Maine

Program Name: N/A
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.
ABLE Legislation:

Resolve, 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


Additional Information:

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
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