Many New Yorkers who need Medicaid home care or assisted living services face a difficult challenge: their monthly income is too high to qualify, even though they still struggle to afford care. The Theresa Pooled Income Trust helps solve this problem.
What Is the Theresa Pooled Income Trust?
The Theresa Pooled Income Trust is a special type of pooled trust that allows individuals of any age to place excess monthly income into a trust, making that income non-countable for Medicaid eligibility purposes.
This trust is especially helpful for individuals seeking Medicaid home care, community-based services, or assisted living support while still needing access to their income for everyday living expenses.
Who Is the Income Trust Designed For?
The Income Trust is often used by:
- Seniors aging at home who need Medicaid services
- Individuals receiving community-based Medicaid benefits
- Assisted living residents under New York Medicaid programs
- People whose income exceeds Medicaid eligibility thresholds
Why Join the Theresa Pooled Income Trust?
When income is placed into the trust:
- Medicaid does not count it as available income
- Individuals avoid monthly spend-down requirements
- Income can still be used for approved living expenses
- Medicaid eligibility is preserved without financial hardship
What Can Trust Income Be Used For?
Funds in the Income Trust may be used for:
- Food, clothing, and housing (non-SSI beneficiaries)
- Rent, utilities, and homeowner expenses
- Supplemental home care services
- Medical costs not covered by Medicaid
- Transportation, travel, and personal needs
If your income is preventing you from qualifying for Medicaid services, the Theresa Pooled Income Trust may be the solution. To learn more or start the enrollment process, please contact us at TP*@***************on.org or 1-877-391-0390. We look forward to the opportunity to work with you.
Disclaimer: The information provided above is for general informational purposes only and is not legal advice.