Senator John Eklund speaks during press conference about the importance of lifting financial strains on the disabled by removing outdated disincentives to saving for disabled Ohioans
COLUMBUS - 

COLUMBUS— State Senator John Eklund (R-Munson Township) joined State Senator Shannon Jones (R-Springboro) today to introduce legislation aimed at lifting some of the financial burdens carried by Ohioans living with disabilities. 

The bill allows eligible disabled individuals and their families to establish ABLE (Achieving a Better Life Experience) savings accounts. Similar to 529 education savings plans, these tax-advantaged accounts would provide the opportunity to save for disability-related expenses without losing eligibility for public benefits. 

"It’s high time we helped remove outdated disincentives to saving for our fellow Ohioans with disabilities.  Encouraging them and their loved ones to put money away for school, transportation, wellness and other needs will not just help improve their quality of life – it will strengthen our economy as a whole," said Eklund.

Currently, disabled individuals are unable to report more than $2,000 in cash savings, retirement funds and other assets if they are to remain eligible for a wide range of public benefits, including Medicaid and Supplemental Security Income (SSI). This monetary cap limits the ability of many individuals to pay for disability-related expenses such as transportation, employment training, legal fees, education and assistive technology. 

"Disabled Ohioans and their families should not have to choose between paying for disability-related expenses and receiving healthcare, food and housing assistance that they need to live healthy lives," said Jones. "This legislation returns financial control and autonomy to people living with disabilities."

The bill will harmonize Ohio law with federal legislation that was signed last December. Seven states have already enacted similar legislation, and ABLE is awaiting passage or signature in 28 additional states.

The bill will now be assigned to a committee where it will receive further consideration. 

 
 
 
  
Featured Posts

Eklund Upholds Justice System And Strengthens Defendants' Rights

 

“It’s important to have clarity and certainty in the procedures of our criminal justice system,” stated Eklund.  “Without it, prosecutors' jobs are more difficult, defendants risk losing rights, and public confidence in the system suffers.”



 
 

MEDIA ADVISORY: Eklund Attends National Public Safety Summit In Washington D.C.

 

“The time has come for public safety and corrections policy to be driven more by data analysis than by guesswork and suppositions,” said Senator Eklund. “Part of that analysis must factor in the very real impacts that behavioral health issues and the current drug crisis are having on the system."



 
 

A Day To Honor Our Military Men And Women

 

Our veterans come from all backgrounds, regions and walks of life. Some have even made the ultimate sacrifice on the battlefield. But they all have one thing in common: courage.



 
 

Honoring The Families Of Ohio's Military Personnel: August Is Ohio Military Family Month

 

Every day, our great nation is protected by thousands of dedicated men and women in uniform. Our military members make countless sacrifices so those of us here at home can live safely and freely.