Center for Medicare and Medicaid Services ABLE Guidance
The Center for Medicare and Medicaid Services (CMS) has released guidance to State Medicaid Directors regarding the “Implications of the ABLE Act for State Medicaid Programs”.
The contents of the letter are divided into the following topics:
- Treatment of Funds in an ABLE Account
- Contributions to ABLE Accounts
- Distributions from ABLE Accounts
- Post-Eligibility Treatment of Income
- Transfer of ABLE Funds to State Estate Recovery