FAQs
There are many frequently asked questions about a Surplus Income Trust. Below is a list of the most common questions and answers.
A Surplus Income Trust (also known as a Medicaid Trust) is for an individual who qualifies or who remains eligible for Medicaid to help pay their bills and living expenses. The trust allows you to shelter surplus income that would otherwise deem you ineligible for Medicaid.
The spend-down is the amount of money over the allowable amount given by Medicaid. There is set rate per state and if your monthly income is higher, without a Surplus Income Trust, you would need to send that surplus income back to the state.
Click below for your Joinder Agreement, sign it, have it notarized, and mail, fax or scan to our office or we can do it with you in our office.
You can use our ACH option or write us a check each month. Click below for the ACH form.
Just about anything you need to pay to live day to day. There are a few exceptions that are prohibited by Medicaid Law: alcohol, tobacco, firearms, gambling, life insurance, health insurance, gifts or donations. Everything else is permissible (i.e. rent, food, pre-paid funeral expenses, any kind of bill, credit cards, etc.).