I HEARD THAT A POOLED TRUST DOES NOT HAVE TO REPAY MEDICAID. WHY BOTHER USING A SUPPLEMENTAL NEEDS TRUST?
Pooled Trusts Arent For Everybody Pooled or Cooperative Master Trusts are a special form of Supplemental Needs Trust which can be established by not-for-profit organizations or groups on behalf of their membership (for example, a group home may create one for its residents). In theory, Cooperative Master Trusts are an excellent device to aid the disabled. In practice, they have many drawbacks. Cooperative Master Trusts are no longer exempt from the Medicaid repayment rules. Medicaid has implemented recent rule changes that specifically state that funds placed in Cooperative Master Trusts ARE subject to the 36-to-60 month asset transfer look back period under certain specific circumstances; hence, transferring funds to a Cooperative Master Trust MAY disqualify a beneficiary from benefits for up to five years. The money that is placed in a Cooperative Master Trust is used generally to address the needs of all the members of the group, not just the specific needs of your disabled family m
