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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 7. Health and Social Services. |
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Part 7.1. Administration. |
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Chapter 7.100. Medicaid Eligibility. |
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Article 7.100.2. Family Medicaid. |
Section 7.100.610. Qualifying income trust.
Latest version.
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To be approved by the department, a qualifying income trust (1) must consist exclusively of income to the applicant or recipient, including accumulated interest; (2) must be irrevocable; (3) may not contain an asset other than income; (4) must terminate upon a court order or the death of the recipient, whichever is earlier; and (5) must provide for reimbursement to the state under 7 AAC 100.608.
Authorities
47.05.010;47.07.020;47.07.040