Medicaid allows an applicant to keep resources up to $14,850. If you receive a lawsuit settlement, inheritance or any other lump sum of money, you can protect these assets from Medicaid by placing the funds into a LIFE Medicaid pooled asset trust.
Once deposited into the trust, you can use the funds to pay your own bills; Pay your rent, mortgage, taxes, utility bills, even credit card bills using the funds you deposit into the trust.
It’s that simple. The LIFE Trust allows you to remain eligible for Medicaid and use your money to pay your bills. Call the LIFE Trust today to find out more.
For help with the application or any questions about LIFE’s trusts, please call us at 516-374-4564 extension 3. The application should be sent to:
LIFE, Inc., Pooled Trust Department
112 Spruce Street – Suite 5
Cedarhurst, NY 11516