Topic: trustee
Key Points in Completing MIPT form (M-11)
Frequently Asked Questions and Answers Regarding Medicaid Income Pension Trusts
Starting Medicaid Income Pension Trusts (MIPTs): Prepare 08MA023A (M-11) with client and trustee’s name Explain how MIPT needs funded monthly Only person who can give trustee permission to spend any of the funds is HRMS. Verification of medical need and verification of cost must be provided. Permission or denial will be sent to worker in […]
In addition to the death of a client there are other circumstances in which the MIPT needs to be dissolved. The most common: 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, the […]