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RI H7687
Bill
Status
2/11/2026
Primary Sponsor
David Bennett
Click for details
AI Summary
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Individual retirement accounts (IRAs) would be added to the list of exempt resources that do not disqualify individuals from receiving general public assistance in Rhode Island
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Currently exempt resources include: an occupied home, one motor vehicle with equity up to $4,650, cash/liquid assets up to $400, tools of the trade up to $1,000, and household furnishings
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The state would be prohibited from acting as a creditor against ABLE (Achieving a Better Life Experience) accounts upon the death of a designated beneficiary
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ABLE accounts are tax-advantaged savings accounts for individuals with disabilities; this change removes the state's current ability to recover Medicaid costs from these accounts after death
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The act would take effect immediately upon passage
Legislative Description
Exempts individual retirement accounts as a countable resource for public assistance. This act also prohibits the state as a creditor against an ABLE account in the event of death of a beneficiary.
Human Services
Last Action
Introduced, referred to House Finance
2/11/2026