OH SB296

Amends section 113.53 of the Revised Code to exempt funds in an Ohio ABLE account from collection under the Medicaid Estate Recovery Program, unless required by federal law.

Money in an ABLE account remains exempt from attachment, execution, or garnishment as provided in section 2329.66 of the Revised Code.

Exemption applies in accordance with subsection (f) of section 529A of the Internal Revenue Code and subject to any limitations imposed by the secretary.

Disregards ABLE account amounts, contributions, and distributions for qualified disability expenses when determining eligibility for state, local, or state and local funded means-tested public assistance programs.

Exemption applies to the designated beneficiary of the account and individuals whose means-tested program eligibility is conditioned on the beneficiary's income and resource disclosure.