Advocate's Outline on Supplemental Needs Trusts and Rules for Impact of Lump Sums on Various Benefits

New:  View recording of 2-part Webinar about Supplemental Needs Trusts in NYS.  Click here for links to view the recordings and download the PowerPoints.

This in-depth training manual or outline (updated January 2019) covers how Supplemental Needs Trusts work (both individual and pooled), when an asset or lump sum may be deposited into an SNT.  For Community Medicaid only, income may also be placed into an SNT.  Explains how lump sums and SNTs affect eligibility for SSI, Medicaid, Section 8, SCRIE/DRIE, SNAP,  Temporary or Public Cash Assistance/HASA, and other  public benefits, including new rules on the Veteran's Pension. 

NEW March 2020 - a Power of Attorney used to enroll a beneficiary into a pooled trust or to establish an SNT NO LONGER must have a Statutory Gift Rider.  See GIS 20 MA/03 – Clarification of GIS 19 MA/04, “Clarification of Policy for Treatment of Income Placed in Medicaid Exception Trusts”   See more here about the directive and how it came about from advocacy from the NYS Bar Association Elder Law & Special Needs Section. 

The 2019 edition includes:

  

Other information about Pooled Income Trusts -  See Related Articles below.



Article ID: 5
Last updated: 15 Mar, 2020
Revision: 12
Medicaid -> Supplemental Needs Trusts -> Advocate's Outline on Supplemental Needs Trusts and Rules for Impact of Lump Sums on Various Benefits
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