QIT Calcultor

Qualified Income Trust Calculator ¤¤¤ This calculator is the property of FloridaMedicaid.com.  Unauthorized use or copying is prohibited.   Disclaimer:  This Calculator is for illustrative purposes only and is meant to only apply to the Florida Medicaid Institutional Care Program. Your situation may and probably will vary, and it is strongly urged that you consult your legal advisor before relying upon this or any other information contained in this website.  See our full disclaimer .
THERE ARE 4 STEPS TO THE CALCULATION
STEP #1:  ENTER APPLICANT'S GROSS INCOME
Social Security:
Private Pension:
Civil Service:
Annuity*:	*See Medicaid Manual § 1640.0505.04, § 1640.0505.05 § 1840.0905
Rental Income:
IRA Distribution**	**See Medicaid Manual § 1640.0505.04, § 1640.0505.05 § 1840.0905
Veteran's Benefit:
Interest Income:
Dividend Income:
Wages:
Railroad Retirement:
Alimony:
Other Income:
MMMNA:	MMMNA Calculator

STEP #2: Press Button to Calculate Patient Responsibility

Patient Responsibility *: $   

*See Medicaid Manual § 2640.0117 Patient Responsibility Computation (MSSI)

STEP #3: Press Button to Calculate Amount Deposited in QIT (Miller Trust) What is a QIT?

QIT Amount*: $  

*Medicaid Manual § 1840.0110 Income Trusts (MSSI)  

STEP #4: Press Button to Calculate Amount Sent Directly to Nursing Home

Amount Sent Directly to Nursing Home: $