ABLE accounts are now allowing people with disabilities to save money without jeopardizing their government benefits. These accounts make it possible for people to maintain their status for Social Security and other government benefits while saving money for individual expenses. Ohio is the first state to offer these accounts after the 2014 ABLE Act. In Ohio, you can establish your account through a website and deposit up to $14,000 per year. Other states will begin to follow as they pass their own legislation, making their programs unique.
See Michelle Diament, ABLE Accounts Make Debut, Disability Scoop, June 2, 2016.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
