Summary

H.R. 4176: To amend title XVI of the Social Security Act to clarify that the value of certain funeral and burial arrangements are not to be considered available... Read More

Status

This bill was introduced on Mar 8, 2012, in a previous session of Congress, but was not passed.

Bill Text

A BILL

To amend title XVI of the Social Security Act to clarify that the value of certain funeral and burial arrangements are not to be considered available resources under the supplemental security income program.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. CERTAIN FUNERAL AND BURIAL ARRANGEMENTS NOT CONSIDERED RESOURCES.

(a) In General.--Section 1613(d) of the Social Security Act (42 U.S.C. 1382b(d)) is amended-- (1) in paragraph (2)(B), by inserting ``, including a trust or arrangement described in paragraph (5)'' after ``irrevocable arrangement''; and (2) by adding at the end the following: ``(5) If-- ``(A) an individual or the individual's spouse enters into an irrevocable contract with a provider of funeral goods and services for a funeral; and ``(B) the individual or the individual's spouse funds the contract by-- ``(i) prepaying for the goods and services and the funeral provider places the funds in a trust; ``(ii) establishing an irrevocable trust fully funding the goods and services and the funeral provider is the named beneficiary of the trust; or ``(iii) purchasing a life insurance policy that provides benefits to pay for the goods and services and irrevocably assigning such benefits to-- ``(I) the funeral provider; or ``(II) an irrevocable trust fully funding the goods and services and the funeral provider is the named beneficiary of the trust, then the irrevocable contract and the funding arrangement for the irrevocable contract shall not be considered a resource available...

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Bill Summary

H.R. 4176: To amend title XVI of the Social Security Act to clarify that the value of certain funeral and burial arrangements are not to be considered available resources under the supplemental security income program.

H.R. 4175the Insurance Fairness for Amputees Act H.R. 4177the Citizen Soldier Equality Act