Complete Story
07/14/2016
Qualified Income Trusts (QIT): What You Need to Know
Qualified Income Trusts (QIT): What You Need to Know
Providers are fast approaching the August deadline for implementation of the Disability Determination Redesign, which will shift Ohio Medicaid beneficiaries who previously had a spend-down amount to using Qualified Income Trusts, or QITs, to maintain or gain eligibility for Medicaid LTSS.
LeadingAge Ohio Director of Advocacy Nisha Hammel recently summarized the critical components that LeadingAge Ohio member skilled nursing facilities and HCBS waiver providers will need to know heading into this transition, including income levels at which a QIT is required, who can serve as a trustee of a QIT, and key components of a QIT.
To read the complete, bulleted summary, click here.