Tax-preferred Pension plans, Retirement and Education accounts, and ABLE accounts are exempt from consideration as an asset. Successor retirement accounts that are exempt from federal tax are also exempt.
Following is a list of the exempt pension/retirement accounts and a brief description.
* Already exempt from the SNAP asset test prior to 10/01/08
** Keogh plans that involve a contractual obligation with someone who is not a household member were already exempt from the fooSNAP asset test prior to 10/01/08.
The following educational accounts are also excluded:
Tax exempt savings accounts established to provide secure funding for disability-related expenses for designated beneficiaries found disabled before age 26.
Illinois Department of Human ServicesJB Pritzker, Governor · Grace B. Hou, Secretary
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