Since its launch in July 2016, ABLE United has paved a new path for Floridians with disabilities to save money without the fear of losing or reducing their vital government benefits such as Supplemental Security Income (SSI) and Medicaid. However, one obstacle remained that caused many individuals not to open an account…
Federal law allows that when a beneficiary passes away, and after all outstanding Qualified Disability Expenses are paid, a state may file a claim for Medicaid expenditures on their ABLE account.
Fortunately, thanks to the signing of HB 6047 on Friday June 7, 2019, Floridians covered by Medicaid no longer need to worry that a Medicaid claim will be filed on their ABLE United accounts.
Florida joined California, Maryland, Pennsylvania, Oregon and other states in passing legislation to clarify that all outstanding funds in an ABLE United account, after Qualified Disability Expenses are paid, should go to the beneficiary’s estate.
The Arc of Florida is thankful for the efforts of ABLE United in working towards this goal. We join ABLE United in expressing our sincere gratitude to Governor DeSantis for passing and signing into law this important legislation, which provides increased peace of mind to ABLE United account holders receiving Medicaid and their families.
If Medicaid recovery was holding you or the families you serve back from opening an ABLE United account, now might be the time to reconsider.
Learn more about ABLE United and open an account at www.ableunited.com.