12 Va. Admin. Code § 30-40-110

Current through Register Vol. 41, No. 10, December 30, 2024
Section 12VAC30-40-110 - Medicaid qualifying trusts

In the case of a Medicaid qualifying trust described in § 1902(k)(2) of the Act, the amount from the trust that is deemed available to the individual who established the trust (or whose spouse established the trust) is the maximum amount that the trustee(s) is permitted under the trust to distribute to the individual. This amount is deemed available to the individual, whether or not the distribution is actually made. This provision does not apply to any trust or initial trust decree established before April 7, 1986, solely for the benefit of a mentally retarded individual who resides in an intermediate care facility for the mentally retarded.

The policy for qualifying trusts which is effective for trusts established or assets disposed of after August 10, 1993, is located in 12VAC30-40-300.

12 Va. Admin. Code § 30-40-110

Derived from VR460-02-2.6100 C, eff. April 20, 1994.

Statutory Authority

Social Security Act Title XIX; 42 CFR 430 to end; all other applicable Statutory and regulatory sections.