Department of Social Services
Family Support Division
PO Box 2320
Jefferson City, Missouri
TO: ALL FAMILY SUPPORT OFFICES
FROM: KIM EVANS, DIRECTOR
SUBJECT: SECTION 529 PLANS, OR “MOST” ACCOUNTS, ADDED TO DECEMBER 1973 ELIGIBILITY REQUIREMENTS AND FAMILY MO HEALTHNET (MAGI) MANUAL
Section 529 plans, known as MOST accounts in Missouri, are a type of investment account used to save for or provide for education expenses.
- The income and resource treatment of Section 529 plans for MO HealthNet for the Aged, Blind, and Disabled programs
- Treatment of MOST accounts awarded to participants of the Missouri Vaccine Incentive Program (MO VIP)
- Treatment of funds transferred from a MOST account to an Achieving a Better Life Experience (ABLE) account
Section 1805.030.20.10 Income Excluded Under MAGI is updated to note distributions from Section 529 plans, or MOST accounts, are an excluded income type when the distributions are used for qualified education expenses.
- Review this memorandum with appropriate staff.