Exempt Ohio ABLE account funds from Medicaid Estate Recovery

HB 634 amends Ohio law to ensure that funds held in Ohio ABLE accounts are not subject to Medicaid estate recovery claims after the account holder passes away. This change directly affects individuals with disabilities who use these accounts to save money for qualified disability expenses without fearing that their remaining assets will be taken to pay for past Medicaid costs. The bill also clarifies that money in these accounts is exempt from garnishment, protects the funds from being used as loan collateral, and ensures they are disregarded when calculating eligibility for other state-funded public assistance programs. By updating existing statutes, the legislation provides additional financial security for people with disabilities and their families while maintaining the current structure for opening and managing ABLE accounts.