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Senate committee advances bill allowing Idaho to join interstate ABLE account consortium
Summary
State Treasurer Julie Ellsworth urged the Senate Health and Welfare Committee to approve House Bill 26, a bill that would authorize the state to join a multi-state consortium that administers ABLE accounts, savings accounts that let people with disabilities save for qualified expenses without jeopardizing eligibility for public benefits.
State Treasurer Julie Ellsworth urged the Senate Health and Welfare Committee to approve House Bill 26, a bill that would authorize the state to join a multi-state consortium that administers ABLE accounts, savings accounts that let people with disabilities save for qualified expenses without jeopardizing eligibility for public benefits.
ABLE accounts allow people with disabilities to set aside funds for health care, housing, assistive technology and other qualified expenses while protecting access to Medicaid and Supplemental Security Income. Ellsworth told the committee that Idaho created enabling statute in 2017 but did not launch a standalone program because of the overhead costs; HB 26 would let the state join an existing…
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