This bill:
1. Prohibits the State, or any agency or instrumentality of the State, from seeking payment from an ABLE account or its proceeds for MaineCare benefits provided to a beneficiary, unless otherwise required by federal law;
2. Provides that funds held in an ABLE account must be disregarded when determining the designated beneficiary’s eligibility for any means-tested public assistance program; and
3. Provides that earnings on funds held in an ABLE account are exempt from taxation by the State.