Bill > LB1240

This bill amends existing state law concerning the Achieving a Better Life Experience (ABLE) program, which allows individuals with disabilities and their families to save money without affecting eligibility for certain public benefits. Specifically, it changes provisions related to the state's ability to recover funds from an ABLE account after the death of the designated beneficiary. The key change is that the state will no longer seek recovery of any remaining funds in an ABLE account, or any funds distributed from the account upon the beneficiary's death, for medical assistance received by the beneficiary, their spouse, or dependent under the state's medical assistance program after the account was established. This change is contingent on the Department of Health and Human Services receiving approval from the Centers for Medicare and Medicaid Services, a federal agency overseeing health programs. The bill also repeals the original section of law it is amending.

Budget and Finance

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=64025