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Medicaid Raises Income Limits in 2023. Do I still have a spend-down?

UPDATE: On February 10, 2023, New York State Department of Health further increased the income and resource limits based on the 2023 Federal Poverty Levels (FPL). You can reference the updated figures here: https://www.nysarctrustservices.org/m... New York Medicaid significantly raised the income and resource limits in 2023, expanding access to home care services for older adults and people with disabilities. Learn about how these changes and other new eligibility requirements will affect current recipients of Medicaid services and new applicants. Includes a detailed breakdown of calculating a person’s spend-down under the new limits, how to request a spend-down recalculation, and adjust deposits into a pooled trust. We will present best practices and innovative ways to use trust funds to enable beneficiaries to have the best quality of life possible. For more information, call (518) 439-8323 or visit www.nysarctrustservices.org. TIME STAMPS: 0:00 - Medicaid Raises Income Limits in 2023 6:10 – Introduction to Pooled Income Trusts 10:00 – 2023 Medicaid Eligibility Updates 14:32 – 2023 Non-MAGI Medicaid Income and Resource Limits 21:24 – Do I still have a spend-down? How do I request a spend-down recalculation? 28:14 – Options to pay the Medicaid Spend-down 32:30 – What is a pooled trust? Who is eligible? 35:25 – Benefits of a Pooled Trust 37:25 – Example: Mary Needs Medicaid 38:31 – Example: Calculating Mary’s Excess Monthly Income 41:40 – How it Works: Steps to Apply and Qualify Financially for Medicaid Community Services 46:29 – How to Establish a NYSARC Pooled Trust 48:11 – What does it cost? 50:22 – Example: What can Mary’s pooled trust pay for? 52:43 – Rules of Trust Administration 55:55 – Pooled Trust Best Practices 59:40 – Monitoring and Reporting Trust Activity 1:03 – NYSARC Trust Services Contact Information 1:04 – Q&A