Nebraska LB1240 amends the achieving a better life experience program to prevent state recovery of certain account balances.

Nebraska LB1240 modifies the achieving a better life experience program by prohibiting the state from recovering any remaining balance in an account or any distributed amount upon the death of the designated beneficiary for medical assistance received. The bill also repeals the original section 77-1403, Revised Statutes Cumulative Supplement, 2024, and mandates that the State Treasurer notify account owners and beneficiaries of potential tax consequences before transferring or distributing funds.

Nebraska LB1240 amends the achieving a better life experience program to prevent state recovery of certain account balances.

Nebraska LB1240 modifies the achieving a better life experience program by prohibiting the state from recovering any remaining balance in an account or any distributed amount upon the death of the designated beneficiary for medical assistance received. The bill also repeals the original section 77-1403, Revised Statutes Cumulative Supplement, 2024, and mandates that the State Treasurer notify account owners and beneficiaries of potential tax consequences before transferring or distributing funds.