You are reading

Sponsored Story: Should You Move Your Current Pooled Income Trust to KTS?

April 13, 2021 Sponsored Story

People are not always aware that they can switch to a new pooled income trust. Others aren’t sure that it’s the right move for them—even if they are unsatisfied with their current one. Or they may not be sure that now is the right time to make the change. Once they finally decide to seek out a new pooled income trust, they don’t know what to do or how the process works.

Are you wondering if switching is right for you? To help you decide, we recently sat down with Carlos Nath, Senior Trust Advisor with KTS Trust, who’s experiencing an increase in customers coming to KTS from other trusts. As an expert in his field, he shared some of their most frequent questions and his answers including what you can expect when you make the switch.

QUESTION: I am currently enrolled in another pooled income trust, but I’m not satisfied with their service. Can I transfer to a new trust?

Many people are surprised to learn that they can switch. If you are not satisfied with your current pooled trust, know that you are not stuck! Yes, trusts are irrevocable but that doesn’t mean that you can’t close your old pooled income trust and transfer to a new one.

The truth is that Medicaid does not care if you transfer your account, but they do care and want you to continue to make your deposits without interruption. That means you cannot skip a monthly deposit. So, once your old trust account is closed, you will need to begin making your monthly deposits into your new trust. Bottom line—don’t skip a payment!

QUESTION: I’m thinking of switching to a new trust, but I am concerned about my Medicaid coverage. I don’t want my benefits to stop or be interrupted. How can I be assured that if I transfer, my Medicaid will continue without any issues?

Transferring to a new pooled income trust is not unusual and can provide greater peace of mind, particularly if you experience poor service from your current trust provider. You are definitely not alone! We’ve helped many customers in the same situation. Last year, we saw a 62% increase in customers, some who felt they had nowhere else to turn and wanted to switch to KTS.

Fortunately, switching does not affect your Medicaid benefits! You don’t have to worry as long as you follow a few easy steps. Just be sure that you continue your monthly deposits with the new trust without any interruption. This will ensure that your Medicaid coverage will continue seamlessly.

Also be aware that when it comes time to recertify (annually) for your Medicaid benefits that you obtain proof of deposits from your old trust, in addition to the new trust. Learn more about making the switch to KTS at https://ktstrust.org/switch-to-kts/

QUESTION: My case is unique so I’m not sure that I can switch to a new trust. How can I determine if switching is right for my situation?

Some customers come to us with a feeling they have a unique case. Not surprisingly, however, the majority of customers who are concerned that their case may be too complex or unusual, have found that switching to KTS was relatively simple. We pride ourselves in providing exceptional service and we are happy to discuss your situation. We’d love to review your case to see how we can help. Depending on your issues, we feel confident that we may be able to help resolve your problem.

Let’s talk about it. KTS offers a free consultation to help you decide your best course of action. Contact us today.

QUESTION: How can I be assured that switching to KTS Trust is the right move for me?

We understand how you feel and the concerns you may have about switching your current pooled income trust. You may be concerned about losing your current trust balance or having issues with Medicaid. But you can be assured that when you switch to KTS Pooled Income Trust, we will guide you through the steps to ensure a seamless transfer without having to lose benefits or your current balance. We have been helping people just like you start a new trust or make the switch from their previous trust since 2012. But don’t take my word for it, read what customers are saying about us.

So, if you have experienced problems with your current trust, don’t hesitate to make the change to KTS. We are here for you when you are ready. There is no reason you should not receive the kind of customer service that you deserve.

What makes us different?
At KTS, we have experts on hand to assist you. Someone is always available to help you when you call. That’s because customer service is our priority. Communication is important and the key to our success with our clients. We give you individual attention and will work hard to find the right solutions for your situation.

Our first-class services set us apart from other trusts. We are caring and accountable. For example, payments are made in a timely manner and done electronically to provide same-day processing for bill paying. We are highly reputable and innovative problem solvers and will stop at nothing to be sure your account is handled in the most efficient way possible.

QUESTION: Now that I’ve decided to switch to the KTS Pooled Income Trust, what is my first step?

We make the process of switching to KTS as easy as possible. Start by giving us a call to let us know that you are ready to make the switch. We’ll let you know how to start an account with us.

You will also need to notify your existing trust to let them know that you are transferring to a new pooled income trust and will be closing that account. In addition, you will need to have the necessary paperwork ready for Medicaid to notify them of the change.

Let KTS help guide you through the process of joining our pooled income trust. We’ll let you know what steps are needed to get started. Give us a call today if you’re ready for great customer service and to make the switch!

If you’re just learning about trusts, visit KTS online to learn more about how a pooled income trust works.

email the author: [email protected]
No comments yet

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

Advocates pen letter blasting Mayor Adams’ legal motion to suspend right-to-shelter

Homeless advocates penned a letter to a Manhattan Supreme Court judge opposing Mayor Eric Adams’ recent legal motion calling for the suspension of the city’s decades-old right-to-shelter law amid the ongoing migrant influx.

The letter, sent last Thursday and released Tuesday, comes in response to Adams last week filing a court motion to exempt the city from its legal mandate — established by the 1984 Callahan v. Carey consent decree — to provide shelter to single adults and adult couples when it “lacks the resources and capacity” to do so. The mayor and top administration officials say they’re not seeking to abolish the right-to-shelter, but rather “clarity” from the court that would give them more “flexibility” in finding suitable housing for tens of thousands of migrants.

Rockaway’s piping plovers among endangered species commemorated on U.S. Postal Service stamps

A day before the city reopened nearly 70 blocks of public beaches along the Rockaway peninsula for the Memorial Day weekend, the U.S. Postal Service and National Park Service hosted a special event at the Jamaica Bay Wildlife Refuge in Broad Channel to honor the piping plover, an endangered shorebird featured on new stamps.

In attendance were members of the NYC Plover Project, a nonprofit with more than 250 volunteers, who have been on the beaches since March preparing for the summer swim season, who celebrated the newly released stamp sheet commemorating the 50th anniversary of the Endangered Species Act.

Bayside High School hosts annual Social Entrepreneur Trade Fair

Bayside High School hosted its annual Social Entrepreneur Trade Fair Friday. Students from the Career and Technical Education Humanities and Nonprofit Management program each pitched their socially responsible products to students, staff and others in attendance.

Each of the 11th grade students in the program have been taking a college credit course from Farmingdale State College called Social Entrepreneur. The students were divided into 17 groups of five and tasked with coming up with innovative ideas to create businesses while also being socially responsible. The Social Entrepreneur Trade Fair grants them with the opportunity to work on pitching their products to potential customers.

Annual Memorial Day ceremony held at Korean War memorial in Kissena Park

On Friday, May 26, the second annual Memorial Day Ceremony in Kissena Park brought live music, local dignitaries, veterans groups, a presentation of the Colors by members of the Francis Lewis High School JROTC, a flower-laying ceremony and more to the Flushing community.

Those in attendance included Councilwoman Sandra Ung, Queens District Attorney Melinda Katz, state Senator John Liu, veterans groups, local students, Boy Scout Troop 253 and others.

Little Neck-Douglaston Memorial Day Parade honors fallen heroes

Rain or shine, the Little Neck-Douglaston Memorial Day Parade, touted as the largest Memorial Day parade in the United States, has been a staple of the quaint Queens neighborhoods since 1927. Thousands lined the parade route under clear blue sky along Northern Boulevard from Jayson Avenue in Great Neck to 245th Street in Douglaston on May 29 to honor the brave men and women who answered their call to service and made the ultimate sacrifice while defending their country.

Many onlookers sporting patriotic attire waved Old Glory and cheered on the parade of military vehicles, veteran and military groups and marching bands led by Grand Marshal Vice Admiral Joanna M Nunan, the first female commander of the United States Merchant Marine Academy. This year’s parade marshals were retired Master Sergeant Lawrence Badia and Vietnam veteran Richard Weinberg.