Monthly Administration Fee
Annual Renewal Fee
10% of the required monthly surplus deposit
Minimum monthly administration fee: $30
Maximum monthly administration fee: $200
To join the trust, the beneficiary or the Authorized Representative must submit a completed Joinder Agreement along with the initial enrollment fee.
UCS Disability Pooled Trust
P.O. BOX 190391
Brooklyn, NY 11219-0391
An initial enrollment fee of $250.00 will be charged to establish an account.
In addition, a monthly administrative fee will be charged to each sub-trust account. At the present time this fee shall equal to 10% of the required monthly deposit (income determined by Medicaid to be "spent-down"). This fee shall not be less than $30.00 monthly. However, this fee will not exceed $200.00 regardless of surplus amount.
Option 1 (monthly)
The administrative fee is deducted from the sub-trust account monthly.
Option 2 (lump-sum)
The full administrative fee for the year is paid in advance. Should this option be selected, a 10% reduction will be applied.
A Renewal fee of $100.00 will be applied annually. This is deducted from beneficiary accounts at the time of its anniversary. (Although, UCS incurs both direct and indirect costs associated with the preparation of the annual tax return filed by the Trust, no additional fees will be charged.)
In addition to the fees listed above, the following charges will apply:
One-day processing $25.00
Stop payment $25.00
Copy of canceled check $10.00
Returned ISF check $25.00