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SSI / MEDICAID AND PREPAYING A FUNERAL If you or a loved one may be applying for SSI/Medicaid or General Assistance, prepaying your funeral makes sense financially. You meet with your funeral director and select the services and merchandise you want and that meet your budget. The funeral director then sets up an irrevocable account - meaning the money or insurance can only be used for funeral expenses. This means you can prefund your funeral without affecting SSI/Medicaid and General Assistance program eligibility. New Jersey law permits SSI/Medicaid applicants or recipients to use irrevocable insurance, annuities or trust funds to prefund their funerals. Ask your social worker, funeral director, or elder law attorney for details. Other Reasons to Preplan . . . Resource Exclusion for SSI/Medicaid Eligibility |
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