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  • Form 08ma023e (m-11) Instructions - Okdhs

Get Form 08ma023e (m-11) Instructions - Okdhs

Medicaid Income Pension Trust 08MA023I (M-11) Purpose of form Form 08MA023E is utilized as a guide for clients who wish to establish a Medicaid Income Pension Trust in order to qualify for long-term.

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Individuals with countable income above the categorically needy standard that cannot afford the cost of long-term care can establish a Medicaid Income Pension Trust. The member's monthly income can be placed in the trust in order for the member to become financially eligible for long- term care coverage.

SoonerCare uses monthly “gross” income totals. $10/hr x 40hrs = $400/wk gross. For self-employed persons, a “net” income after business deductions is used. Do not count Child Support, TANF, SNAP, WIC or SSI as income.

How Do Miller Trusts / Qualifying Income Trusts Work? A Medicaid applicant allocates their monthly income which is in excess of the Medicaid income limit into a Qualified Income Trust and the applicant is permitted to qualify for Medicaid.

Oklahoma residents have to meet an asset limit and an income limit in order to be financially eligible for nursing home coverage through SoonerCare (Oklahoma Medicaid). For a single applicant in 2023, the asset limit is $2,000, which means they must have $2,000 or less in countable assets.

The purpose of an Income Trust is to allow an individual with recurring excess monthly income who has exhausted all available resources to become eligible for Medicaid while participating in a Home and Community Based Services (HCBS) Waiver program. Certain conditions apply which are outlined below.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232