Ohio SB128 amends the Ohio Revised Code to establish and regulate the Ohio ABLE savings program for individuals with disabilities.

Ohio SB128 amends the Ohio Revised Code to establish the Ohio ABLE savings program, which allows individuals with disabilities to save money without jeopardizing their eligibility for means-tested public assistance programs. The bill tasks the treasurer of state with implementing and administering the program, including developing marketing plans, establishing procedures for disbursing funds, and collecting administrative fees. Contributions to ABLE accounts must be made in cash and cannot exceed federal limits.

Ohio SB128 amends the Ohio Revised Code to establish and regulate the Ohio ABLE savings program for individuals with disabilities.

Ohio SB128 amends the Ohio Revised Code to establish the Ohio ABLE savings program, which allows individuals with disabilities to save money without jeopardizing their eligibility for means-tested public assistance programs. The bill tasks the treasurer of state with implementing and administering the program, including developing marketing plans, establishing procedures for disbursing funds, and collecting administrative fees. Contributions to ABLE accounts must be made in cash and cannot exceed federal limits.