Are there fees for setting up a Pooled Income Trust?
Yes. Each not-for-profit organization may have its own separate fees for the enrollment, maintenance, and administration of the Pooled Income Trust. A comparison of the not-for-profit organizations offering Pooled Income Trusts in your local area may be a prudent attempt to minimize the fees involved. But these fees are typically very small compared to the enormous benefit given by the Pooled Income Trust. • The fees however, are not nearly as small as they once used to be, and so it is worth comparison shopping. • The client theoretically also earns interest on the balance in the trust, but that interest is not generally considered income because it is offset by the not-so-insignificant fees. What bills can be paid with a Pooled Income Trust? Generally, the Pooled Income Trust will pay expenses for food, clothing, shelter, and basic health care costs of the Medicaid applicant. However, as long as the expense is reasonable for the individual’s care and comfort, then the Pooled Income T
