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A Pooled Income Trust is a unique type of trust operated by a federally approved 501(c) (3) that allows disabled individuals of any age to preserve their income and assets, so that they may become or retain financial eligibility for public benefits such as Medicaid Home Care.

Under current New York Medicaid law, income in excess of the monthly Medicaid allowance must first be spent down on home care or medical expenses prior to receiving Medicaid coverage. Unfortunately, the guidelines do not exempt living expenses, such as rent, food, clothes, or utility services when calculating an applicant's excess income. As a result, Medicaid recipients may not have a sufficient amount of funds to maintain their standard monthly living expenses.

Per state and Federal regulations, any disabled individual that deposits their monthly excess income into a Pooled Income Trust will not be subject to rules that regularly apply to monthly excess income. The deposited income will therefore not be counted as available income required to be spent down.

The beneficiary or authorized representative must submit a completed and signed Joinder Agreement accompanied by the enrollment fee.

By establishing a Pooled Income Trust, the beneficiary obtains the benefit of having their monthly income available to them to pay for their living expenses without contributing to the cost of their medical care.