In order to join a Pooled Income Trust, you must be a Medicaid recipient, and to join the KTS trust specifically, the beneficiary must also be a resident in the state of New York.
If you are applying for Medicaid but find you do not qualify for benefits, joining a Pooled Trust will help you gain eligibility by depositing excess income monthly into the trust. The income can then be used to pay your approved monthly expenses.
To qualify, the beneficiary (you or your loved one) must be 65 years or older, or have a disability as defined by the Social Security Act, the law that governs such requirements.
The trust account must be established by the beneficiary, their Guardian, or a Power of Attorney.
Your excess monthly income over the Medicaid income allowance must be deposited into your trust account.