Category: ABLE Accounts
NATIONAL ABLE RESOURCE CENTER: Members of Congress Re-Introduce ABLE Improvement Bills
By SD Network, 2017-04-12
Earlier this month, a bi-partisan group of Members of Congress introduced a group of individual bills that would better the benefits provided through the ABLE Act. The group of bills consists of the following three pieces of proposed legislation:
- The ABLE Age Adjustment Act (S. 817/HR 1874) would raise the age limit for ABLE accounts to age 46.
- The ABLE Financial Planning Act (S. 816/HR 1897) would allow families to rollover savings in a 529 college savings plan into an ABLE account.
- The ABLE to Work Act (S. 818/HR 1896) would allow individuals and their families to save more money in an ABLE account if the beneficiary works and earns income.
ABLE NATIONAL RESOURCE CENTER: Nevada, North Carolina, and Kansas Launch ABLE Programs
By SD Network, 2017-02-02
Nevada, North Carolina, and Kansas recently launched programs for ABLE accounts (accounts that allow people with disabilities to have a savings account without jeopardizing their benefits). Nevada's program is called "ABLE Nevada," North Carolina's program is called "NC ABLE," and the Kansas program is called "Kansas ABLE." Accounts can be used for disability-related expenses that will increase and/or maintain a person's health, independence, or quality of life. All three programs are open to residents nationwide.
ABLE NATIONAL RESOURCE CENTER: Illinois, Iowa, and Minnesota Launch ABLE Programs
By SD Network, 2017-02-02
Illinois, Iowa, and Minnesota recently launched programs for ABLE accounts (accounts that allow people with disabilities to have a savings account without jeopardizing their benefits). Iowa's program is called "IAble," Minnesota's is called "Minnesota ABLE Plan," and it's known as "Illinois ABLE" in Illinois. Accounts can be used for disability-related expenses that will increase and/or maintain a person's health, independence, or quality of life. All three programs are open to residents nationwide.
ABLE NATIONAL RESOURCE CENTER: New USDA Regulation Confirms ABLE Funds Protection
By SD Network, 2017-02-01
Recently, the Food and Nutrition Service published a final rule regarding various aspects related to, among other things, eligibility for Supplemental Nutrition Assistance Program (SNAP) benefits. SNAP offers nutrition assistance to millions of eligible, low-income individuals and families (including those with disabilities) and provides economic benefits to communities. Since SNAP is federally funded, this rule confirms that ABLE funds won't compromise eligible people from accessing benefits under the SNAP program.
ABLE NATIONAL RESOURCE CENTER: ABLE National Resource Center Publishes Accomplishments and Outcomes Report
By SD Network, 2017-01-12
The ABLE National Resource Center recently released an Accomplishments and Outcomes Report. We're nearing the second anniversary of the signing of the ABLE Act which allows people with disabilities to setup tax-free saving accounts for disability related expenses. These accounts won't jeopardize their government benefits. The report includes lots of interesting data and success stories.
Virginia recently launched its program for ABLE accounts (accounts that allow people with disabilities to have a savings account without jeopardizing their benefits). In Virginia, the program is known as "ABLEnow." Accounts can be used for disability-related expenses that will increase and/or maintain a person's health, independence, or quality of life. These accounts are open to both residents in Virginia as well as across the country.
Kentucky recently launched its program for ABLE accounts (accounts that allow people with disabilities to have a savings account without jeopardizing their benefits). In Kentucky, the program is known as "STABLE Kentucky." Accounts can be used for disability-related expenses that will increase and/or maintain a person's health, independence, or quality of life. These accounts are available to Kentucky residents only.
Oregon recently launched its program for ABLE accounts (accounts that allow people with disabilities to have a savings account without jeopardizing their benefits). In Oregon, the programs are known as "Oregon ABLE Savings Plan" (which is specifically for Oregon residents) and "ABLE for ALL Savings Plan" (which is available to people who qualify nationwide). Accounts can be used for disability-related expenses that will increase and/or maintain a person's health, independence, or quality of life.
Michigan recently launched its program for ABLE accounts (accounts that allow people with disabilities to have a savings account without jeopardizing their benefits). In Michigan, the program is known as "MiABLE." Accounts can be used for disability-related expenses that will increase and/or maintain a person's health, independence, or quality of life. These accounts are open to both residents in Michigan as well as across the country.
Florida launched its program for ABLE accounts (accounts that allow people with disabilities to have a savings account without jeopardizing their benefits). In Florida, the program is known as "United ABLE." Accounts can be used for disability-related expenses that will increase and/or maintain a person's health, independence, or quality of life. United ABLE is only available to Florida residents.