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What is a Pooled Trust?

Pooled Supplemental Needs Trusts (SNT)

A pooled trust is an irrevocable supplemental needs trust (SNT) that, under Federal and New York statute, allows people with disabilities and elderly individuals to spend down excess funds in order to become financially eligible for government benefits such as Medicaid and/or Supplemental Security Income (SSI).

Pooled trusts give people with disabilities a way to qualify and maintain eligibility for benefits while utilizing the excess funds they deposit into the trust to pay for items and services not covered by those benefits.

In accordance with Federal statute, pooled trust accounts close upon the death of the beneficiary. Any funds that remain in the account must be retained by the trust or paid to the State(s) that provided Medicaid services on behalf of the beneficiary. 

Who is eligible for a Pooled Trust?

New York residents of any age who are disabled as defined by Social Security Law can establish a pooled trust to deposit excess monthly income and/or resources so that those funds are no longer considered when determining a person's eligibility to receive services through means-tested government benefits.

Benefits of a Pooled Trust

  • Qualify and maintain eligibility for Medicaid and/or SSI benefits
  • Protect funds for supplemental needs that enhance quality of life
  • Get care in the community and be able to afford to pay bills
  • Avoid having to spend-down funds quickly

NYSARC Pooled Trust Programs:

NYSARC's Community Trusts are pooled trusts, which qualify as supplemental needs trusts for people with disabilities as described under Social Security Law Section 1614(a)(3)[42 USC 1382c(a)(3)]. These programs are first party SNTs, meaning they are are funded with the personal income and/or assets of the person with disabilities:

Community Trust I - pooled trust for asset protection
Community Trust II - pooled trust for monthly income or Medicaid Spend-Down trust
Community Trust III - pooled trust for assets $250K+ asset

Not sure which trust is best for you? Call (518) 439-8323 and our team can help guide you!

How it Works?

Pooled trusts are established and managed by a not-for-profit  organization, such as NYSARC, and a financial institution serves as co-trustee. Each beneficiary has their own sub-trust account, however the funds are pooled for investment and management purposes.

As Trustee, NYSARC will administer the account and distribute funds for the sole benefit of the beneficiary to purchase eligible items and services when provided with required documentation. Once the funds are deposited into the trust, the money cannot go back to the beneficiary directly in order to protect their eligibility for benefits.

Trust funds can pay for many things, but not all requests can be paid in order to comply with the policies set by the Social Security Administration's (SSA) program operations manual system (POMS).

If you have questions, give us a call at (518) 439-8323! We have an exceptional customer service team available weekdays from 8 AM - 5 PM who would be happy to assist you.

Why You Should Choose NYSARC?

NYSARC Trust Services has been administering supplemental needs trusts since 1972 and is New York's original provider of pooled trusts to spend-down income to qualify for Medicaid. NYSARC has helped thousands of people protect their eligibility for benefits and enhance their quality of life. To learn more, see why so many people choose NYSARC Trust Services!

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