What is a Qualified Income Trust (QIT)and do I need one for Medicaid eligibility?
April 25, 2023
POSTED IN: Medicaid PlanningTAGS: Medicaid, Medicaid for Married Couples, Qualified Income Trust (QIT)
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Last weeks blog discussed the return of Medicaid renewals and the danger to some recipients of possibly losing their benefits.We believe now is a good time to give a refresher course in the use of the Qualified Income Trust (QIT), or Miller Trust.Many people had this requirement waived under COVID-19 rules and are now realizing they must utilize this trust to remain Medicaid eligible.
What is a QIT and do you need one to qualify for Medicaid?What is a QIT?A QIT is needed when a nursing home residents income exceeds the Medicaid income cap for eligibility.In 2023, the Medicaid income cap is $2,742.00.So if the residents gross income exceeds this amount, they must deposit excess income into a bank account titled in the name of the QIT each month to receive Medicaid benefits.What are the requirements for the QIT?The first step is to put the QIT document in place.
The trust must meet the following requirements:It must be composed only of the income of the Medicaid recipient.It must be irrevocable.It must contain no resources.It is not used as an asset protection tool.It must provide that at the Medicaid recipients death, the remainder of the trust will go to the Department of Community Health (DCH), up to the amount that was spent on the Medicaid recipients care.The QIT must not be backdated.This means that time is of the essence if a QIT is necessary.The QIT must be established in Georgia.
A QIT established in another state cannot be used to qualify in Georgia.The Medicaid recipient can sign the Qualified Income Trust (or their Power of Attorney or court appointed conservator) but the Medicaid recipient may not be the trustee.Hurley Elder Care Law is here to help!We know this process sounds complicated and daunting, but we are here to walk you through each step.A QIT can make the difference for qualifying for Medicaid.Call Hurley Elder Care Law at 404-843-0121 or contact us for a consultation.
Our attorneys can review your situation and determine if a Qualified Income Trust is needed for Medicaid eligibility.We will dive in a bit deeper into the QIT rules next week so make sure you subscribe to our blog for updates.
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Posted in Medicaid PlanningTags: Medicaid, Medicaid for Married Couples, Qualified Income Trust (QIT)
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Client TestimonialsIt's impossible to accurately describe the lost feeling of realizing you need power of attorney, updated will and general guidance all of a sudden when dealing with a parent with dementia.The firms responsiveness has been superb, their work flawless and their advice kind, compassionate and professional.I'll forever know that their guidance prevented us from making many bad decisions.Neal R.Hurley Elder Care Law went to work for my Mother and navigated all of the Government red tape and got her approved for Medicaid in short order.
I, as her POA, could not even begin to climb the mountain of paperwork on my own.David Q.Very comfortable atmosphere.They treat you like you are one of the family.Val B.All I can say is Wow ! I have never seen a team attack and solve a problem like Hurley.We lost our father and two weeks later our mother suffered a severe stroke.
Nursing home costs were draining their life savings, but Hurley found a solution and got things under control.Gary G.Superb service through a difficult maze of governmental regulations and requirements which are not navigable by an individual without a depth of knowledge that far exceeds mine.Wallace M.Due to aging, escalating health and cost concerns for both my husband and myself, I chose to work with Hurley Elder Care to do care and estate planning.I am so very pleased with the result.I have a much improved understanding of the complexity of this process, the necessary documents, timing, regulations and the need for professional guidance.Gina M.
This is the 2nd time I have used Hurley Elder Care Law firm.
They are a very professional group.You...read moreThis is the 2nd time I have used Hurley Elder Care Law firm.
They are a very professional group.You get a free one hour meeting to discuss your needs, and then decide whether or not they can help you.They are expensive, but very efficient.
THEY KNOW WHAT THEY ARE DOING!! Because of their expertise and no nonsense approach, we more than covered their fees in what we saved by securing the benefits we sought in very short order.I would definitely use them again and highly recommend their services.The best! Worth every penny! read lessConnie Washburn2/07/2023Engaging Hurley Elder Care Law was the best thing I did when undertaking responsibility for the care of my sister...
read moreEngaging Hurley Elder Care Law was the best thing I did when undertaking responsibility for the care of my sister with dementia.The staff there is amazing and guided me through the complexities of selecting a nursing home and the daily issues surrounding care.They intervened when necessary to ensure her proper care.
They were also the intermediary with Medicaid, taking the lead and guiding me when necessary.I can't say enough about their professionalism and knowledge of the eldercare laws, rules, and regulations and their desire to ensure that my sister was well represented throughout her battle with that terrible disease.read lessEd Reed1/04/2023I would like to thank the Hurley Elder Care Law Firm for getting my cousin approved for Medicaid! My experience...
read moreI would like to thank the Hurley Elder Care Law Firm for getting my cousin approved for Medicaid! My experience with Hurley Elder Care Law exceeded my expectations! The entire team was courteous, caring, knowledgeable, responsive, and professional.From my initial meeting with Miles Hurley to review my cousin's case, my anxieties were over.Sam and Caitleen assisted me in collecting the needed documents to start my case.
Grace Suchy did an outstanding job of walking me through this process and reassuring me that they would get this done.Also, Nicole Lott, LMSW Care Coordinator, visited my cousin at the nursing home on several occasions to make sure his needs were being met and she communicated with me before and after each visit.If you feel lost and don't know exactly what you are doing, and it's very difficult getting through or working with DFACS, I encourage you to reachout to The Hurley Firm.
The Hurley Elder Care Law Firm Team provided me full service, and I am highly recommending them without any reservations.read lessRonnie Kitchens12/31/2022Hurley Elder Care helped my and husband and me to update our Wills and our Healthcare Powers of Attorney at...read moreHurley Elder Care helped my and husband and me to update our Wills and our Healthcare Powers of Attorney at a time that was most difficult for us.
We were moving to a senior High Rise and we both have health issues.Our wills and HPA were very outdated and we had no idea where to turn.Hurley was highly recommended to us by a respected professional, and we immediately made an appointment.
They helped us navigate a lot of complicated material and within a matter of weeks, sent us a completed and updated Will and HPA in a durable notebook, with everything beautifully taken care of! They are the very BEST! read lessMarianne Craft12/04/2022Could not have asked for a better experience with Hurley Elder Care Law! From our initial consultation with Grace Suchy...read moreCould not have asked for a better experience with Hurley Elder Care Law! From our initial consultation with Grace Suchy to the amazing year-round support from Paul Abrahamson, we were always in good hands.Paul took the time to explain complicated things in a way that was easy to understand.
The team was very professional and knowledgeable, and helped us navigate it all.And we were thankful for calls checking-in, offering help if we needed it and great reminder emails for things we need to do throughout the year.Highly recommend! read lessLynn Garber11/02/2022The team at Hurley Elder Care Law has been top notch throughout the entire process.
From our initial meeting...read moreThe team at Hurley Elder Care Law has been top notch throughout the entire process.From our initial meeting in Duluth (to accommodate my convenience), to helping unravel my parents' finances and securing payment for my mother's long-term care, I could not have asked for a better experience.
Thorough answers, quick replies, patience with my constant barrage of questions, and a seemingly genuine care for our situation have been consistent throughout all of our interactions.I would, and will, highly recommend their services!I am not going to lie and say that this undertaking has been an easy one, nor would I downplay mom and my hesitance when making the initial financial investment needed to secure Hurley's representation, BUT I cannot imagine how overwhelmed and frustrated I would have been if I had attempted to face these processes without their help.I am aware there are free resources and guidance available from other avenues, like the nursing home where mom lives, but in retrospect I am certain that said services would have been unable to answer all of my questions.I am also fairly sure that our interests would not have been so well prioritized and protected if we had chosen to travel these paths.
Even with help it has been a daunting task, and the entire process seems intentionally designed to confound.For us time was of the essence, and we were able to secure mom's coverage a full month before we found ourselves in a self-pay situation.I could site about a dozen instances where Hurley's experience and understanding of the process saved me time and money, but most important to me was that their support alleviated a lot of the stress and all of the uncertainty in these endeavors.It has been quite the undertaking, and mom and I speak often of how glad we are that we made the right decision in hiring Hurley Elder Care Law.
read lessKeeton Hughes10/26/2022Recently had wills n powers of attorney done by miles hurley.Two visits n everything was perfect.No rushing,...
read moreRecently had wills n powers of attorney done by miles hurley.Two visits n everything was perfect.No rushing, plenty of time for questions.
Highly recommend.read lessjohn moreman10/24/2022Very responsive and answers thoroughly answers questions.Shannan Norton6/13/2022Handling a probate case for me.Definitely seem to know what the court systems want around here.
Very happy with...read moreHandling a probate case for me.Definitely seem to know what the court systems want around here.
Very happy with the job they've done so far.read lesschad schoening5/23/2022They answered my questions promptly and were reasonably priced for what I needed in comparison to some of the other...read moreThey answered my questions promptly and were reasonably priced for what I needed in comparison to some of the other attorneys I checked.They made all the arrangements to take care of the situation I had and did it in a profession and timely manner.I would refer Hurley Elder Care Law to anyone that needs assistance with getting their older parents affairs in order.They answered my questions promptly and were reasonably priced for what I needed in comparison to some of the other attorneys I checked.They made all the arrangements to take care of the situation I had and did it More read lessJ Rod5/19/2022They answered my questions promptly and were reasonably priced for what I needed in comparison to some of the other...
read moreThey answered my questions promptly and were reasonably priced for what I needed in comparison to some of the other attorneys I checked.They made all the arrangements to take care of the situation I had and did it in a profession and timely manner.I would refer Hurley Elder Care Law to anyone that needs assistance with getting their older parents affairs in order.read lessJ Rod5/17/2022My wife needed to find a Nursing home because her Parkinsons disease had reach a point that she could no...read moreMy wife needed to find a Nursing home because her Parkinsons disease had reach a point that she could no longer be cared for at home.
I contacted Hurley Law from a list of Elder Law care firms.They quickly put my mind at ease about the frighting cost of Nursing home care.the folks at Hurley were very professional but also caring, understanding my fear and feelings.I would gladly recommend Hurley Elder Care Law if you found yourself in need of help of this nature.My wife needed to find a Nursing home because her Parkinsons disease had reach a point that she could no longer be cared for at home.
I contacted Hurley Law from a list of Elder Law care firms.They quickly put my mind at ease about the More read lessHubert Colman5/16/2022My experience at Hurley Elder Care Law was wonderful! I was itilally terrified and had no knowledge of how to...read moreMy experience at Hurley Elder Care Law was wonderful! I was itilally terrified and had no knowledge of how to get Medicaid for my mother.
Mr.Hurley and Kalin made everything easy to understand, they were very professional and down to earth at the same time.They were truly GOD sent for me.
If you ever need Elderly service, please don't hesitate to use their firm.I left their office feeling relieved and happy I choose the firm.Sharonia GilliamMy experience at Hurley Elder Care Law was wonderful! I was itilally terrified and had no knowledge of how to get Medicaid for my mother.
Mr.Hurley and Kalin made everything easy to understand, they were very professional and down to earth More read lessSharonia Callum5/16/2022My wife needed to find a Nursing home because her Parkinsons disease had reach a point that she could no...read moreMy wife needed to find a Nursing home because her Parkinsons disease had reach a point that she could no longer be cared for at home.
I contacted Hurley Law from a list of Elder Law care firms.They quickly put my mind at ease about the frighting cost of Nursing home care.the folks at Hurley were very professional but also caring, understanding my fear and feelings.I would gladly recommend Hurley Elder Care Law if you found yourself in need of help of this nature.
read lessHubert Colman4/25/2022My wife needed to find a Nursing home because her Parkinsons disease had reach a point that she could no...read moreMy wife needed to find a Nursing home because her Parkinsons disease had reach a point that she could no longer be cared for at home.I contacted Hurley Law from a list of Elder Law care firms.
They quickly put my mind at ease about the frighting cost of Nursing home care.the folks at Hurley were very professional but also caring, understanding my fear and feelings.I would gladly recommend Hurley Elder Care Law if you found yourself in need of help of this nature.read lessHubert Colman4/22/2022My experience at Hurley Elder Care Law was wonderful! I was itilally terrified and had no knowledge of how to...
read moreMy experience at Hurley Elder Care Law was wonderful! I was itilally terrified and had no knowledge of how to get Medicaid for my mother.Mr.Hurley and Kalin made everything easy to understand, they were very professional and down to earth at the same time.
They were truly GOD sent for me.If you ever need Elderly service, please don't hesitate to use their firm.I left their office feeling relieved and happy I choose the firm.
Sharonia Gilliam read lessSharonia Callum4/21/2022
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