If a supplemental needs trust is under $100,000, do you still need to provide full accounting to NYS Medicaid?

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wraith25 Asked May 2018

If a supplemental needs trust is under $100,000, do you still need to provide full accounting to NYS Medicaid?

Asset Limits Financial Planning Medicaid

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score 0 · Answer 1

Do you mean Special Needs Trust? Is it irrevocable. If so, they can't count it as income but they need to know about it. I fill out paperwork for my nephew every year and include this info. If a revocable trust, thats something different. I would contact Medicaid and ask.

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score 2 · Answer 2

This is DEFINITELY a question for Medicaid, or for an attorney with Medicaid practice.

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If a supplemental needs trust is under $100,000, do you still need to provide full accounting to NYS Medicaid?

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