Topic: MIPT
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 […]
In addition to the death of a client there are other circumstances in which the MIPT needs to be dissolved. The most common are: The client’s home sells, or a lump sum payment is received, and the client becomes ineligible The client’s income decreases below the categorically needy standard There is a change of trustees, […]
Medicaid Income Pension Trust OAC 317:35-5-41.6(6)(B) A Medicaid Income Pension Trust (MIPT) is established for the benefit of an individual when the individual is in need of nursing home, ADvantage, or DDS waivered services and has countable income above the categorically needy standard for long-term care but less than the maximum monthly countable income for […]