A QIT is a special type of trust for seniors in need of long-term care whose income exceeds Medicaid caps. A trust allows a third party (trustee) to hold assets on behalf of a beneficiary.
A recent report was issued that reviewed a number of state’s Medicaid Assisted Living Waiver Program. These programs provide Medicaid funding to assisted living or in-home care. The report found that providing public benefits to eligible individuals before they required skilled nursing care reduced the state’s overall Medicaid expenditures. Further, it provided options …
How to Pay for Assisted Living – Medicaid’s Assisted Living Waiver Program Read More »