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MA H121

MA H121
Preventing funds deposited in children’s savings accounts from counting against cash assistance benefits


summary

Introduced
01/23/2017
In Committee
07/18/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to preventing funds deposited in children’s savings accounts from counting against cash assistance benefits. Children, Families and Persons with Disabilities.

AI Summary

This bill aims to prevent funds deposited in children's savings accounts from being counted against cash assistance benefits. Specifically, it allows recipients of transitional aid to families with dependent children to deposit funds in accounts designated for a child's higher education or other expenses without those funds being included as a countable asset for the purpose of determining the recipient's eligibility for cash assistance. The bill ensures that these savings accounts can accumulate assets over time to help recipients save for their children's future without jeopardizing their current cash assistance benefits.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (13)

Last Action

No further action taken (on 01/01/2019)

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