spenddowns

Excess Preneed Funds: The State’s Collection Agent

By Bill Stalter on March 19, 2014

Over the past few months, we have been pressing state officials in Illinois and Nebraska on the issue of who is the state’s collection agent for excess preneed funds. Is it the funeral director or the funding source (the preneed trustee or the preneed insurance carrier)?

Back in 2010, the Missouri State Board of Embalmers…

Missouri’s Ever Changing Spend Down Rule

By Bill Stalter on May 15, 2010

Posted in Preneed

Give the State Board credit for attempting to clarify how insurance assignments must be handled for compliance with Missouri laws.

For several months, the State Board has sought clarifications from MO HealthNet regarding spend-downs. On May 12th, the Board emailed to the industry new MO HealthNet guidelines for insurance assignments. One day later, the legislature…