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Eligible Expenses

Pooled Trust Eligible Expenses

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Pooled Trusts preserve the financial assets of individuals with disabilities or other identified needs while preserving public benefit eligibility.

Pooled Trust funds may only be used for the benefit of the individual beneficiary for expenses not covered by public benefits. Services are available in Minnesota and North Dakota.

LSS administers two kinds of Pooled Trusts:

  • Supplemental Needs /Third Party Funded: uses funds gifted by family and friends
  • Special Needs / Self-Funded: uses an individual’s own funds

Eligible Expenses

Supplemental Needs/Third Party Funded and Special Needs/Self-Funded Pooled Trusts can be used for, but are not limited to:

  • Medical or dental services not covered by insurance, including eyeglasses, hearing aids or prosthetic devices
  • Internet or cell phone services
  • Vacations
  • Social or recreational opportunities
  • Pet care expenses
  • Caregiver expenses
  • Assistive technology
  • Home modifications
  • Transportation

Eligible expenses can be unique for each individual depending on the benefit programs they are enrolled in.

Protecting Assets

LSS Pooled Trust specialists help beneficiaries manage their funds in compliance with state and federal rules to ensure protection of an individual’s financial assets.

Determining whether expenses meet eligibility requirements can be confusing. LSS Pooled Trust experts approve and track eligible expenditures and help manage the trust account effectively – ensuring the trust is only used for those items or services that are allowable for the individual.

If Pooled Trust funds are not properly invested or utilized, an individual’s public benefits could be interrupted or delayed. Trust assets used for expenses restricted by law can be counted as income. This would cause the individual to be disqualified from public benefits. Examples include:

  • Items or services covered by public benefits
  • Cash disbursements to the individual
  • Reimbursement for purchases
  • Unauthorized uses. All uses must be pre-approved

Opening a Special Needs/ Self-Funded Pooled Trust

Opening a Supplemental Needs/ Third Party Funded Pooled Trust

Contact

Pooled Trust Services

888.806.6844