All your questions answered.

A Pooled Income trust is a financial tool that allows individuals with excess income to meet the income requirements for Medicaid while still preserving their eligibility. It is managed by a nonprofit organization, which combines the income of multiple individuals into a "pool" for investment purposes. A Pooled Income Trust allows individuals to transfer their excess income into the trust, thereby reducing their countable income for Medicaid eligibility purposes. The trust will then disburse the funds for the benefit of the individual, such as paying for living expenses not covered by Medicaid.

Yes. A pooled income trust is an authorized financial tool that allows elderly and disabled individuals to manage their excess income while still qualifying for Medicaid benefits. These trusts are operated by nonprofit organizations and are compliant with the regulations set forth by Medicaid and other applicable laws. Reach out to an ECS care manager to ensure compliance with your specific state's rules and requirements.

To join the ECS pooled income trust, you must be a medicaid recipient and resident of New York.If you aren’t eligible for Medicaid, we can help you qualify by getting you approved for disability and putting your excess income into our trust fund. If you're applying for Medicaid but don't qualify, joining a Pooled Trust can make you eligible. You'll deposit any extra income into the trust every month, lowering your income for Medicaid calculations. The money in the trust can be used to pay your approved monthly expenses.

If your income exceeds the Medicaid limits, a Pooled Income Trust can be your solution. By pooling your excess income with others in the trust, you can lower your countable income and meet the eligibility criteria. This way, you won't have to sacrifice your healthcare needs or face financial hardship, giving you peace of mind.

Your spend down can be used to pay for monthly expenses, like rent, bills, auto lease and other, and one-time expenses, like large grocery purchases or credit card bills. Disbursements don’t include purchases for tobacco, alcohol, cash advances or others. Reach out for a detailed list of allowed and denied disbursements.

Yes, you can access the funds held in the Pooled Income Trust to pay for approved expenses not covered by Medicaid. The trust administrator will disburse funds from the trust on your behalf, following the guidelines and restrictions set by the trust organization and Medicaid.

Per federal and state statute, upon the death of a beneficiary, a trust sub-account terminates and all funds remaining in the account must remain with the trust to further the trusts purpose. The trust must be notified immediately of the decedent’s death, and a copy of the death certificate must be submitted. There are no disbursements after death. Authorized representatives have 60 days to submit any outstanding bills prior to beneficiaries death.