Status: Signed into law - program in development
State Account Limit: $399,999
Annual Contribution Limit: $15,000
ABLE To Work Act Contribution: $12,140
Medicaid Payback Waived: Yes. Yes, subject to federal and state probate laws.
LD 1421 (HP 967) is a law directing the Treasurer of State to study the most effective options for Maine residents to participate in tax-advantaged savings accounts for persons with disabilities. It passed the House on 2/18/16 and the Senate on 2/23/16. It became law without the Governor’s signature on 3/6/16.
Program at a Glance
- Fee Range