Are you, or a loved one, entitled to receive settlement proceeds from a personal injury, medical malpractice or other lawsuit that would jeopardize your eligibility for means-tested government benefits such as Medicaid and/or SSI?
NYSARC's Community Trust I and Community Trust III programs qualify as pooled supplemental needs trusts that allow people with disabilities to deposit proceeds from a lawsuit, as a lump sum payment or structured settlement, so that those funds are disregarded for benefit eligibility purposes.
This allows people with disabilities to safeguard the essential benefits that support their daily living needs while the settlement proceeds deposited into the trust can pay for uncovered medical expenses and purchase life-enhancing items and services not covered by Medicaid and/or SSI.
Benefits of a NYSARC Pooled Trust?
Establishing an SNT on your own can be costly to set up and maintain. With a pooled SNT, you get all of the benefits of working with a professional trustee with extensive fiduciary and wealth management experience and the cost savings and efficiency of a pooled trust. You may consider a pooled trust when:
Are you an attorney assisting a client with a disability who needs to protect settlement proceeds? Download this brochure for more information.
Does your settlement include a Medicare Set Aside (MSA) Account? We can help with that too! Learn more >>