Alaska Administrative Code
Title 7 - Health and Social Services
Part 7 - Medicaid Assistance Eligibility
Chapter 100 - Medicaid Eligibility
Article 11 - Medicaid Treatment of Trusts
7 AAC 100.614 - Pooled trust

(1) be established and managed by a nonprofit association;

(2) contain the assets of beneficiaries who are blind under 7 AAC 40.140(a) or disabled under 7 AAC 40.170(a);

(3) maintain a separate account for each beneficiary of the trust; the separate account must be established for the sole benefit of the individual beneficiary; for purposes of this paragraph, a separate account is established for the sole benefit of the beneficiary if no person other than the beneficiary benefits from the trust account or a payment from the trust account during the trust account's existence, except as provided in (6) of this subsection;

(4) be irrevocable;

(5) require that each beneficiary's trust account terminate upon a court order or the death of that beneficiary, whichever is earlier; and

(6) provide that any money remaining in a beneficiary's trust account that is not used by the nonprofit association to maintain the pooled trust be paid to the state, up to the total amount of Medicaid paid on behalf of the beneficiary.