It has been more than a year and a half since legislation was passed that should make it easier for people with disabilities to save money without jeopardizing their federal benefits. The first ABLE accounts are expected to become available this summer as a handful of states open up their ABLE programs. The State of Nebraska was the first to announce a launch date of June 30, but Ohio could also offer ABLE accounts even sooner. “The new offering was created by the federal Achieving a Better Life Ex perience, or ABLE, Act, which became law in 2014.” The programs will be different in each state and it is important for people to be aware of the local rules and regulations. If done right this program can be very beneficial for people who are disabled.
See Michelle Diament, First ABLE Accounts Expected This Summer, disability scoop, May 10, 2016.
Special thanks to Jim Hillhouse for bringing this article to my attention.
