Current through Register Vol. 54, No. 25, June 22, 2024
Section 178.73 - Revocable burial reserveRevocable burial reserves are considered as follows:
(1) Up to $1,500 in a revocable reserve for each applicant/recipient is excluded subject to the limitation in paragraph (2).(2) The maximum exclusion of $1,500 is reduced by the total of one of the following: (i) The face value of life insurance which accumulates cash value if the total face value does not exceed $1,500.(ii) The cash value of life insurance excluded under § 178.69 (relating to life insurance policies) if the face value exceeds $1,500, and the value of the irrevocable burial reserve.(3) Interest earned on the burial reserve is also excluded if it is left to accumulate with the revocable burial reserve.(4) Funds, whether principal or interest, withdrawn and used for something other than the applicant's/recipient's burial expenses are counted as a resource. This section cited in 55 Pa. Code § 178.5 (relating to treatment of irrevocable burial reserves for all categories of MA); 55 Pa. Code § 178.91 (relating to deeming of resources); 55 Pa. Code § 178.121 (relating to general); 55 Pa. Code § 178.122 (relating to determining the spousal share of resources if the institutionalized spouse is not applying for MA); and 55 Pa. Code § 178.123 (relating to determining the spousal share of resources at the same time the institutionalized spouse applies for MA).