Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears bill to shield ABLE (STABLE) accounts from Medicaid estate recovery and cover fees
Summary
The House Public Insurance and Pensions Committee heard sponsor testimony on House Bill 193, a bill to modernize Ohio's ABLE (STABLE) program by aligning state code with federal guidance, exempting ABLE funds from Medicaid estate recovery at an indexed threshold, and directing the treasurer to pay account fees for Ohio participants.
The House Public Insurance and Pensions Committee heard sponsor testimony on House Bill 193, a bill to modernize Ohio's ABLE (STABLE) program by aligning state code with federal guidance, exempt certain ABLE account funds from Medicaid estate recovery, and authorize the treasurer of state to pay account fees for Ohio account owners or beneficiaries.
Representative Barnhorst said the proposal would update statutes and indexing, "exempts funds held in the ABLE account from collection under the Ohio Medicaid Estate Recovery Program, aligning our state practices with the intent of the federal law." He told the committee that Ohio administers the STABLE program for 32 other states…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
