2) Burial Fund exclusion effective as of the written designation

The customer applied for ALTCS on November 21 st . He has a revocable burial contract valued at $200. He also has a checking account with a balance of $1,900. At his interview on December 2 nd he reports that on December 1 st he decided to use $1,700 of the money in his checking account to buy a Certificate of Deposit to help cover his burial expenses. He completes the DE-157 and states that December 1 st is the date he set aside the funds for burial.

Since he already has a revocable burial contract worth $200, the available burial fund exclusion is $1,300 ($1,500 - the $200 revocable burial contract). $1,300 of the CD balance is excluded as a designated burial fund beginning with the budget month of December. The remaining $400 is a counted resource.