Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee advances bill allowing Idaho to join multistate ABLE-account consortium to lower fees, expand outreach
Summary
The Senate Health and Welfare Committee sent House Bill 26 to the floor after testimony that joining a multistate ABLE consortium would reduce fees for account holders, provide state-level outreach and oversight, and let Idahoans save for disability-related expenses without risking public benefits.
State Treasurer Julie Ellsworth asked the Senate Health and Welfare Committee to give House Bill 26 a “due pass” recommendation, saying the bill would allow Idaho to join a multistate ABLE-account consortium to reduce fees, provide outreach in Idaho and preserve account protections for people with disabilities.
The legislation would authorize the treasurer’s office to contract with a multi‑state program so Idahoans who open ABLE accounts through the state would pay lower account-management fees and the program could fund Idaho-based outreach. “By joining a consortium… it will take it down to 19 to 33% basis points, a huge savings to them,” Ellsworth told the committee, asking members to support the…
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
