Sec. 8. As used in this chapter, “qualified disability expense” means any expenses related to the eligible individual‘s blindness or disability that are incurred for the benefit of an eligible individual who is the designated beneficiary, including the following expenses:

(1) Education.

Terms Used In Indiana Code 12-11-14-8

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • eligible individual: means an individual who during a taxable year:

    Indiana Code 12-11-14-6

  • Oversight: Committee review of the activities of a Federal agency or program.
  • qualified ABLE program: refers to the achieving a better life experience (ABLE) program established under this chapter under which a person may make contributions for a taxable year for the benefit of an eligible individual to an ABLE account to meet the qualified disability expenses of the designated beneficiary in compliance with Section 529A of the Internal Revenue Code. See Indiana Code 12-11-14-7
(2) Housing.

(3) Transportation.

(4) Employment training and support.

(5) Assistive technology and personal support services.

(6) Health.

(7) Prevention and wellness.

(8) Management and administration.

(9) Legal fees.

(10) Oversight and monitoring.

(11) Funeral and burial.

(12) Other expenses approved by the federal government for a qualified ABLE program.

As added by P.L.12-2016, SEC.8.

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