It makes it possible for her to be on Medicaid. Since her income is over what Medicaid allows, and she does not have resources to pay out of pocket, the overage is put in a special account for Medicaid to claim when mom passes. It is a work around when resources are limited.
Helpful Answer (1)
Report

Its called a Miller trust in NJ. Your LOs income must exceed what Medicaid allows. So, the trust is set up for the overage. Once the LO passes, the trust money goes to Medicaid.

Another member may know more about Mass.
Helpful Answer (1)
Report
katiekat2009 Dec 16, 2018
So what's the advantage of having a trust over selling all assets and using for care?
(0)
Report
See 1 more reply
This question has been closed for answers. Ask a New Question.

Ask a Question

Subscribe to
Our Newsletter