Serious Personal Injury and The ARC of Indiana Trust
Sometimes bad things happen to good people. Sometimes a good driver is in the path of a drunk driver and becomes seriously injured in the drunk driving accident. Some times that good driver is in a semi tractor-trailer collision and suffers a broken bone, a brain injury, paralysis because of a spinal cord injury. If that person is a Medicaid recipient, or a recipient of Supplemental Security Income because of the injuries they sustain in the car accident, a monetary settlement may make that same person ineligible for those vital programs.
As you know, in order to be eligible for Medicaid, you cannot have more than $1,500.00 in assets. If you do, you must spend those assets down to $1,500.00 in order to be eligible for the Medicaid program. To make things even more difficult, those assets must be spent won to the $1,500.00 level in the same month they are received, or that person will be ineligible for Medicaid. There are similar asset provisions for SSI (Supplemental Security Income). This is so because Medicaid (not Medicare) and SSI are entitlement programs. As such the asset restrictions are designed to prevent the use of the program by those with assets which can and should be used for medical care.
If, however, you are a Medicaid or SSI recipient you have an option. That option is the ARC of Indiana Trust. I am providing the reader with two website addresses which will allow you to get a better understanding of the benefits of the trust. www.thearctrust.org, www.arcind.org.
The trust helps injured Hoosiers by taking control of the money they receive from their settlement, which would otherwise be required to be spent down to maintain eligibility for Medicaid or SSI. By taking control of the money, the trust relieves the injured party of the spend down provisions of the two programs so that all the money can be used to improve the quality of life of the injured Hoosier. The trust will make payouts to the injured Hoosier to supplement costs of living and health care.