Ohio Senate Passes Rep. Dever's Bill To Help People With Disabilities Meet Financial Needs
ABLE program allows disabled Ohioans to create tax-advantaged savings accounts
June 24, 2015
 
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State Representative Jonathan Dever (R-Madeira) has announced that House Bill 155, legislation he sponsored with Rep. Margy Conditt (R-Liberty Township), unanimously passed out of the Ohio Senate today.


The bill, which passed the House on May 20th, establishes the “Achieving a Better Life Experience” (ABLE) program in Ohio, which makes it easier for individuals and families to provide financial assistance to disabled persons, helping them to sustain a healthy, independent lifestyle.


“I am encouraged to see the Ohio Senate unanimously pass House Bill 155 today,” Dever said. “This legislation will help lift disabled Ohioans out of poverty. It is an important step in the effort to assist those with disabilities manage the extra and significant costs of living with a disability.”


The ABLE program helps eligible beneficiaries who meet certain disability requirements established by federal law. For those who are eligible, the accounts will not affect eligibility for Supplemental Security Income (SSI), Medicaid or other public benefits, until the account reaches a certain threshold. The legislation explains further that an ABLE account will, with private savings, secure funding for disability-related expenses on behalf of designated beneficiaries.


The program will be administered through the State Treasurer’s office, including actions such as seeking rulings from the IRS, developing necessary rules and forms, and establishing procedures for paying administrative costs.


The bill now goes to Governor Kasich for his consideration.

 
 
 
  
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