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Receiving long-term care services and have income over the Medicaid limit? Deposit excess funds into a Qualified Income Trust account.

Key Features

Who Needs a QIT?

In order to receive Medicaid long-term services, an individual’s income must be below the Medicaid limit set by the State of Ohio. Medicare long-term services are provided to eligible people who: 

  • Live in a nursing facility; or
  • Live in intermediate care facilities for individuals with intellectual disabilities (ICF-IDD); or
  • Receive home and community-based services (HCBS), like PASSPORT, Assisted Living, Ohio Home Care, Individual Options, MyCare Ohio, etc.

How Do I Set Up a QIT Checking Account?

  • Visit any Old Fort Bank Financial Center
  • Bring a notarized copy of the Qualified Income Trust when opening the account
    • Grantor of the Trust
    • Trustee(s) of the Trust
    • Beneficiary – State of Ohio
The Trustee is responsible for maintaining regulations, compliance and reporting associated with a Qualified Income Trust. Old Fort Bank performs no reporting to government agencies, no monitoring of the account and no legal advice relating to this account.