*** The Health Care Programs Manual (HCPM) has been replaced by the Minnesota Health Care Programs Eligibility Policy Manual (EPM) as of June 1, 2016. Please refer to the EPM for current health care program policy information. ***
Effective: January 1, 2012 |
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19.25.40.10 - Verification of Burial Assets and Life Insurance |
Archived: June 1, 2016 (Previous Versions) |
Verification of burial assets follows the policies outlined in Verification of Assets. This section identifies how those policies apply to burial assets.
Burial and Life Insurance Verification.
Document in the case record:
l The assets used, and the steps taken in applying the burial space items and the burial fund exclusions.
l The specific reason why assets designated toward the burial fund exclusion cannot be separated from other assets.
Burial and Life Insurance Verification
Follow specific program provisions for verification of burial assets. For more specific policy on the verification of assets, see Verification of Assets.
l MinnesotaCare.
Do not verify burial funds, life insurance, or any other asset.
l MA Method A and RMA.
Verify all burial assets to determine if the burial asset is excluded, counted, or unavailable at application and when there has a been a change in the asset.
l MA Method B.
n Verify all burial assets to determine if the burial asset is excluded, counted, or unavailable at application and when there has been a change in the asset.
Examples of burial assets include:
m Non-term Life Insurance (verify face value and cash surrender value).
m Revocable Burial Agreements (RBA).
m Irrevocable Burial Agreements (IBA).
m Annuity-funded burials (AFB).
m Life Insurance-funded burials (IFB).
m Cremation Society Agreements (CSA).
n Verify any changes made to burial assets to determine if they qualify as burial expenses.
l LTC.
Follow MA Method B and if these burial assets are included in an asset assessment, be sure to verify them at the time of the assessment.