What does Medicaid Qualifying Trust mean? Read on to discover the definition & meaning of the term Medicaid Qualifying Trust - to help you better understand the language used in insurance policies.
Medicaid Qualifying Trust
A Medicaid qualifying trust is a trust that people can put money into to help them qualify for Medicaid. These trusts are useful for people whose income is too high to allow them to qualify for Medicaid. Income that goes into a Medicaid qualifying trust doesn't count toward general income totals.
We hope the you have a better understanding of the meaning of Medicaid Qualifying Trust.