LINCOLN, Neb. (AP) — A bill that may allow adults with intellectual disabilities to place as much as $100,000 into special saving accounts is being considered in Nebraska.
Bank account savings for most intellectually disabled adults are not allowed to exceed $2,000 because of the benefits they receive from the government, including health coverage through Medicaid. The bill would allow up to $100,000 in savings to use for qualified expenses without counting against the $2,000 limit.
The Achieving a Better Life Experience, or ABLE, Act was passed by Congress last year, allowing states to set up their own ABLE account system so that family members of adults with intellectual disabilities could deposit up to $14,000 in funds.
The Nebraska bill advanced from a legislative committee last month, and is likely to be debated this year.