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PLEASE NOTE: The funding procedure for new accounts has changed. New accounts can now fund a trust by mailing a check directly to the bank or by a one-time electronic deposit. See instructions.
News and video coverage featuring NYSARC Trust Services.
NYSARC Trust Services' Chief Operating Officer, Heidi Flatt, CPA CGMA, discusses how a pooled trust can help seniors qualify for Medicaid and get care at home with Heather Kovar of CBS6 Albany, NY.
“It is a tremendous value to those who need community long-term care, home healthcare, and don’t think that they’re eligible for Medicaid,” said Irina Yadgarova, an elder care attorney in Rego Park.
Although pooled income trusts are particularly valuable for people who earn a middle-class or lower middle-class income, they are also sometimes useful for those with much higher incomes. In many cases, Yadgarova said, “They’re eligible, with trust planning, but they don’t know about it.”
"Here's how it works: a federal law established in 1993 allows disabled people to put their monthly income or assets — above the amounts Medicaid allows them to keep — into a special type of pooled trust."
"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."
"Yours is the gold standard by which all agencies should be measured."
"The quality of service offered by NYSARC Trust Services is unparalleled."
"With a NYSARC trust we know she will always be cared for."
"You enable seniors to live their remaining lives with dignity. The work you do is appreciated more than you know."
"Your organization is a magnificent group of people dedicated to providing the elderly and disabled with a life of dignity."