Sec. 06.65.300. Deposit from permanent fund dividend.
A person who is eligible under AS 43.23 to receive a permanent fund dividend may make a deposit into the program account of a designated beneficiary from and up to the amount of the person’s permanent fund dividend.
Sec. 06.65.150. Program account establishment fee.
The financial contractor may charge an eligible individual a nonrefundable fee for establishing a program account. The department shall establish the amount of the fee by contract with the financial contractor or by regulation.
Sec. 06.65.310. Program expense fund.
(a) The program expense fund is established as a separate fund of the state in the general fund. (b) The program expense fund consists of money appropriated to the fund to pay the expenses of the program. (c) The department shall pay the expenses incurred by the department to implement and administer the program from […]
Sec. 06.65.160. Program account contributions.
(a) As provided by the federal authorizing law, a person may make a contribution to a program account for the designated beneficiary. A person may also make a contribution to a program account under AS 14.40.802(f)(3). (b) A person may not make a contribution to open or add to a program account unless the person […]
Sec. 06.65.320. Medicaid claims.
This state or another state may file a claim against the amount remaining in the program account of a deceased designated beneficiary to recover medical assistance payments if the payments were made for the designated beneficiary, were made under that state’s Medicaid program authorized by 42 U.S.C. 1396 – 1396p (Title XIX, Social Security Act), […]
Sec. 06.65.170. Limited investment direction.
A designated beneficiary or the designated beneficiary’s representative may not, directly or indirectly, direct the investment of a program account, including the earnings on the program account, more than twice in one calendar year.
Sec. 06.65.180. Change of designated beneficiary.
A designated beneficiary or the designated beneficiary’s representative may change the designated beneficiary of a program account to an eligible individual who is a member of the family of the previous designated beneficiary.
Sec. 06.65.190. Distributions for qualified expenses.
Except as allowed under AS 06.65.200, a designated beneficiary or the representative of the designated beneficiary may not make a withdrawal or other distribution from a program account unless the withdrawal or other distribution is used to pay for the qualified expenses of the designated beneficiary.
Sec. 06.65.200. Rollover distribution.
(a) Subject to the restrictions in the federal authorizing law for rollover distributions, a designated beneficiary or the designated beneficiary’s representative may make a distribution of the money in a program account to another (1) program account if the designated beneficiary of the program account to which the distribution is being made is (A) the […]
Sec. 06.65.210. Statements.
(a) A financial contractor shall provide program account statements to the designated beneficiary or the designated beneficiary’s representative of each program account established with the financial contractor at least four times each year and at the times the department establishes. (b) A financial contractor shall provide the department with the reports and information that the […]