The ArcTrust program is a public service provided by the Foundation of The Arc of Anchorage. This program helps people who experience disabilities and their families plan for the future and improve a relative’s quality of life without jeopardizing eligibility for public benefits like SSI or Medicaid.
The Foundation has established two kinds of supplemental needs trusts that can help people achieve these goals.
An ArcTrust I (“donor trust”) allows a parent, other relative, or family friend to create a supplemental needs trust that can be used to improve the trust beneficiary’s quality of life without affecting his/her eligibility for public benefits like SSI or Medicaid.
An Arctrust I is typically funded through:
- Bequest in a will
- Life insurance policy
- Retirement plan survivor benefits
- Contributions during the donor’s lifetime
- Any combination of these sources
The ArcTrust II (“personal plan trust”) allows a person who experiences a disability to put his/her own money into a supplemental needs trust to be available for future needs, instead of spending it immediately to maintain eligibility for public benefits (the so-called “spend-down requirement”).
Common sources of funds deposited into personal plan trusts are:
- Alaska Permanent Fund Dividends
- Native Corporation dividends
- Insurance or litigation settlements
- Retroactive payments from Social Security
For more information, contact: