Paying For Long-Term Care

This type of trust is set up by the beneficiary and is not a government program. There are two types of Medicaid Disability Trusts that don’t need to meet the rules regarding trusts and Medicaid eligibility. They include:

1. A parent, grandparent, or legal guardian can establish a trust for a disabled person under the age 65, and
2. A non-profit association keeps a separate account for each beneficiary.

With either type of trust, if you get Medicaid benefits, the state will get their money when you die.

Listed below are some opportunities and requirements/limits for Medicare Disability Trusts:

Page Last Updated: July 2, 2007

Source: http://www.medicare.gov/LongTermCare/Static/MedicaidDisability.asp