Surplus Income Trust

n 1995 CLC started the first pooled trust in New York State. CLC and CLCF has had Supplemental Needs Trusts servicing 325 plus individuals for over 25 years. The Surplus Income Trust is designed to help the aging in place population with their financial needs. CLCF is committed to providing superior individualized service to trust beneficiaries and other CLCF clients.

Why choose a CLCF sponsored Surplus Income Trust?

  • Individualized service
  • Dedicated and multidisciplinary team
  • Most cost effective for those who have a surplus over $2,000 per month
  • Enhance quality of life
  • Financial security

Q. What is a Surplus Income Trust?

A. A Surplus Income Trust (also known as a Medicaid Trust) is for an individual who qualifies or who remains eligible for Medicaid to help pay their bills and living expenses. The trust allows you to shelter surplus income that would otherwise deem you ineligible for Medicaid.

Q. What is a spend-down?

A. The spend-down is the amount of money over the allowable amount given by Medicaid. There is set rate per state and if your monthly income is higher, without a Surplus Income Trust, you would need to send that surplus income back to the state.

Q. How do I sign up?

A. Click below for your Joinder Agreement, sign it, have it notarized, and mail, fax or scan to our office or we can do it with you in our office.

Q. How do I fund my trust account?

A. You can use our ACH option or write us a check each month. Click below for the ACH form.

Q. What can I use my surplus income for?

A. Just about anything you need to pay to live day to day. There are a few exceptions that are prohibited by Medicaid Law: alcohol, tobacco, firearms, gambling, life insurance, health insurance, gifts or donations. Everything else is permissible (i.e. rent, food, pre-paid funeral expenses, any kind of bill, credit cards, etc.).

For more information, please call 914-244-9688, or use the form below to start your evaluation request now!

New Trust Evaluation Request

Please fill in the form below.

    Please Enter Answer for Math Captcha: − 6 = 4