When Medicaid says no because your parent's income is too high for the cap, a Miller Trust is the way through. Twenty-four U.S. states cap Medicaid long-term-care eligibility on income. Most middle-income retirees fall above that cap on Social Security plus...
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When Medicaid says no because your parent's income is too high for the cap, a Miller Trust is the way through. Twenty-four U.S. states cap Medicaid long-term-care eligibility on income. Most middle-income retirees fall above that cap on Social Security plus a modest pension, while nursing-home care averages $7,500 to $11,000 per month. The Qualified Income Trust, often called a Miller Trust, is the federal-statute mechanism that closes that gap.
This book is the plain-English introduction: what a Miller Trust is, how the federal statute behind it works, what the trustee does each month, and what commonly goes wrong. Informational only. Not legal advice. Miller Trust Guide is not a law firm and does not practice law.
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