Bill Watch: SB 642 and HB 935

THE DEMOCRATIC DISABILITY CAUCUS OF FLORIDA SUPPORTS SB 642 & HB 935

“Florida Achieving a Better Life Experience (ABLE) Act”

_    Creates the Florida Achieving a Better Life Experience (ABLE) program, which would assist individuals with disabilities in saving money without losing their eligibility for state and federal benefits.

–    Provides a pathway for economic independence and a better quality of life.

–    ABLE accounts resemble the federal 529 – college saving plans (tax advantaged savings accounts).

–    Program was created by the Federal ABLE Act of 2014.

–    The Florida ABLE program would facilitate the ability of individuals with disabilities to work and live independently without losing access to Medicaid & SSI.

–    Linked to SB644/HB937 and SB646/HB939, which establishes records keeping and administrative infrastructure.

Attached is the ARC Overview

http://www.thearc.org/document.doc?id=5008

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