Bill > SB64

This bill modifies Nevada's Medicaid recovery rules to protect ABLE (Achieving a Better Life Experience) Savings Program accounts from estate recovery efforts. An ABLE account is a special tax-advantaged savings account for individuals with disabilities, allowing them to save money without losing eligibility for public benefits like Medicaid. Under this bill, the state government is prohibited from seeking to recover Medicaid benefits from money remaining in an ABLE account after the account holder's death, unless federal law specifically requires such recovery. The bill requires the Director of the Department of Health and Human Services to apply for any necessary federal waivers or amendments to implement this protection and to terminate any existing recovery efforts targeting ABLE accounts. This legislation aims to preserve the financial resources of individuals with disabilities by preventing the state from claiming funds from these specialized savings accounts, which are designed to support the additional expenses and quality of life for people living with disabilities.