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: DESIGNATED BURIAL FUNDS – MO HEALTHNET FOR THE AGED, BLIND, AND DISABLED (MHABD) MANUAL REVISION
MANUAL REVISION #111
DISCUSSION:
If the participant does not own a pre-need burial contract, life insurance policy, or Personal Funeral Trust account, or the total amount of the contracts are less than the $1500 cash surrender value (CSV) exemption, the participant may designate funds to be set aside for his/her future burial expenses.
Designated Burial Funds should be coded in the electronic case record as a Liquid Resource (LR), Designated Funeral Fund (DF).
To designate a resource to be set aside for future burial expenses, obtain the participant’s signature on the Burial Fund Resource Designation (IM-99) form.
Designated Burial Funds must be a liquid asset with a definite cash value, such as bank accounts, stocks, bonds, or certificates of deposit.
Funds designated as set aside for burial must be separately identifiable and not co-mingled with other funds. For example, funds designated for burial cannot be included in a checking account that is used for other purposes.
NECESSARY ACTION:
- Review this memorandum with appropriate staff.
RM/rr