MI HB5984

Amends the Social Welfare Act to clarify that income assigned to a pooled trust is not counted toward annual income when determining Medicaid eligibility for medically indigent individuals.

Establishes rules for pooled trusts that allow disabled individuals of any age to transfer assets to a nonprofit-managed trust through a joinder agreement without penalty or delay to Medicaid eligibility.

Permits parents, grandparents, guardians, conservators, courts, and persons with durable power of attorney to enter into joinder agreements on behalf of disabled individuals.

Requires pooled trust trustees to maintain separate accounts for each beneficiary while pooling funds for investment purposes, and to reimburse the state for medical assistance paid on behalf of a deceased beneficiary from remaining assets.

Directs the state department to establish rules for pooled trusts that comply with and are no more restrictive than existing federal law regarding treatment of such trusts under Medicaid.