La. Admin. Code tit. 28 § VI-515

Current through Register Vol. 50, No. 11, November 20, 2024

Section VI-515 - Effect on Federal and State Assistance Programs

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.

La. Admin. Code tit. 28, § VI-515

Promulgated by the Tuition Trust Authority, Office of Student Financial Assistance, LR 43642 (4/1/2017).

AUTHORITY NOTE: Promulgated in accordance with R.S. 17:3081-3089.