Who needs a Pooled Special Needs Trust?
• Have too much income or assets and need to qualify for government benefits. • Don’t want to “spend down” their monies in order to qualify for benefits. • Need more available income to stay in a community setting or to delay or prevent the need for Nursing Home placement. • Are facing end of Medicaid Nursing Home coverage and are unable to privately pay for their Nursing Home costs. • Need to enroll in the Medically Needy program. • Are enrolled in the Medically Needy program and want their income to be used for personal care outside of medical needs. What can happen if you don’t establish a Pooled Special Needs Trust? If you are an adult with disabilities without a Special Needs Trust to protect your assets, you are risking more than you might appreciate. • You risk losing your public benefits and relying on your own assets to provide for basic care and to maintain your lifestyle. • You risk only being eligible again for public benefits after all your personal assets are depleted. •
