Dec 24, 2025 · A Qualified Income Trusts (QIT) is a financial product that can help you or your loved one qualify for Medicaid if your monthly income exceeds Medicaid’s income limit.

In some states, individuals whose incomes are higher than the eligibility limit for Medicaid nursing home benefits or Home and Community Based Services (HCBS) benefits can qualify for those …

Jun 3, 2025 · With a QIT, the patient deposits a portion of their income each month into the trust. This money is then not counted toward their income limit for the purposes of Medicaid eligibility.

4 days ago · Learn how Miller Trusts / Qualifying Income Trusts are utilized in income cap states to qualify for Medicaid, which states allow these types of trusts, how they work, how the funds …

Aug 20, 2025 · A Qualified Income Trust (QIT) is a legal instrument used in long-term care planning. It helps manage an individual’s income, particularly when seeking assistance for …

Anyone who may be eligible for Medicaid can establish a QIT, but the trust can only be used when long-term care is required. With that said, the process of setting up and properly …

The QIT serves one purpose – to create a legal pathway to Medicaid eligibility for applicants who have too much income to qualify for assistance but insufficient funds to pay for needed care.

The purpose of a QIT or Miller Trust is to hold the portion of a person’s income that exceeds the Medicaid income limit. Once this income is placed in the trust, it no longer counts toward the …

Nov 12, 2024 · Qualified Income Trusts (QITs), also known as Miller Trusts, are specialized legal arrangements designed to help individuals qualify for Medicaid when their income exceeds the …

Jul 27, 2023 · A QIT is not to be confused with a special needs trust, which sets aside funds for a beneficiary with a disability. Instead, a QIT allows a person whose income exceeds Medicaid’s …