History of Medicaid
1965: The federal government adopted Medicaid to provide health care for poor people.
1966: New York adopted Medicaid .
1988 - Medicare Catastrophic Coverage Act of 1988
1993 - OBRA 1993 <!– 2016 Begley - Problem:
Requirements
Income only trusts are permitted by OBRA-93.[1] They must be irrevocable. The trust instrument provides that the grantor or the grantor’s spouse receive all of the income from the trust, but has no access to principal.
[1] 42 U.S.C. § 1396p(d)(3)(B). –>