Rhode Island S2091 exempts individual retirement accounts from being counted as resources for public assistance and protects ABLE accounts from state.

Rhode Island S2091 amends the Public Assistance Act to exempt individual retirement accounts as a countable resource for public assistance eligibility. The bill also prohibits the state from acting as a creditor against an ABLE account in the event of the beneficiary's death. This legislation aims to provide financial stability for individuals receiving public assistance and protect savings designated for disability-related expenses.

Rhode Island S2091 exempts individual retirement accounts from being counted as resources for public assistance and protects ABLE accounts from state.

Rhode Island S2091 amends the Public Assistance Act to exempt individual retirement accounts as a countable resource for public assistance eligibility. The bill also prohibits the state from acting as a creditor against an ABLE account in the event of the beneficiary's death. This legislation aims to provide financial stability for individuals receiving public assistance and protect savings designated for disability-related expenses.