The bill aims to enhance the financial stability of individuals under the care of the Department of Children, Youth, and Families in Washington State. It introduces a new section to chapter 43.216 RCW, which prohibits the department from using any benefits or funds received on behalf of these individuals as reimbursement for care costs starting January 1, 2026. The department is required to assess the eligibility of these individuals for supplemental security income and disability benefits, apply for these benefits on their behalf, and maintain their eligibility. Additionally, the bill mandates the development of financial literacy training for youth exiting care, focusing on public benefits management.

Amendments to RCW 74.13.060 include the removal of provisions that allowed the department to apply benefits received against public assistance amounts. Instead, the bill emphasizes conserving funds in savings or investment accounts for the individuals in care. It also raises the threshold for depositing funds into savings accounts from $500 to $2,000 and allows for the establishment of various types of accounts to manage these funds effectively. Overall, the bill seeks to ensure that individuals in care can retain their benefits and manage their finances more effectively as they transition to independence.

Statutes affected:
Original Bill: 74.13.060