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OH HB193
Bill
Status
3/24/2025
Primary Sponsor
Tim Barhorst
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AI Summary
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Requires the Ohio Treasurer of State to pay all monthly maintenance fees for ABLE (Achieving a Better Life Experience) account holders on behalf of account owners and beneficiaries with disabilities
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Appropriates $900,000 per fiscal year (FY 2026 and FY 2027) from the Dedicated Purpose Fund Group to subsidize STABLE account maintenance fees
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Exempts ABLE account funds from Medicaid estate recovery claims unless required by federal law, removing previous restrictions that tied this protection to federal Internal Revenue Code limitations
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Allows the STABLE Account Program Advisory Board to conduct meetings via interactive video conference or teleconference, with members permitted to participate remotely while still counting toward quorum and voting
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Classifies all ABLE account information obtained by the Treasurer of State as confidential and exempt from public records disclosure under Ohio law
Legislative Description
Regards Ohio ABLE accounts
Finance and Appropriations
Last Action
Referred to committee: Public Insurance and Pensions
3/26/2025