Louisiana Administrative Code
Title 28 - EDUCATION
Part VI - Student Financial Assistance-Higher Education Savings
Chapter 5 - Achieving a Better Life Experience (ABLE)
Section VI-501 - General Provisions
Universal Citation: LA Admin Code VI-501
Current through Register Vol. 50, No. 9, September 20, 2024
A. The Louisiana Achieving a Better Life Experience (ABLE) Account Program was enacted in 2014 to provide a program of savings to encourage and assist individuals and families in saving private funds for the purpose of supporting persons with disabilities in endeavors to maintain health, independence, and quality of life. The purposes of the program include all of the following:
1. to pay qualified disability expenses so
that persons with disabilities may maintain health, independence, and quality
of life;
2. to provide secure
funding for disability-related expenses on behalf of designated beneficiaries
that will supplement, but not supplant, benefits provided through private
insurance, the medical assistance program administered by this state in
accordance with title XIX of the Social Security Act, the Supplemental Security
Income Program under title XVI of such Act, the beneficiary's employment, and
other sources;
3. to comply fully
with all provisions of the Stephen Beck, Jr, ABLE Act of 2014 (Public Law
113-295, Division B), and all regulations issued
pursuant thereto.
AUTHORITY NOTE: Promulgated in accordance with R.S. 17:3081-3089.
Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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