CA AB2216

Authorizes a change in designated beneficiary of an ABLE account to take effect upon the death of the designated beneficiary, subject to federal ABLE Act provisions.

Defines "CalABLE account" as an ABLE account established within and administered by the California ABLE Act Board.

Removes the requirement for the board to notify designated beneficiaries of tax consequences when transferring funds between ABLE accounts.

Limits Medi-Cal estate recovery prohibitions to CalABLE accounts established on or after January 1, 2023, while allowing recovery for ABLE accounts established before that date.

Adjusts aggregate contribution limits to ABLE accounts by referencing federal Internal Revenue Code provisions, including provisions for designated beneficiaries who contribute from their own compensation.