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Treasurer urges Connecticut to update ABLE CT law to reflect federal changes, ease account fees
Summary
State Treasurer Eric Russell told the Human Services Committee the bill to amend Connecticut's ABLE CT statute would align state code with recent federal law, raise the age-of-diagnosis threshold and let the state treasurer cover small maintenance fees for low-balance accounts.
State Treasurer Eric Russell testified March 11 before the Human Services Committee in support of legislation to update Connecticut's ABLE CT program to match recent federal changes and to reduce barriers for account holders.
Russell said the bill would raise the age-of-diagnosis threshold for ABLE eligibility from 26 to 46, effective Jan. 1, 2026, and would permit automatic incorporation of future federal changes into Connecticut law. "This change is expected to significantly increase the pool of eligible beneficiaries," Russell said, noting national estimates of increased eligibility among veterans…
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