Planning for Life

5 Reasons to Use a Pooled Trust for MassHealth

Posted by Harry S. Margolis on June 18, 2019

By Harry S. Margolis

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A recent case in our office highlighted the benefits of using a pooled trust when spending down for MassHealth eligibility. Our client, who has Lou Gehrig's disease, paid privately for his care until he ran down his savings. When we met with his daughter, the client still had about $12,000 in the bank. We explained the option of transferring this money to a pooled trust for her father's benefit as a reserve for her or whatever her father may need.

Under the MassHealth rules, there's no transfer penalty for money deposited in a pooled trust for the benefit of the applicant for coverage.

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Topics: Medicaid planning trust, pooled disability trust

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