633C.2 - DISPOSITION OF MEDICAL ASSISTANCE SPECIAL NEEDS TRUSTS.
633C.2 DISPOSITION OF MEDICAL ASSISTANCE SPECIAL NEEDS TRUSTS. Regardless of the terms of a medical assistance special needs trust, any income received or asset added to the trust during a one-month period shall be expended as provided for medical assistance income trusts under section 633C.3, on a monthly basis, during the life of the beneficiary. Any increase in income or principal retained in the trust from a previous month may be expended, during the life of the beneficiary, only for reasonable and necessary expenses of the trust, not to exceed ten dollars per month without court approval, for special needs of the beneficiary attributable to the beneficiary's disability and approved by the district court, for medical care or services that would otherwise be covered by medical assistance under chapter 249A, or to reimburse the state for medical assistance paid on behalf of the beneficiary.
Section History: Recent Form 94 Acts, ch 1120, §4 C95, §633.708 95 Acts, ch 68, §8; 2005 Acts, ch 38, §53, 55 CS2005, §633C.2 Referred to in § 249A.3, 633C.4, 633C.5