ABLE Tomorrow Act
Sen. Moran and Bipartisan Group Introduce Bill to Protect Disability Savings From Medicaid Clawbacks
The ABLE Tomorrow Act is currently in the early stages of the legislative process. It was recently introduced in the Senate and sent to the Committee on Finance for review. The bill is actively moving forward as it waits for the committee to discuss it.
Legislative Progress
The bill has strong support from both Republicans and Democrats, which is rare. However, it deals with complex tax and Medicaid rules that often take a long time to move through committees.
Key Points
Impact Analysis
Personal Impact
Life & Work
Children receiving special education services under IDEA, as well as those in Head Start and Early Head Start programs, would have their families informed about ABLE accounts. This early notification helps families begin saving for disability-related expenses long before a child reaches adulthood.
Programs
Disabilities
Milestones
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
3 articlesABLE Tomorrow Act: Expanding Savings for People with Disabilities
The ABLE Tomorrow Act aims to eliminate the Medicaid clawback provision, allowing families to retain funds in ABLE accounts after a beneficiary's death. It also enables employer contributions and larger one-time deposits from sources like life insurance or trust funds.
ABLE Accounts To See Major Expansion In 2026
As the eligibility age for ABLE accounts rises to 46 in 2026, new legislative efforts like the ABLE Tomorrow Act seek to further enhance the program. Proposed changes include ending Medicaid estate recovery and allowing for higher contribution limits from various financial sources.
Bipartisan ABLE Tomorrow Act Gains Momentum
The ABLE Tomorrow Act focuses on removing the 'Medicaid clawback' and fostering inclusive workplace benefits by allowing employer matches to ABLE accounts. The bill is seen as a critical step in helping disabled Americans build long-term financial security without losing essential benefits.
Source Information
Document Type
Congressional Bill
Official Title
ABLE Tomorrow Act
Data Sources
Sponsor
Cosponsors
(3)Analysis generated by AI. Always verify with official sources.