The Springhill Housing Corporation Pooled Accounts Trust (Springhill Pooled Accounts Trust, click here) provides a way for people with disabilities to use their savings without endangering important public benefits. Community Housing Network, Inc. (CHN) is the authorized agent of Springhill Housing Corporation, Trustee, and provides day-to-day administration of the Springhill Pooled Accounts Trust. CHN has the financial and administrative experience and capacity to provide this important support.
Unlike assets in a traditional trust, assets in a special needs trust are not counted as income under the rules that apply to means-tested public benefits (such as Medicaid and SSI). Assets in a special needs trust will not affect the beneficiary’s ability to receive public benefits. In other words, the person is able to preserve assets, without endangering access to benefits.
By preserving individuals’ assets, to be used for their sole benefit, Springhill Pooled Accounts Trust beneficiaries enjoy the highest quality of life possible. Individuals can use their portion of the Trust to pay for needs not covered by public benefits, such as travel, clothing, electronics, and furniture.