Amends title XVI (Supplemental Security Income) (SSI) of the Social Security Act to provide that the value of certain prepaid funeral and burial arrangements involving an irrevocable trust whose named beneficiary is the funeral provider are not to be considered, under the SSI program, as resources available to the individual.
Includes among such arrangements a life insurance policy irrevocably assigning benefits covering funeral goods and services to: (1) a funeral provider, or (2) an irrevocable trust fully funding such goods and services and naming the funeral provider as the trust beneficiary.
Referred to the Subcommittee on Human Resources.
Referred to the Subcommittee on Human Resources.
Read twice and referred to the Committee on Finance.
Referred to the Subcommittee on Human Resources.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S1200-1201)
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1201)
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