New federal regulations for ABLE Plans take effect in Kansas on July 1

County Wide NewsAugust 12, 2022<August 12, 2022

New federal regulations for ABLE Plans take effect in Kansas on July 1

by

Hillsboro Free Press

TOPEKA – More Kansas living with a disability will soon be able to use an improved tool to earn and save money without losing critical benefits. The statutory change per HB 2490 went into effect on July 1. With this change, the State of Kansas Treasurer’s Office will implement requirements under the final federal regulations from 2020 for the Achieving a Better Life Experience Act (ABLE).

HB 2490 removed conflicts between the Kansas ABLE statute and the 2020 federal regulations which will allow the state to operate the ABLE program consistent with the federal regulations.

The federal regulation that will now be implemented in Kansas expanded the group of people who can open [...]

Read article at hillsborofreepress.com

Article Taxonomies

Categories: Terms: , , , , , , ,