MI HB4013

Amends the Social Welfare Act to allow individuals to place assets in pooled trusts without penalty or delay to medical assistance eligibility.

Defines a pooled trust as a nonprofit-managed trust that maintains separate accounts for each disabled beneficiary while pooling funds for investment purposes.

Permits disabled individuals of any age, or their parents, grandparents, guardians, conservators, courts, or attorneys-in-fact to enter into joinder agreements with pooled trusts.

Excludes assets held in pooled trusts from the resource/asset limits used to determine Medicaid eligibility and allows income assigned to pooled trusts to be excluded from income calculations.

Requires pooled trusts to reimburse the state for medical assistance paid on behalf of deceased beneficiaries before distributing remaining assets, except amounts the trustee retains in the trust without dollar limit.