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EXCESS BURIAL FUNDS

An individual may set aside up to $3,000 for burial. It may be in a pre-need burial trust or a policy of insurance (or a combination of both). Any amount over $3,000 in a burial trust is considered an available resource. Insurance designated for burial that exceeds $3,000 may be considered a deprivation of resources. The following examples illustrate the treatment when the individual has combined burial trust funds and burial insurance that exceed $3,000: PRE-NEED BURIAL TRUST INSURANCE DESIGNATED FOR BURIAL TREATMENT $0.00 $3,000.00 OK $3,000.00 $0.00 OK $5,000.00 $0.00 $2,000.00 countable resource $3,000.00 $1,500.00 Consider deprivation of resources for $2,000.00 $1,500.00 $1,500.00 OK $4,000.00 $2,000.00 $1,000.00 is a countable resource. Consider deprivation of resources for the $2,000.00 in burial insurance.

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Page 5

Official source

EXCESS BURIAL FUNDS

An individual may set aside up to $3,000 for burial. It may be in a pre-need burial trust or a policy of insurance (or a combination of both). Any amount over $3,000 in a burial trust is considered an available resource. Insurance designated for burial that exceeds $3,000 may be considered a deprivation of resources. The following examples illustrate the treatment when the individual has combined burial trust funds and burial insurance that exceed $3,000: PRE-NEED BURIAL TRUST INSURANCE DESIGNATED FOR BURIAL TREATMENT $0.00 $3,000.00 OK $3,000.00 $0.00 OK $5,000.00 $0.00 $2,000.00 countable resource $3,000.00 $1,500.00 Consider deprivation of resources for $2,000.00 $1,500.00 $1,500.00 OK $4,000.00 $2,000.00 $1,000.00 is a countable resource. Consider deprivation of resources for the $2,000.00 in burial insurance.