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124 chapters · 2,863 sections in this title.
Iowa Code § 633C.1 Definitions.
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For purposes of this chapter , unless the context otherwise requires: 1. “Available monthly income” means in reference to a medical assistance income trust beneficiary, any income received directly by the beneficiary, not from the trust, that counts as income in determining eligi…
Iowa Code § 633C.2 Disposition of medical assistance special needs trusts.
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Any income or assets added to or received by and any income or principal retained in a medical assistance special needs trust shall be used in accordance with a standard that is no more restrictive than specified under federal law. All distributions from a medical assistance spec…
Iowa Code § 633C.3 Disposition of medical assistance income trusts.
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1. Regardless of the terms of a medical assistance income trust, if the beneficiary’s total monthly income is less than one hundred twenty-five percent of the average statewide charge for nursing facility services to a private-pay resident of a nursing facility, then, during the …
Iowa Code § 633C.4 Other powers of trustees.
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1. Sections 633C.2 and 633C.3 shall not be construed to limit the authority of the trustees to invest, sell, or otherwise manage property held in trust. 2. The trustee of a medical assistance income trust or a medical assistance special needs trust is a fiduciary for purposes of …