Ssi burial fund exclusion. If you (or your spouse) own life insurance polices or have ...

Ssi burial fund exclusion. If you (or your spouse) own life insurance polices or have other burial arrangements in addition to your $1,500 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. (For burial fund exclusion instructions, see SI 01130. 410, includes only services that we consider burial funds and that are subject to, or reduce the amount of, the Burial funds first became excludable from resources on November 1, 1982. A single-purpose contract for burial expenses as described in SI 01130. (1) For the purposes of this section, burial funds are funds set aside and clearly For SSI purposes, some types of unearned income are not counted. If 1010 the individual or the individ-ual’s spouse. From that date until April 1, 1988, we could exclude Prior to 11/1/82, interest earned on an individual's burial funds (and prior to 4/1/90, interest on burial space purchase agreements) could be excluded from income only by means of the • Restricted allotted Indian lands; • Disaster relief assistance; • Assistance received under a program for flood mitigation activities; • Burial spaces and certain funds up to $1,500 for SI 01130. Burial-related assets are burial funds (excluded and non-excluded) and burial spaces (including agreements representing the purchase of a burial space). If the client has not established a burial fund they may designate liquid assets as their burial J. 410 - For the purposes of determining SSI eligibility these accounts are not counted as resources and can be used by beneficiaries without affecting their eligibility. Policy for burial exclusions 1. What if I spend resources that A. Effective June 11, 2023. 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 burial fund exclusion allows an individual to designate up to $1500 of various kinds of resources as burial funds. A single-purpose contract for burial A life insurance funded burial contract involves an individual purchasing a life insurance policy on their own life and then assigning, revocably or irrevocably, either the proceeds or The burial fund exclusion (BFE) allows the client to set aside assets for their burial services. (1) The agency excludes life insurance policies that do not have or cannot accrue a cash surrender value (CSV) in 5. See SI 01130. 97 allows burial contract funds to be held in trust and made irrevocable: “If the purchaser chooses to EXCLUSION OF BURIAL FUNDS UNDER SSI POLICY SSI policy allows up to $1,500 in funds set aside for the burial of the individual and up to an additional $1,500 in funds set aside for burial of the Burial Space: Question 48 Complete 48 (a) for all claimants. 8 So if you’ve already locked $1,500 into a prepaid funeral plan, your ABD 2322-3. Life Insurance 2159. • Restricted allotted Indian lands; • Disaster relief assistance; • Assistance received under a program for flood mitigation activities; • Burial spaces and certain funds up to $1,500 for burial 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 The maximum burial fund allowance is reduced by the face value of a life insurance policy owned by the claimant on his/her life. Learn about countable resources, unearned income, burial fund exclusions, and more to C. 400. They are excluded from the computation Guide to Resources Exclusions The following is a list of instructions which addresses a partial or total exclusion of resources. The face value of the burial space portion of the However, amounts held in irrevocable burial arrangements reduce the $1,500 set-aside exclusion dollar-for-dollar. Effective Date Effective for periods of suspension which end 7/11/90 or later the exclusion of burial funds and accumulated appreciation and interest 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 kept separately identifiable Example (SSI): Greta Mann has a savings account designated for burial. 000 - Resources Exclusions - Table of Contents - 02/26/2026 Batch run: 02/26/2026 Rev: 02/26/2026 Exclusion. 412 Burial Funds Exclusion - Periods Prior to April 1, 1988 A. General The resources (and income) exclusions related to burial funds were the same prior to April 1, 1988 as If the face value of all policies exceeds $1,500, we treat the CSV of the policy according to the burial funds exclusion, if applicable. Learn how much you can save and how to do it properly. 1 Is life insurance considered a resource? Life insurance is a resource if: You own it; and It has a cash surrender value. 410, includes only services that we consider burial funds and that are subject to, or reduce the amount of, the At the time of the initial application, the SSI-related applicant cannot have more than $1,500 or $3,000 for a couple set aside as a burial fund. 4. 421 (MN) Minnesota Prepaid Burial Contracts Minnesota Statue 149A. Here is a list of more common unearned income exclusions. e. With few exceptions, applicants for Non-SSI Medicaid classes of assistant may designate any non-excluded resource for burial. 220, Exclusion of Retirement Funds from Prior to 11/1/82, interest earned on an individual's burial funds (and prior to 4/1/90, interest on burial space purchase agreements) could be excluded from income only by means of the Generally, individual and/or spouse can set aside up to $1,500 per person in a burial fund or in life insurance policies POMS SI 01130. , burial The exclusion period was extended from 2 to 12 months by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, for refunds or credits PDF WAC 182-512-0500 SSI-related medical — Burial funds, contracts and spaces excluded as resources. Effective Date Effective for periods of suspension which end 7/11/90 or later the exclusion of burial funds and accumulated appreciation and interest Furthermore, the $1,500 burial fund exclusion is not affected by the $1,500 life insurance exclusion. 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. 700, Identifying Excluded Funds that have been Commingled with Nonexcluded Funds SI 01330. SI 01130. Burial Funds 2161. If excluded burial funds are mixed with resources not (9) Extension of burial fund exclusion during suspension. Burial Fund Exclusion Offset A revocably assigned life insurance policy placed in an irrevocable life insurance trust is treated the same as a life insurance policy for which the ownership has been Furthermore, the $1,500 burial fund exclusion is not affected by the $1,500 life insurance exclusion. Learn about countable resources, unearned income, burial fund exclusions, and more to A single-purpose contract for burial expenses as described in SI 01130. In determining the resources of an individual, the value of burial spaces for the individual, Explore our guide on SSI Resource Exclusions. Any appreciation in the value of excluded burial funds is excluded from resources (and from income), even if the total of the burial funds thus excluded exceeds $1,500. , burial 2161. SI 01130: Resources Exclusions TN 36 (07-95) A. This report provides an (4) Recipients currently receiving SSI benefits. Any interest earned on excluded burial funds and any appreciation in the value of an excluded burial arrangement which are left to accumulate and become part of the separately identifiable burial fund SSI applicants must meet strict resource limits, typically $2,000 for an individual and $3,000 for a couple. Funds held in an irrevocable burial contract or trust are generally not counted Social Security Handbook 2156. Policy — the exclusion 1. When the claimant answers (a) "YES," complete (b). No. SSI Exclusions Some types of income and resources do not count when the Supplemental Security Income (SSI) program computes a monthly SSI payment. Exceptions de for burial expenses— Exclusion. If the burial fund contains more than $1,500/$3,000, the Funds can go up to $1,500 and must be separately identified and set aside. Amounts in an irrevocable burial trust, or other irrevocable arrangement available to meet burial expenses, or burial space purchase agreement installment contracts on which money is still owing. NOTE: Do not confuse the burial This is covered in the SSI POMS manual section SI 01130. 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 Explore our guide on SSI Resource Exclusions. - Prepaid Burial Contracts in The Seattle Region. However, keep in mind that any money specifically burial plots or spaces for you or your immediate family; burial funds of up to $1,500 each for you and your spouse's burial expenses; property you or your spouse use in a trade or business, or on your If application of the provisions in SI 01120. It has a balance of $2,000. Life Insurance. The face value of the burial space portion of the 2. Read our guide and compare prices to find low • 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 SSI allows you to set aside burial funds without affecting your benefits. Policy 1. 410). 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. The WAC 182-512-0500 SSI-related medical -- Burial funds, contracts and spaces excluded as resources. Otherwise, go to question 49. , 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 fund (see § Social Security Handbook 2159. This exclusion can be used in place Furthermore, the $1,500 burial fund exclusion is not affected by the $1,500 life insurance exclusion. This includes grave sites, vaults, 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 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 kept separately identifiable EXCLUSION OF BURIAL FUNDS UNDER SSI POLICY SSI policy allows up to $1,500 in funds set aside for the burial of the individual and up to an additional $1,500 in funds set aside for burial of the PDF WAC 182-512-0450 SSI-related medical—Life insurance excluded as a resource. From that date until April 1, 1988, we could exclude burial funds only for those months in which resources Guide to Resources Exclusions The following is a list of instructions which addresses a partial or total exclusion of resources. 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 burial ex-penses of the b. What are the resource exclusions? In determining countable resources, certain exclusions are authorized by Title XVI of the Social Security Act, by other Federal laws, and Burial funds exclusion: Funds designated as set aside for the funeral and burial expenses of the individual or the individual's spouse are subject to a maximum exclusion of $1,500. The burial spaces exclusion for Extra Help is the same as for the SSI program, i. Burial Spaces and Certain Amounts for Burial Funds: Spaces where you or your immediate family will be buried, as well as up to $1,500 in burial funds, may be excluded if they're The burial fund exclusion applies only if funds set aside for burial expenses are kept separate from all other resources not intended for burial. (a) Burial spaces — (1) General. Background Burial funds first became excludable from resources on November 1, 1982. TN 126 (09-24) SI 01130. If the face value of all combined life/burial insurance policies is under the If you are looking for more information about life insurance and SSI you've come to the right place. Those in bold print involve exclusions under a Federal statute SI CHI01130. Those in bold print involve exclusions under a Federal statute 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 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. This exclusion applies only if the funds set aside for burial ex-penses are kept separate from all other resources not intended for burial of the individual (or In most cases, this money will not count as a resource for Supplemental Security Income (SSI). All life insurance policies can have up to $1,500 combined face value. 409 - SI 01130. NOTE: Unless identified as exceptions, other SSI exclusions not listed above are also considered exclusions for SI 01130. If excluded burial funds are mixed with resources not Funds received and conserved to pay for medical and/or social services. Be alert for situations where further questioning about death benefits is advisable. 220, Exclusion of Retirement Funds from 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 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 • Foster care payments (SI 00830. Burial fund exclusion For treatment of the burial fund exclusion, see SI 01130. 1 Do burial funds count as resources? Money you set aside for burial up to $1,500 each for you and your spouse are excluded from resources if: The resource is designated as Wondering how burial funds impact SSI benefits? Our latest blog covers what you need to know about burial funds and eligibility. 410 for instructions on the burial funds exclusion. Your uncle's cemetery plot won't count toward his $2,000 resource limit. For example, burial SSA Home Supplemental Security Income (SSI) SSI Additional Information Understanding SSI SSI Resources SUPPLEMENTAL SECURITY INCOME (SSI) RESOURCES WHAT ARE RESOURCES? The burial fund exclusion allows an individual to designate up to $1500 of various kinds of resources as burial funds. 201H in this section results in the counting of a burial trust as a resource, the burial space and burial funds exclusions may apply. The exclusion of burial funds and accumulated interest and appreciation will continue to apply throughout a period of suspension as described in § A life insurance funded burial contract involves an individual purchasing a life insurance policy on their own life and then assigning, revocably or irrevocably, either the proceeds or 2. Do burial spaces count as resources? The value of burial spaces for you, your spouse, or for any member of your immediate family does not count as resources. Income excluded under other Federal Laws $20 General Income B. 1. Learn what SSI pays in 2026, how your income and living situation affect your monthly benefit, and what you can do to protect your eligibility. 120 through SI 01330. 410) • Any interest earned on excluded burial funds and any appreciation in the value of an excluded burial arrangement which are left to accumulate and Funds designated as burial expenses are excluded, but this exclusion does not apply to the recipient’s contract, according to existing regulations. For the purposes of this section, burial funds are funds set aside and clearly . 1231 Burial spaces and certain funds set aside for burial expenses. 300 - Life Insurance Policies POMS SI 01130. 425. Persons applying for SSI Medicaid may not designate any non-liquid resources for burial ABD 2312 -2. • Restricted allotted Indian lands; • Disaster relief assistance; • Assistance received under a program for flood mitigation activities; • Burial spaces and certain funds up to $1,500 for burial The SSI application and redetermination forms do not ask specifically about death benefits. She also has an irrevocable burial contract with Hartfield Funeral Home that represents burial space The burial fund exclusion applies only if funds set aside for burial expenses are kept separate from all other resources not intended for burial. If burial funds are commingled 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 SSI allows you to set aside burial funds without affecting your benefits. 2160. 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 § 416.