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Committee hears updates to Ohio ABLE/STABLE accounts, including estate‑recovery exemption and fee coverage
Summary
Sponsors told the House Public Insurance and Pensions Committee that House Bill 193 would update Ohio's ABLE/STABLE program: exempt certain ABLE funds from Medicaid estate recovery (with an inflation‑adjusted exemption) and direct the treasurer to pay account fees; sponsors cited outreach and a $900,000 appropriation to offset fees.
The House Public Insurance and Pensions Committee held a first hearing on House Bill 193, which sponsors said would modernize Ohio's ABLE/STABLE program by protecting some account balances from Medicaid estate recovery and by removing fee barriers for participants.
Representative Barnhorst, a sponsor, told the committee Ohio was an early adopter of the federal ABLE program and currently administers the STABLE program that other states use. "We are the largest STABLE account in the country," Barnhorst said, and HB 193 would update Ohio law to align with recent federal guidance.
Two principal changes sponsors…
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