Texas Administrative Code
Title 1 - ADMINISTRATION
Part 15 - TEXAS HEALTH AND HUMAN SERVICES COMMISSION
Chapter 358 - MEDICAID ELIGIBILITY FOR THE ELDERLY AND PEOPLE WITH DISABILITIES
Subchapter C - FINANCIAL REQUIREMENTS
Division 2 - RESOURCES
Section 358.357 - Achieving a Better Life Experience Program
Universal Citation: 1 TX Admin Code ยง 358.357
Current through Reg. 49, No. 38; September 20, 2024
(a) The following words and terms, when used in this section, have the following meanings, unless the context clearly indicates otherwise:
(1) Achieving a Better
Life Experience (ABLE) program--
(A) the ABLE
program authorized under Chapter 54, Subchapter J, of the Texas Education Code;
or
(B) an ABLE program of any
state that meets the requirements of §529A of the Internal Revenue Code of
1986.
(2) ABLE
account--an account established under an ABLE program.
(3) Designated beneficiary--an individual who
is named as the beneficiary of an ABLE account established under an ABLE
program.
(b) The Texas Health and Human Services Commission excludes from the calculation of countable resources funds used to establish an ABLE account and funds held in an ABLE account.
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