ABLE Accounts and Special Needs Trusts Can Be a Winning Combination

This article was written by The Special Needs Alliance (SNA). The Special Needs Alliance is a national organization comprised of attorneys committed to helping individuals with disabilities, their families and the professionals who serve them. Learn more about the SNA: www.specialneedsalliance.org.  ABLE accounts and special needs trusts (SNTs) are both financial tools for managing funds without affecting an individual’s eligibility for such means-tested programs as Medicaid and Supplemental Security Income (SSI). But that’s pretty much […]

ABLE Accounts 2019: Top Questions

What are the ABLE savings limits for 2019? ABLE accounts are protected savings opportunities for people who have a significant disability with an onset prior to age 26. For 2019, friends and family can contribute up to $15,000 directly into an ABLE account. ABLE account owners who work, and do not have an employer- sponsored retirement account, may save up to $12,140 in additional savings from their earnings. Can I save income within ABLE to […]

Assisted Living Options for People With Disabilities

Seniors and people with disabilities often need supportive living options. When the time comes to start considering your options for assisted living, it’s easy to become overwhelmed by the sheer number of housing options. Not only are there different categories of assisted living to choose from, there are also a plethora of homes from which to choose. The right choice depends on a number of factors, including support needs, expense, and personal preference. Once a […]

Financial Planning for Special Needs Families

Author: Kimberly Goodwin, PhD More American families are grappling with the high cost of raising children and the increasing cost of college education. Families who have a child with special needs, however, face a unique set of expenses. The additional medical and educational expenses could easily elevate the cost of raising a special needs child to $500,000, if not much higher. Since health insurance doesn’t cover the full cost of medical treatments, families bear the burden […]

126 Major Businesses Rated “Best Places to Work for Disability Inclusion”

Fortune 1000 Corporations are recognized as a part of the 2018 Disability Equality Index (DEI) Results from the annual Disability Equality Index reveal 126 companies truly prioritizing the inclusion of people with disabilities and honored as the “Best Places to Work for Disability Inclusion”. Participants – Fortune 1000 corporations and Am Law 100 – are leaders across twenty-five unique business sectors with a significant global presence of over 7.8 million employees. The full company list […]

Resources for Funding Medical & Educational Services for Children with Special Needs

BY BRENDA L. FIGUEROA AND LAUREN AGORATUS, M.A. Families of children with disabilities may struggle to get services for their children in schools and the medical system. They may not know how to get their child evaluated, that there may be free or low-cost services, or that there are organizations that can provide them with information and support. Some parents become peer supporters for other parents, helping them to navigate challenging systems, after advocating for […]

Attention Caregivers: SSDI Benefits for Dependents with Special Needs May Not Last Forever!

Caregivers of dependents with special needs who receive Social Security Disability Income (SSDI) benefits must fully understand the nature, scope and duration of these benefits to effectively plan for the financial future of their  dependent. When SSDI benefits are payable based on a parent’s working record to their adult dependent with special needs, the Social Security Administration (SSA) considers this type of benefit as a “child’s” benefit. It is this form of eligibility that this […]

Financial Literacy For Students With Disabilities – A Necessary Life Skill for Independent Living

“It is important to remember that financial literacy, like all transition activities, should be started early as an ongoing process rather than waiting until the child is ‘transition age’ which is usually considered around age 14-16 in schools.” BY LAUREN AGORATUS, M.A. Students with disabilities need to have financial literacy as part of their transition to adult life. This will enable them to live more independently. The Arc has launched a Center on Financial Literacy […]