Assembly Bill 253 proposes the creation of a new statute, 49.472 (3m), which establishes independence accounts for individuals receiving Medical Assistance benefits under the Medical Assistance purchase plan. The bill mandates that the Department of Health Services (DHS) allow individuals to deposit up to $15,000 of their gross earnings into these accounts over a 12-month period. Additionally, it stipulates that assets acquired by inheritance will not be considered when determining an individual's financial eligibility for Medical Assistance benefits.

The bill aims to enhance the financial independence of individuals with disabilities who are working or wish to work while maintaining their eligibility for Medical Assistance. Currently, assets in independence accounts are excluded from the $15,000 asset limit for eligibility under the Medical Assistance purchase plan. The bill also includes a provision requiring DHS to seek federal approval if necessary to implement these changes, ensuring compliance with federal Medicaid laws.