Illinois HB4979

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On May 27, 2022 in the House:

Governor Approved
Effective Date May 27, 2022
Public Act . . . . . . . . . 102-0959

On May 6, 2022 in the House:

Sent to the Governor

On April 30, 2022 in the Senate:

Alternate Chief Sponsor Changed to Sen. Don Harmon

On April 7, 2022 in the House:

Senate Committee Amendment No. 1 Motion to Concur Rules Referred to Insurance Committee
Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Insurance Committee; 017-000-000
Senate Committee Amendment No. 1 House Concurs 113-000-000
House Concurs
Passed Both Houses

On April 6, 2022 in the Senate:

Third Reading - Passed; 053-000-000

On April 6, 2022 in the House:

Arrived in House
Placed on Calendar Order of Concurrence Senate Amendment(s) 1
Senate Committee Amendment No. 1 Motion Filed Concur Rep. Natalie A. Manley
Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee

On April 5, 2022 in the Senate:

Waive Posting Notice
Senate Committee Amendment No. 1 Adopted
Do Pass as Amended Insurance; 008-000-000
Placed on Calendar Order of 2nd Reading
Second Reading
Placed on Calendar Order of 3rd Reading April 6, 2022

On April 4, 2022 in the Senate:

Assigned to Insurance
Senate Committee Amendment No. 1 Filed with Secretary by Sen. John Connor
Senate Committee Amendment No. 1 Referred to Assignments
Rule 2-10 Third Reading Deadline Established As April 8, 2022
Rule 2-10 Committee Deadline Established As April 8, 2022
Senate Committee Amendment No. 1 Assignments Refers to Insurance

On March 2, 2022 in the Senate:

Arrive in Senate
Placed on Calendar Order of First Reading
Chief Senate Sponsor Sen. John Connor
First Reading
Referred to Assignments

On March 1, 2022 in the House:

Third Reading - Short Debate - Passed 109-000-000

On February 22, 2022 in the House:

Second Reading - Short Debate
Placed on Calendar Order of 3rd Reading - Short Debate

On February 16, 2022 in the House:

Placed on Calendar 2nd Reading - Short Debate

On February 15, 2022 in the House:

House Committee Amendment No. 1 Rules Refers to Insurance Committee
House Committee Amendment No. 1 Adopted in Insurance Committee; by Voice Vote
Do Pass as Amended / Short Debate Insurance Committee; 016-000-000

On February 10, 2022 in the House:

House Committee Amendment No. 1 Filed with Clerk by Rep. Natalie A. Manley
House Committee Amendment No. 1 Referred to Rules Committee

On February 9, 2022 in the House:

Assigned to Insurance Committee

On January 27, 2022 in the House:

First Reading
Referred to Rules Committee

On January 26, 2022 in the House:

Filed with the Clerk by Rep. Natalie A. Manley

Senate Amendment 001

Replaces everything after the enacting clause. Amends the Illinois Insurance Code. Provides that an insured or any other person who may be the owner of rights under a policy of life insurance may make an irrevocable assignment of all or a part of his or her rights under the policy to a funeral home in accordance with a specified provision of the Illinois Funeral or Burial Funds Act. Provides that a policy owner who executes a designation beneficiary form irrevocably waives and cannot exercise certain rights. Amends the Illinois Funeral or Burial Funds Act. In a provision concerning pre-need contracts funded through the purchase of a life insurance policy or tax-deferred annuity contract, provides that nothing shall prohibit the purchaser from irrevocably assigning ownership of the policy or annuity to a person or trust or from irrevocably assigning the benefits of the policy or annuity to a funeral home for the purpose of obtaining favorable consideration for Medicaid, Supplemental Security Income, or another public assistance program. Requires the insured or any other person who may be the owner of rights under an existing policy of life insurance to sign a guaranteed pre-need contract with the provider that describes the cost of the funeral goods and services to be provided upon the person's death, up to $7,248, except that any portion of a contract that clearly represents the purchase of burial space, as that term is defined for purposes of the Supplemental Security Income program, is exempt regardless of value. Provides that the form to effectuate the irrevocable assignment and thereby provide for the irrevocable designation of beneficiary of one or more life insurance policies shall be prepared by the Department of Healthcare and Family Services or such form, approved by the Department of Healthcare and Family Services, that has been prepared by an insurance company licensed to operate in the State of Illinois. Contains provisions concerning disclosure statements under pre-need contracts with cash advances; the distribution of proceeds under a life insurance policy upon the death of the insured; and other matters. Amends the Aid to the Aged, Blind or Disabled Article of the Illinois Public Aid Code. Provides that at any time prior to or after submitting an application for medical assistance and before a final determination of eligibility has been made, an applicant may use available resources to purchase one of the prepaid funeral or burial contracts exempted under the Article. Provides that existing life insurance policies are exempt if there has been an irrevocable assignment in compliance with a specified provision under the Illinois Funeral or Burial Funds Act. Requires a person to sign a contract with a funeral home, which is licensed under the Illinois Funeral or Burial Funds Act, that describes the cost of the funeral goods and services to be provided upon the person's death, up to $7,248, except that any portion of a contract that clearly represents the purchase of burial space, as that term is defined for purposes of the Supplemental Security Income program, is exempt regardless of value. Provides that the amount shall be adjusted annually for any increase in the Consumer Price Index. Requires the licensed funeral home to which the life insurance policy benefits have been irrevocably assigned to retain copies for inspection by the Comptroller and to report annually to the Comptroller certain information. Provides that certain provisions under the amendatory Act shall be subject to federal approval. Requires the Department of Healthcare and Family Services to apply for any necessary federal waivers or approvals to implement certain changes made under the amendatory Act. Effective immediately.

House Amendment 001

Replaces everything after the enacting clause. Amends the Illinois Public Aid Code. In a provision requiring the Department of Human Services to exempt certain prepaid funeral or burial contracts from consideration when making an eligibility determination for medical assistance, provides that at any time after submitting an application for medical assistance and before a final determination of eligibility has been made by the Department, an applicant may use available resources to purchase one of the exempted prepaid funeral or burial contracts.