MR #24.08 2024 Irrevocable Prepaid Burial Limit Increase

Illinois Department of Human Services logo
Illinois Department of Heathcare and Family Services logo

02/21/2024

Summary:

  • The Aid to the Aged, Blind, or Disabled (AABD) cash and medical exemption for an irrevocable prepaid burial contract is adjusted annually for any increase in the Consumer Price Index for All Urban Users (CPI-U).
  • The exemption is increased from $7,719 to $7,981 effective 01/01/2024.

The amount of the exemption for an irrevocable prepaid burial contract is adjusted annually for any increase in the Consumer Price Index for All Urban Users (CPI-U). The exemption of an irrevocable prepaid burial contract will increase to $7,981 effective 01/01/2024. 

Increase of the Irrevocable Prepaid Contract

IES will use the increased $7,981 exemption for:

  • all AABD cash and medical application decisions made effective 01/01/2024; and
  • all AABD cash and medical redeterminations.

Refer to MR 23.29 Irrevocable Assignment of an Existing Life Insurance Policy to a Funeral Home or Funeral Director to Fund a Prepaid Burial on Contract about policy changes concerning exempt life insurance policies.

Manual Revisions:

PM 07-02-08-c

PM 07-02-08-f

[signed copy on file]

Dulce M. Quintero

Secretary-Designate, Illinois Department of Human Services

Elizabeth Whitehorn

Director, Illinois Department of Healthcare and Family Services