Thursday, June 6th @ 10 AM

Pooled Trusts to Protect Income and Assets

Pooled trusts can help a person protect their own income and assets and make it possible for families to leave an inheritance to their loved ones without jeopardizing their benefits. Learn the unique advantages of pooled trusts and when it makes sense to consider joining a pooled trust.

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Special Needs Trust, New York

Providing Financial Security
and Peace of Mind

Our pooled supplemental needs trust services improve the lives of people with disabilities and older adults by protecting income and assets so they can financially qualify for Medicaid community services and maintain eligibility for means-tested government benefits.

This enables the people we serve to thrive within their community and provide the means to make life-enhancing purchases that are not covered by those benefits.

Purpose of a Trust How It Works

Why Choose NYSARC?

  • shield icon Experienced Benefit Protection since 1972, we have the knowledge to best serve you and your family
  • customer support icon Exceptional Customer Service from a responsive team dedicated to the needs of our beneficiaries
  • online money icon Comprehensive Administrative Fees cover all trust activity, no limit on monthly requests and no annual renewal fees
  • calendar icon Convenient Account Management with electronic deposits and automatic payment options
  • productivity icon 24/7 Access via Online Portal to manage accounts, make disbursement requests, verify deposits, and more
  • document icon Accounts Opened Quickly with low minimum funding requirements

We have the experience and expertise to preserve your financial eligibility for benefits.

About NYSARC Our Impact

Our Beneficiaries Experience the Difference

“NYSARC Trust Services representatives have always been very professional and wonderful people to work with. They are doing great work with helping people in need.”

~ Family of Trust Beneficiary

“Yours is the gold standard by which all agencies should be measured.”

~ Caregiver of Trust Beneficiary

“The quality of service offered by NYSARC Trust Services is unparalleled.”

~ Professional

“With a NYSARC trust we know she will always be cared for.”

~ Family of Trust Beneficiary

“You enable seniors to live their remaining lives with dignity. The work you do is appreciated more than you know.”

~ Caregiver of Trust Beneficiary

“Your organization is a magnificent group of people dedicated to providing the elderly and disabled with a life of dignity.”

~ Community Trust Beneficiary

Our Impact

25000 +

Lives improved by
our services

1972

Long history and
extensive experience

62

Serving all counties
of New York State

$ 30 + Million

Distributed last year for
life-enhancing purchases

Frequently Asked Questions

About Pooled Trusts

We are here to help guide you and answer any questions you have! Review these frequently asked questions for more information and call customer service (518) 439-8323 if you would like assistance getting started.

What is a pooled trust?

A pooled trust is a special type of irrevocable supplemental needs trust where a not-for-profit trustee agrees to manage assets for the benefit of a person with a disability. This allows individuals to protect money to gain and maintain financial eligibility for means-tested government benefits, including Medicaid and Supplemental Security Income (SSI).

Funds deposited into the trust help pay for items and services that are for the primary benefit of the trust beneficiary, such as monthly living expenses and life-enhancing purchases that a person's benefits typically do not provide.

In New York, the non-profit works with a financial institution who serves as co-trustee and manages investments. Separate sub-trust accounts are maintained for each trust beneficiary, however, funds are pooled for investment and management purposes.

Why should I join a pooled trust?

The primary reason to establish a pooled trust is to protect funds so that a person can qualify and/or maintain financial eligibility for means-tested government benefits.

Pooled trusts allow people to reduce their countable income to qualify for Medicaid community services and home care so that they can live independently at home for as long as possible. Pooled trusts are also used to protect windfalls of money that would put a person over the limits to receive Medicaid or SSI benefits. This allows the individual to use the funds throughout their lifetime rather than having to spend them quickly to avoid an interruption or reduction in services.

You will also receive the benefits of working with a team of representatives who will assist you in using the funds in the trust account. NYSARC reviews each request individually to consider it's impact on government benefits and to spend funds wisely on life-enhancing purchases that are for your primary benefit.

Primary reasons to establish a pooled trust...

  • Protect excess monthly income to qualify for Medicaid
  • Preserve funds to avoid going over the limits for SSI or Medicaid
  • Plan for the future of a loved one with a disability
  • Safeguard funds to be spent appropriately and wisely
  • Non-profit trust administration for families who do not wish to serve as trustee
How it works?

By depositing your excess funds into a pooled trust, you can qualify and maintain financial eligibility for benefits and use the money in your trust account to pay for items and services that your benefits do not provide, such as monthly living expenses, uncovered medical costs, adaptive equipment, recreation, transportation, education, and other life-enhancing purchases.

You can deposit funds into the trust by electronic deposits from your bank account or by mailing a check.

When you wish to use the funds in your account, complete a disbursement request form and attach the appropriate documentation for the item or service you would like the trust to pay for. Certain fixed, recurring monthly expenses can be paid automatically on a scheduled day. To learn more, visit How it Works.

How to establish and fund a pooled trust?

A pooled trust is easy and inexpensive to establish because approved trust documents are already in place. To get started, complete the Joinder Agreement (trust application) for the trust you would like to establish from Trust Documents.

For further instructions on where to send your application and initial deposit, visit How to Establish a Pooled Trust.

We are here to help guide you through the enrollment process. Please call customer service at (518) 439-8323 for assistance.

Which trust is right for me?

Review the Trust Comparison Chart or visit Our Trusts page for more information about each of our trust programs. If you have questions, please contact us and we will gladly help you determine the best trust for you or your loved one.

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Contact Us!

PO Box 1531
Latham, NY 12110
Phone: (518) 439-8323 Fax: (518) 439-2670
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