SSI / Medicaid
Why prearrange and prefund a funeral prior to SSI/Medicaid acceptance...
A 1982 amendment to the Social Security Act implemented a program whereby SSI/Medicaid eligible persons can set aside funds for their funeral and burial before their resources are exhausted by medical bills or their income declines to such a level that they need the cash assistance provided by the Supplemental Security Income (SSI) program.
Effective January 1, 1997, NY State Law mandates that all contracts for prefunded funerals executed by applicants for or recipients of Medicaid be irrevocable.
Are you, or someone you know, applying for financial assistance under SSI/Medicaid? If so, prepaid funeral arrangements offer the opportunity to completely fund the funeral of your choice before assets are exhausted for medical care or before your assets are reduced to SSI/Medical eligibility levels.