What is a self-funded Pooled Disability Trust?
The Pooled Disability Trust (PDT) is self-funded by the individual with a disability. The Grantor can be the Beneficiary, the Guardian, Conservator, parent, grandparent or court. The assets must be the Beneficiary’s own and can be acquired through an inheritance, insurance settlement, social security back payment and sale of property or some other means. For Beneficiaries who receive Medicaid, this trust is a Medicaid payback trust. For clients who are 65 years of age and older and receive Medicaid Long Term Care, the eligibility requirements for a self-funded trust vary from state to state. The federal Omnibus Budget Reconciliation Act of 1993, known as OBRA, is a federal law that defines who can have a trust and still qualify for public benefits and how the trust can be established. OBRA allows people with disabilities to place their own money into an irrevocable Pooled Disability Trust and still be eligible for SSI and Medicaid. OBRA trusts can be set up to prevent personal funds fr
