Under the Federal Supplemental Security Income and Medicaid guidelines of the State of Washington, an irrevocable trust may be established if you are now, or expect to be in the near future, on public assistance. This means you may set any sum of money aside for your funeral, provided the money is specifically set aside for that purpose and can be supported with a list of selected services.
What are the benefits of prepaying a funeral prior to your eligibility for SSI or Medicaid?
Prepaying allows you to pay for the funeral or cremation of your choice before assets are used up for medical care and before assets are reduced to SSI or Medicaid eligibility levels. Also, by pre-planning during the application process for SSI/Medicaid, you will have the opportunity to plan and pay for a funeral/cremation out of your own funds, ensuring that your exact wishes are carried out.