Section 38-14-10 Eligibility for Means-Tested Public Benefits.
96 words·~1 min read·
/al/title-38-public-welfare/chapter-14-individual-development-account-program/38-14-10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)An account owner’s savings and matching funds shall not affect his or her eligibility for any means-tested public benefits, including, but not limited to, Medicaid, state children’s health insurance programs, TANF, Supplemental Nutrition Assistance Program, supplemental security income, or government-subsidized foster care and adoption payments, and child care or housing payments.
(b)Funds deposited in individual development accounts shall not be counted as income, assets, or resources of the account owner for the purpose of determining financial eligibility for assistance or service pursuant to any federal, federally assisted, state, or municipal program based on need.