Hi Jim... I've been a member here a long time and I check in on Quad List messages from time to time, though I rarely have much to offer when I see a question that seems like it's been fully answered once I see it. I'm seeing fewer and fewer posts and/or new members. Do you know if people are "meeting" or communicating on a different forum or some other list? I've been meaning to ask for a while now but I'm just getting more curious since I sometimes see a few days between messages.
Thanks! Tod Santee On Tue, Jan 10, 2023, 11:58 PM Jim Lubin <jlu...@makoa.org> wrote: > What happens to the ABLE account after the death of the account owner?click > for more information > When the account owner passes away, the funds in the ABLE account can be > used for any outstanding qualified disability expenses, including funeral > and burial expenses. The ABLE plan can advise you on what is needed such as > a death certificate or whether there is a special form to complete. It is > up to the individual state, whether or not to file a claim for Medicaid > recovery of funds which were paid on behalf of the account owner since the > account was opened. If someone has never received Medicaid, this is not an > issue. If the state pursues a claim, In addition to allowing for the > repayment of outstanding QDEs, including funeral and burial expenses, > Medicaid buy-in premiums paid since opening the ABLE account will be > reimbursed. Thereafter, the remainder of funds are payable to the Estate. > https://www.ablenrc.org/frequently-asked-questions/ > > > On Tue, Jan 10, 2023 at 7:48 AM SHIRLEY BELL <sbell...@cox.net> wrote: > >> My question that I can't find the answer to, is if you have an able >> account and die doe the state get your money? Thanks Jim >> >> On January 10, 2023 at 10:34 AM Jim Lubin <jlu...@makoa.org> wrote: >> >> Age Limit — Eligibility is currently limited to people who developed >> their disability before age 26; anyone who becomes disabled later in life >> does not qualify. Fortunately, in late 2022, Congress signed off on >> adjusting this age limitation beginning in 2026. At that time, individuals >> who became disabled before age 46 (rather than age 26) will be eligible to >> open an ABLE account. >> https://specialneedsanswers.com/an-introduction-to-able-accounts-17586 >> >> >> >> >
