Can an ALTCS member use private funds to supplement the care he receives from Arizona Medicaid?
While the ALTCS benefit is tremendously helpful by itself, members can sometimes improve their quality of life by supplementing the benefit with additional funds. The catch here is that members who receive sudden increases in their income or resources can exceed Medicaid qualifications and thus lose their ALTCS eligibility. Of course, with proper ALTCS planning, those who apply for Arizona Medicaid may supplement their care without triggering penalties. For example, an ALTCS member may use a special needs trust to set money aside that will neither count as resources nor income for purposes of ALTCS eligibility. There are strict rules surrounding these trusts, however, so ALTCS members should always consult with an Elder Law attorney about their creation and administration.
Related Questions
- How will the ARRA funds be included in the calculation for proportionate share of IDEA funds for services to parentally-placed private school children?
- Do all facilities work with ALTCS, (Arizona Long Term Care System) or Medicaid? How do finances play a role in placement?
- How do private pension funds operate?
