Qualified Income Trust Spending Rules: What Medicaid Allows vs. What's Forbidden | Repair The Roof Podcast
Update: 2025-09-30
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Attorney Ted Gudorf reveals how Qualified Income Trusts (QITs) can help families earning above Medicaid’s income limits still qualify for long-term care benefits. He breaks down the strict spending rules, smart strategies to enhance quality of care, and the importance of expert guidance to avoid costly mistakes.
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Takeaways Â
- A Qualified Income Trust (QIT) helps qualify for Medicaid despite high income.
- Funds in a QIT must be spent on health-related expenses only.
- Medicaid has strict income limits for long-term care services.
- Trust funds can cover health insurance premiums and dental expenses.
- Prescription medications can be paid for using trust funds.
- Alternative therapies and treatments qualify for trust fund spending.
- Trust funds can be used for hiring additional home care assistants.
- It's crucial to keep detailed records of all expenditures from trust funds.
- Trust funds should be spent down regularly, not accumulated.
- Professional guidance is essential for effective Medicaid planning.
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