![]() ![]() Functionally, the way that these trusts work is that the applicant sends a check to the fund monthly for that amount which exceeds the allowable limit. New York permits an applicant to deposit their excess income into a trust fund, which is referred to as a “pooled trust.” These pooled trusts are created by not-for-profit agencies and are a terrific way for persons to take advantage of the many services available through Homecare Medicaid while still preserving their income for use in meeting their monthly expenses. However, under the New York State Medicaid Rules, individuals who are otherwise eligible for Medicaid have another option. For many couples (and individuals) who rely on their entire income to live, turning over this “excess” income would leave them impoverished and for that reason, Medicaid does not seem like a viable option. Typically, Medicaid would be entitled to any income received by an applicant in excess of this amount as a reimbursement. In addition, because Medicaid is a means tested program, the homecare applicant must not exceed certain income and resource thresholds. For starters, in order for a person to be eligible for Medicaid Homecare Services they must be over 65 and disabled. With careful planning and the use of a nonrofit Pooled Income Trust, many elderly persons are able to age in place, get the homecare services that they need, and preserve their monthly income for payment of household bills. The good news is that an elderly person’s high income does not automatically disqualify them from receiving Medicaid Homecare Benefits. The situation described is a situation in which many elderly couples find themselves. The question: Is there a way to preserve his income for her and secure services for him at the same time?Īnswer: Yes. Medicaid will cover this type of care so long as the recipient is under the income and asset limit set by Medicaid. ![]() Other than that, they do not have much in savings. They own their home and each receive social security and a pension. Even so, neither one is ready to move to assisted living or into a nursing facility. Both are beginning to need assistance with their daily activities. While not necessary for everyone, the end result of joining a Pooled Trust is that trust beneficiaries can receive the public benefits that meet their essential needs while maintaining a supplemental fund that is available to meet their special or supplemental needs that are not provided by public benefits.įor example: The clients are in their 80s. John and Jean, along with the rest of the leadership team, have continued to expand the lines of home health care Venture Forthe offers in order to help as many individuals as possible remain in the comfort of their homes and communities where they can best achieve their maximum potential and independence.A Pooled Trust is a special type of trust that allows individuals to become financially eligible for public assistance benefits while preserving their resources in trust for supplemental needs. Jean has an extensive background in business. John is a Certified Rehabilitation Counselor, Credentialed Alcohol and Substance Abuse Counselor, Licensed Mental Health Counselor, and also a Certified Dementia Practitioner. Prior to Venture Forthe, John served as clinical director at Brylin Hospital and then as clinical director for Lockport Memorial Hospital. John started Venture Forthe with his wife, co-founder Jean (Hogan), in 1997, and the two continue to help people meet their goals of successfully living independently within the community. After his military service, he went on to receive his Master of Science degree in Rehabilitation Counseling and has been dedicated to the health care industry ever since. ![]() John always knew he had a passion for helping people. John Dziewit, was honorably discharged from the Marine Corps serving from 1969-1971 and is a Vietnam veteran. John & Jean Dziewit – Venture Forthe Founders ![]()
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