HB 267 -- PUBLIC ASSISTANCE ASSETS

SPONSOR:  Overschmidt

COMMITTEE ACTION:  Voted "do pass" by the Committee on Social
Services, Medicaid and the Elderly�by a vote of 11 to 2.

This bill excludes the value of burial lots or amounts placed in
irrevocable prearranged funeral or burial contracts from being
considered as assets for the purpose of determining eligibility
for and the amount of benefits under federally aided public
assistance programs.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that excluding burial and funeral
assets is sound public policy as it removes the penalties for
individuals who have engaged in responsible planning.

Testifying for the bill were Representative Overschmidt;

Missouri Funeral Directors Association; and the Forethought
Group.

OPPONENTS:  There was no opposition voiced to the committee.

Debra Cheshier, Research Analyst

HB 267 -- Public Assistance Assets

Sponsor:  Overschmidt

This bill excludes the value of burial lots or amounts placed in
irrevocable prearranged funeral or burial contracts from being
considered as assets for the purpose of determining eligibility
for and the amount of benefits under federally aided public
assistance programs.