Maryland Achieving a Better Life Experience (ABLE) Program-Modification›

2018 continues to be an exciting year for the Maryland ABLE program! On Wednesday, May 8, 2018, Governor Hogan signed HB 782/SB550 “Maryland Achieving a Better Life Experience (ABLE) Program-Modification.” This bill added features to the Maryland ABLE program that were important to Marylander’s who were interested in opening ABLE accounts. All provisions of this bill become effective on June 1, 2018.Changes to the Medicaid Claw Back ProvisionOf primary importance to people who were interested in opening ABLE accounts was an amendment to the original Maryland ABLE Act’s Medicaid Claw back clause. The bill authorizes, unless prohibited by federal law, the assets in an ABLE account to be transferred, upon the death of a designated beneficiary, to the estate or ABLE account for an ...

Maryland Launches ABLE Program for People with Disabilities›

MARYLAND ABLE OPENS FOR ENROLLMENTBaltimore, MD (November 28, 2017) — Marylanders with disabilities now have a new way to save for the future. Maryland 529 is pleased to announce the launch of Maryland ABLE, an innovative and landmark investment program that offers individuals with disabilities the opportunity to save money without jeopardizing access to federal and state means-tested benefits. The Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014 (“ABLE”) is a federal law which allows states to establish and maintain these accounts. The Maryland ABLE Act was signed into law by Governor Larry Hogan on April 12, 2016.Established in partnership with the State of Oregon and Sumday Administration, LLC, Maryland ABLE is now accepting online enrollment to its diverse financial ...