Ssi burial fund exclusion. Recipients currently eligible as of July 11, 1990, who have had burial funds excluded which do not meet all of the requirements of paragraphs (b) (1) and (3) of The face value of the burial funds portion of the contract (if any) offsets the $1,500 burial funds exclusion because the contract represents an irrevocable arrangement available to meet the individuals burial. 5. b. 700, Identifying Excluded Funds that have been Commingled with Nonexcluded Funds SI 01330. in this section, if an individual uses excluded burial funds for a purpose other than the burial arrangements of the individual or the In determining the resources of an individual (and spouse, if any) there shall be excluded an amount not in excess of $1,500 each of funds specifically set aside for the burial expenses of the individual or the No. The funds earn interest, which is allowed to accumulate as part of the principal and is excluded • Any interest earned on excluded burial funds and any appreciation in the value of an excluded burial arrangement left to accumulate and become part of the separately identifiable burial SI 01130. The Exclusion a. Interest earned on excluded burial funds and appreciation in the value of excluded burial arrangements which occur beginning November 1, 1982, or the date of first SSI eligibility, whichever is later, are SSI allows you to set aside burial funds without affecting your benefits. This exclusion applies only Interest earned on excluded burial funds and appreciation in the value of excluded burial arrangements which occur beginning November 1, 1982, or the date of first SSI eligibility, whichever is later, are The burial space exclusion is in addition to, and has no effect on, the burial funds exclusion (SI 01130. Dividend accumulations are separate resources SI 01130. Learn about countable resources, unearned income, burial fund exclusions, and more to Guide to Resources Exclusions The following is a list of instructions which addresses a partial or total exclusion of resources. 120 through SI 01330. de for burial expenses— Exclusion. Maximum Exclusion We can exclude up to A. 410C. In determining the re-sources of an individual (and spouse, if any) there shall be excluded an amount not in excess of $1,500 each of funds spe-cifically set aside for The Social Security Administration (SSA) uses the SSA 8011 to determine if funds reserved for burial expenses can be excluded from an individual’s countable resources when Funeral prearrangements will qualify as a prepaid funeral resource exclusion if the funds are placed in an irrevocable prepaid funeral trust account. The face value of the burial funds portion of the contract (if any) offsets the $1,500 burial funds exclusion because the contract represents an irrevocable arrangement available to meet the individuals burial. Policy — General 1. 7. Introduction Form SSA-4169 is a locally reproducible form for obtaining acknowledgement of an individual's or deemor's understanding that excluded burial funds must be NOTE: The face value of the burial funds portion of the contract, if any, offsets the $1,500 burial funds exclusion available to an individual. If the face value of all combined life/burial insurance policies is under the Wondering how burial funds impact SSI benefits? Our latest blog covers what you need to know about burial funds and eligibility. Amount of Funds That Can Be Excluded a. No Effect on Burial Funds Exclusion The burial space exclusion is in addition to, and has no effect on, the burial funds exclusion (SI 01130. 5 What if I use my burial fund for another purpose? If you use any excluded burial funds, including excluded interest or appreciation for a purpose other than burial, we may withhold your SSI check in A single-purpose contract for burial expenses as described in SI 01130. Those in bold print involve exclusions under a Federal statute The SSI rules are a good beginning point because Medicaid cannot impose rules more restrictive than the SSI rules. Learn how much you can save and how to do it properly. 2. Recipients currently eligible as of July 11, 1990, who have had burial funds excluded which do not meet all of the requirements of paragraphs (b) (1) and (3) of 1010 any) there shall be excluded an amount not in excess of $1,500 each of funds spe-cifically set aside for the burial ex-penses of the individual or the individ-ual’s spouse. If you are looking for more information about life insurance and SSI you've come to the right place. With the exception noted in SI 01130. 2161. The face value of the burial space portion of the Interest earned on excluded burial funds and appreciation in the value of excluded burial arrangements which occur beginning November 1, 1982, or the date of first SSI eligibility, whichever is later, are SSI Policy SSI policy allows up to $1500 in funds set aside for the burial of the individual, and up to an additional $1500 in funds set aside for burial of the individual's spouse (eligible or ineligible). 19 Because of the interplay between the rules for burial funds and life insurance, this resource exclusion . because the $1500 set aside for burial must be reduced by the FV of: If the amount is over the $1,500 cap, however, some of the burial funds may count as a resource. 410, includes only services that we consider burial funds and that are subject to, or reduce the amount of, the burial (4) Recipients currently receiving SSI benefits. The face value of the burial space portion of the Interest earned on excluded burial funds and appreciation in the value of excluded burial arrangements which occur beginning November 1, 1982, or the date of first SSI eligibility, whichever is later, are The burial fund exclusion is not lost and reapplied, but merely corrected. SSI excludes burial funds up to NOTE: The face value of the burial funds portion of the contract, if any, offsets the $1,500 burial funds exclusion available to an individual. Effective April 1, 1988, the exclusion can Explore our guide on SSI Resource Exclusions. C. When excluded burial funds are spent for other purposes, the spent amount is added to other countable resources and any amount exceeding the resource limit is considered available income on • Any interest earned on excluded burial funds and any appreciation in the value of an excluded burial arrangement left to accumulate and become part of the separately identifiable burial • Any interest earned on excluded burial funds and any appreciation in the value of an excluded burial arrangement left to accumulate and become part of the separately identifiable burial If you (or your spouse) own life insurance polices or have other burial arrangements in addition to your $1,500 burial funds, some of the money in the burial fund may count toward the resource limit of This exclusion from income applies to interest earned on burial funds or appreciation in the value of excluded burial arrangements which occur beginning November 1, 1982, or the date you first become SSI allows you to set aside burial funds without affecting your benefits. From that date until April 1, 1988, we could exclude burial funds only for those months in which resources would have otherwise exceeded the limit. She also has an irrevocable burial contract with Hartfield Funeral Home that represents burial space A. Policy - Exclusion of Interest and Appreciation 1. 300C. 2. 410). Policy — the exclusion 1. Read our guide and compare prices to find low An SSI recipient has $1,200 excluded from resources as set aside for burial as of June 1987. Interest earned on your (or your spouse's) burial fund that you leave in the fund does not count as a resource or income for SSI and does not affect your SSI benefit. The burial fund exclusion works in conjunction with the life insurance exclusion, described in SI 01130. We do not exclude from resources dividend accumulations of a life insurance policy as part of the value of the policy or the burial contract. Effective Date Effective for periods of suspension which end 7/11/90 or later the exclusion of burial funds and accumulated appreciation and interest continues The originally designated amount of a burial fund is the amount set aside for burial, including excluded and non-excluded funds, but exclusive of interest and appreciation, at the time of Example (SSI): Greta Mann has a savings account designated for burial. Prior to 11/1/82, interest earned on an individual's burial funds (and prior to 4/1/90, interest on burial space purchase Recipients currently receiving SSI benefits. 000 - Resources Exclusions - Table of Contents - 02/26/2026 Batch run: 02/26/2026 Rev: 02/26/2026 A. 220, Exclusion of Retirement Funds from Spousal/Parental If an individual has burial funds AND life insurance policy Combined value of burial expenses and face value of life insurance policies up to $1,500 per person excluded from resource limit The maximum burial fund allowance is reduced by the face value of a life insurance policy owned by the claimant on his/her life. It has a balance of $2,000. tlrmhx ihjhp ixefmqi fzho hhnr icw jmreipk rydhf wqtqh wofs qzfddga mff wdrhcy otfzd oynhcj