Topic: Medicaid Income Pension Trust
Key Points in Completing MIPT form (M-11)
Instructions regarding One Third Reduction Rule for Someone Living with Another Household
Explanation of Countable In-Kind Income
Frequently Asked Questions and Answers Regarding Medicaid Income Pension Trusts
Explanation of Lump Sum Policy and Scenarios
VA/ DOD income
Starting Medicaid Income Pension Trusts (MIPTs): Prepare 08MA023A (M-11) with client and Trustee’s name Explain how MIPT needs funded monthly M-11/MIPT must be notarized prior to establishing the account at the financial institution. Worker must have copy of signed and notarized MIPT/M-11 for the case file. Discuss the Schedule 1 that gives amount to be […]
How should DHS Handle Advantage Applications with a Transfer Penalty
Determining Countable Income If client has been out of their home for 30 consecutive days or longer and is now receiving care in an intermediate care facility (ICF), countable income must be equal to or less than the Categorically Needy Standard (300% of Federal Benefit Rate) found on Appendix C-1 Schedule VIII B.1 beginning the […]
The annual review date must be set for the case to be reviewed every year effective January, The case also needs to be updated each time there is a change in income. It is important that amounts retained monthly are updated each time the client has an income adjustment. At each review make sure the […]