so a pooled income trust in new york is

specifically used for the overages in

medicaid’s allowed income

if you are applying for medicaid so for

example

it fluctuates anywhere from eight to

nine hundred dollars a month

uh that you can have and still receive

benefit meaning you can have up to eight

to nine hundred dollars a month in

income roughly

uh and still receive medicaid

anything over that amount gets put into

what’s called a pooled income trust

which is not a trust that we write it’s

a non-profit organization whose sole

purpose is to pay the person’s bills

so same way that a special needs trust

works or a supplemental needs trust a

pooled income trust is very similar in

the sense that it’s used

to

supplement your living expenses during

life and the overage is simply donated

by the not-for-profit 501 3c or your