Enrolled Senate Bill (S)

DIGEST

ABLE savings accounts; Medicaid reimbursement rates. Creates the "achieving a better life experience" (ABLE) authority (authority). Establishes the ABLE board (board) of the authority. Provides that the authority may establish a qualified ABLE program under which a person may make contributions for a taxable year for the benefit of an eligible individual with a disability to an ABLE account to meet the qualified disability expenses of the designated beneficiary in compliance with federal law. Sets forth duties and powers of the authority and the board. Establishes a general operating fund, endowment fund, and trust fund. Removes language that specifies Medicaid ABLE savings accounts; Medicaid reimbursement rates. Creates the "achieving a better life experience" (ABLE) authority (authority). Establishes the ABLE board (board) of the authority. Provides that the authority may establish a qualified ABLE program under which a person may make contributions for a taxable year for the benefit of an eligible individual with a disability to an ABLE account to meet the qualified disability expenses of the designated beneficiary in compliance with federal law. Sets forth duties and powers of the authority and the board. Establishes a general operating fund, endowment fund, and trust fund. Removes language that specifies Medicaid reimbursement rates for services provided by: (1) an ICF/MR facility; or (2) a community residential facility for the developmentally disabled. Voids an administrative rule that specifies Medicaid reimbursement rates for services by these facilities. ... View more