Louisiana Administrative Code
Title 28 - EDUCATION
Part VI - Student Financial Assistance-Higher Education Savings
Chapter 5 - Achieving a Better Life Experience (ABLE)
Section VI-515 - Effect on Federal and State Assistance Programs
Universal Citation: LA Admin Code VI-515
Current through Register Vol. 50, No. 9, September 20, 2024
A. For the purpose of determining eligibility to receive, or the amount of, any assistance or benefit which may be received by the ABLE account owner by a means-tested federal assistance program, the following amounts shall be disregarded with respect to any period during which the beneficiary maintains his status as an eligible individual:
1. any amount, including earnings thereon, up
to $100,000;
2. any contributions
to the ABLE account of the eligible Individual;
3. any distributions from the account of the
eligible individual, provided that such distributions are made for the purchase
or payment of QDEs, subject to determination by the Social Security
Administration that such distributions do not exceed allowable assets/income
for a given period.
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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