By Attorney Elena A. Lidrbauch
Ever since the Achieving a Better Life Experience (ABLE) Act was signed into federal law on December 19, 2014, individual states have been jumping to get on board with the ABLE Act. 39 states have either introduced or enacted a state version of the ABLE program. We may now add to that list our own state of Ohio. On Wednesday April 15, 2015, Ohio legislators introduced HB 155 and SB 147, the Disability Expense Savings Account bill, also known as the Ohio ABLE Act.
Why is there such an interest in ABLE accounts?