There are a lot of hoops you have to jump through when someone needs long term care Medicaid benefits. One trap in many states is a monthly income cap. If your loved one has income in excess of the state’s income cap they could be financially ineligible for Medicaid benefits. Fortunately, however, many states have adopted Qualified Income Trusts, otherwise known as a QIT or a Miller Trust. Using a qualified income trust can help your loved one get Medicaid benefits even if their income exceeds the state’s monthly income cap.
Listen to this episode of the podcast to learn how a qualified income trust can help your loved one achieve Medicaid eligibility.
Thanks so much and all the best!
P.S. Remember that nothing in this podcast episode is legal advice. This episode is information to help you identify issues as you help your elderly loved one. Thanks again!