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When you choose NYSARC Trust Services, you are getting knowledge and experience your firm can trust and exceptional customer service that your clients can depend on.
Since 1972, NYSARC Trust Services has been an industry-leading administrator of special needs trusts and pooled trusts. Renowned for its knowledge of government benefits, compassionate service, and ability to meet the complex needs of people with disabilities.
NYSARC Trust Services is here to support you and your clients in navigating the demands of preserving benefit eligibility and protecting your clients’ assets by establishing a pooled trust.
NYSARC Trust Services can help your clients:
Established under Section 1917(D)(4)(C) of the Social Security Act 42 U.S.C. § 1396p(d)(4)(C), a pooled trust is managed by a non-profit organization such as NYSARC, Inc. (dba The Arc New York) and contains the assets of many different individuals, each held in separate sub-trust accounts.
A pooled trust is typically needed to protect a person with disabilities' access to means-tested government benefits, such as Medicaid and Supplemental Security Income (SSI), while also preserving future eligibility for services.
Benefits even under age 65
A pooled trust is quick and inexpensive to establish and maintain – making it a great option for clients even under the age of 65. It also offers the benefits of professional trust administration at an affordable cost and greater investment power for modest sums of money.
The NYSARC, Inc. Community Trust II program helps older adults and people with disabilities who have a Medicaid income spend-down and/or resources that exceed the Medicaid financial limits.
By depositing the Medicaid spend-down into a pooled trust, your clients can access Medicaid services while being able to afford their monthly living expenses to maintain comfort in the community. This trust can benefit clients who are seeking Community Medicaid for home care, to enroll in a managed long-term care plan (MLTC) or self-direct care through a Consumer Directed Personal Assistance Program (CDPAP), as well as other Medicaid waiver programs (TBI, NHTD, OPWDD, etc.)
For more information, review the documents for Community Trust II.
The NYSARC, Inc. Community Trust I and Community Trust III programs also assist people with disabilities who come into a windfall of money, either as a lump sum or structured payments. Instead of being forced to spend-down these funds quickly, your clients are able to use the funds throughout their lifetime to provide for items and services not covered by government benefits and purchases that are purely life-enhancing.
Listed below are the items currently required when submitting an application:
For more information, please reference these detailed instructions on how to enroll.
Under the Special Needs Trust Fairness Act (2016), a person with a disability can now create a trust on their own behalf using their own assets provided that they have the capacity to sign a legal document. Under current law, a parent, grandparent, legal guardian, agent under Power of Attorney, or court can also establish a first-party special needs trust to hold the beneficiary's assets.
The person or entity establishing the trust with the assets of the legally competent individual with a disability or transferring the assets of the individual to the trust must have legal authority to act with respect to the assets of the individual.
For more information, call (518) 439-8323 and we would be happy to assist you!
"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."