If your income is over the allowed financial threshold for Medicaid, a Pooled Trust will shelter your surplus income. Medicaid will tell us what that amount is. For example if your monthly income is $1900/month, Medicaid will most likely say you must put $80 in the pooled trust which is computed like this $1900 your income - $ 1820 maximum income to qualify for Medicaid = $80, however it is still your money!! The Pooled Trust will pay bills for you or put the balance of your surplus on a restricted debit card, meaning it cannot be used for things like gambling, firearms, tobacco or cash withdrawal. SOUNDS GOOD TO BE TRUE?
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If you want to know more click the link below:
https://senioradvocacygroup.org/pooled-trust-medicaid