Accounting services
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Details 
Preserve
Your
Income
Preserve
Your
Income
Preserve your income and still qualify
Preserve your income and still qualify
Preserve your income and still qualify
Preserve your income and still qualify
Preserve your income and still qualify
Preserve your income and still qualify
The Medicaid administrators implemented income limits for beneficiaries with the intention of ensuring that the benefits are directed to those who truly require them. However, a significant issue arises as many elderly or disabled individuals living on a fixed income often find themselves marginally exceeding the Medicaid limit. Consequently, they are compelled to allocate their limited resources to cover medical expenses until they become eligible for Medicaid coverage.
At SLC Trust, we make it simple to open your Pooled Income Trust account.
We understand and respect the unique needs and situations of each of our members. At SLC Trust, we acknowledge the individuality of every member’s requirements.
Our dedicated Coordinators are devoted to actively listening to new members, comprehending their needs, and delivering personalized services tailored to their lifestyle.
Our steadfast commitment to delivering exceptional customer service mirrors our dedication to nurturing long-term relationships with our members’ needs.
Join the SLC Trust family and let us take care of you!
Services we offer
Project management
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DetailsBenefits
Pooled Income Trust and how it works:
If your income surpasses Medicaid’s eligibility threshold, it will be placed into a dedicated Pooled Income Trust established by us. You can still use this money for your daily expenses, but it will not be considered as “surplus income” in terms of Medicaid eligibility. As a result, you can have your medical expenses covered by Medicaid while using the excess income for other essential expenses. It’s as straightforward as that.
Spending Down
In this instance, the individual would need to allocate $823.30
towards medical expenses before
becoming eligible for Medicaid coverage. This is money that could have otherwise been used for essential living costs such as food, rent, and other expenses.
Medicaid income limit as of 2024. *This number is subject to change.** Medicare Part B is the component of Medicare that covers your preventative care and doctor visits. Outpatient surgery, laboratory work, and medical equipment also fall under the Part B umbrella. Average amount as of 01/2024
What We Do
Leveraging a well-established approach, we aim to assist elderly and disabled Medicaid recipients in retaining surplus income to cover their nonmedical monthly expenses, such as rent, groceries, and utility bills, thus addressing the essential daily living costs
The Pooled Income Trust Roadmap
01.
Set up your
SLC account
02.
Deposit excess
income into SLC
03.
Receive SLC
credit card
04.
SLC will load the card up to three days after surplus was withdrawn
05.
Keep your money and be eligible for Medicaid
Set up your
SLC account
Deposit excess
income into SLC
Receive SLC
credit card
SLC will load the card up to three days after surplus was withdrawn
Keep your money and be eligible for Medicaid
Set up your
SLC account
Deposit excess
income into SLC
Receive SLC
credit card
SLC will load the card up to three days after surplus was withdrawn
Keep your money and be eligible for Medicaid
Secure Your Income with Our Trust
Once you have decided that the Pooled Income Trust is the best option for safeguarding your income, we will assist you in opening an account. The process is simple, and your dedicated Case Manager will provide guidance at every step.
If you meet the eligibility requirements, you will need to complete a series of forms to open your Trust account. These forms require basic information and are accompanied by simple instructions. Once we receive these forms along with your enrollment payment, your account will be established. The application process may take a few days, but we will notify you or your authorized representative once the application has been accepted or if we require any additional information.
- We will guide you through the process of opening an account.
- Once you receive your starter packet, you already have the following forms that need to be filled out.
- Joinder
- DOH Docs
- Disability Questionnaire
- HIPPA Release
Fees
-
Enrollment Fee* $300
-
Annual Renewal Fee $150
-
Monthly Administrative Fees** 12%
Contact Us
*The Pooled Income Trust was created by Congress in 1993 as a provision within the amendments to the Omnibus Budget Reconciliation Act. This provision allows for the utilization of Supplemental Needs Trusts to benefit seniors and individuals with disabilities of any age.
For general inquiries & questions, contact us via email
PATIENT PORTAL UNDER MAINTENANCE
Downloadable Forms
Or call us, our phone support is open from 9 to 5.
Feel free to give us a call.
- 718.500.3235
- 718.500.3225
- info@slctrusts.org
Mailing Address
- 5014-16th Ave, Suite 489
- Brooklyn, NY 11204
Featured cases
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