Multiple ABLE Bills Introduced

U.S. Senators Jerry Moran (R-Kan.) and Chris Van Hollen (D-Md.) this week introduced three pieces of bipartisan legislation to strengthen and improve access to the Achieving a Better Life Experience (ABLE) program: the ABLE Tomorrow Act, the ABLE Match Act and the ABLE Direct Deposit Act.

The ABLE Tomorrow Act would eliminate the Medicaid clawback, create certain exceptions to the annual contribution limit and allow employers to contribute to ABLE accounts in lieu of defined contribution plans without jeopardizing benefit eligibility. 

The ABLE Match Act would create a new federal program that matches contributions made to an ABLE account of up to $2,000 per year and authorizes $5 million annually through 2030.

The ABLE Direct Deposit Act would reaffirm that direct deposits from employer and government program contributions can be made to ABLE accounts.