Establishing a LIFE Medicaid pooled income trust is the best way to qualify to receive Medicaid services and shelter your income. Medicaid allows only $825 of monthly income for an individual ($1209 for a married couple). Anything above that amount is considered “surplus” income. By depositing your surplus income in the trust each month you remain eligible for Medicaid, and you can use the money in the trust 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.
You can download our Pooled Income Trust agreement here.
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
