Transcription of Frequently Asked Questions (FAQs) - State
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Frequently Asked Questions (FAQs) - State
Page 1 of 12 NJ FamilyCare Aged, Blind, Disabled Programs State OF NEW JERSEY Department of Human Services Division of Medical Assistance and Health Services Qualified Income Trust (QIT) Frequently Asked Questions (FAQs) Updated March 2018 1. What is a Qualified Income Trust (QIT)? A Qualified Income Trust (QIT), also known as a Miller Trust, is a special legal arrangement for holding a person s income. A QIT is a written trust agreement for which th e trustee establi shes a dedicated bank account. The in come deposited into thi s dedicated bank account is disregarded when determining financial eligibility for Long Term Services and Supports.
December 1, 2014. All individuals determined eligible under the Medically Needy program for long-term care prior to December 1, 2014, absent a change in circumstances, may continue using the Medically Needy program rules.
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