Department of Social Services
Family Support Division
PO Box 2320
Jefferson City, Missouri
TO: ALL FAMILY SUPPORT OFFICES
FROM: REGINALD E. McELHANNON, INTERIM DIRECTOR
SUBJECT: CASH SURRENDER VALUE (CSV) EXEMPTION FOR THE MO HEALTHNET FOR THE AGED, BLIND, AND DISABLED (MHABD) PROGRAM
MANUAL REVISION #110
Policy regarding the CSV Exemption has been updated.
Each participant is allowed a total CSV Exemption of $1,500 on the CSV of pre-need burial contracts, Personal Funeral Trust accounts, life insurance policies, and designated burial funds.
NOTE: If married, the CSV exemption is applied to each individual’s policies separately.
The CSV Exemption must be applied in the following order:
- Irrevocable pre-need burial contracts or irrevocable Personal Funeral Trust accounts
- Life insurance cash surrender value
- Revocable pre-need burial contracts, revocable Personal Funeral Trust accounts
- Designated burial funds
- Review this memorandum with appropriate staff.