Skip to main content

Saving Money, Keeping Benefits

Mar 01, 2015 11:49AM, Published by Wendy Sipple, Categories: News




Last December, President Obama signed into law the Achieving a Better Life Experience Act, aka the ABLE Act. This ground-breaking but somewhat limited new law allows people who have a disability that occurred before the age of 26 to open a tax-free savings account to pay for education, housing, transportation, training, health, personal support services, etc. Families may deposit as much as $14,000 annually; beneficiaries can save up to $100,000 before impacting their SSI benefits; Medicaid eligibility will continue no matter how much money is saved. These accounts will be available later this year.


Article by The Hub SoCal © The Hub SoCal Magazine published by Style Media Group.

Article appears in the Premiere 2015 Issue of The Hub So Cal Magazine.


Achieving a Better Life Experience Act Tax-Free Savings Account The ABLE Act


It looks like we don't have any events for this date. You can always add an event.

It looks like we don't have any events for this date. You can always add an event.

It looks like we don't have any events for this date. You can always add an event.

It looks like we don't have any events for this date. You can always add an event.

It looks like we don't have any events for this date. You can always add an event.

It looks like we don't have any events for this date. You can always add an event.

It looks like we don't have any events for this date. You can always add an event.

It looks like we don't have any events right now. You can always add an event.

The NEW issue is HERE!