INFORMATION ABOUT TAX-FREE SAVING ACCOUNTS FOR DISABLED INDIVIDUALS The Stephen Beck, Jr., Achieving a Better Life Experience Act (ABLE) became law on December 19, 2014. The law aims to ease financial strains faced by individuals with disabilities by making tax-free saving accounts available to cover qualified disability expenses. IMPORTANT FACTS TO KNOW ABOUT THE ABLE ACT The designated beneficiary of an ABLE account is the eligible individual who owns the ABLE account. He or she […]
The ABLE National Resource Center (ABLE NRC) is pleased to announce the launch of our 2021 ABLE NRC BIPOC Ambassador program and the opportunity for four more BIPOC ABLE account owners to join our initiative. We will be working to increase awareness and engagement around ABLE accounts among minority populations who experience higher rates of poverty at the intersection of race and disability. With the help of our BIPOC Ambassadors who are ABLE account owners […]
Expecting a federal stimulus payment? It might be a good time to consider saving with ABLEnow. Although stimulus payments are not treated as income by most federal, state and local programs, funds not spent within 12 months will count as resources and could impact eligibility for means-tested programs such as Medicaid and Supplemental Security Income (SSI). Prefer to have more flexibility? ABLE-eligible individuals may want to save all or a portion of their stimulus payment in […]
Global Mental Health and Intellectual Disability Facilities Market to Reach $239. 6 Billion by 2027. Amid the COVID-19 crisis, the global market for Mental Health and Intellectual Disability Facilities estimated at US$172. Reportlinker.com announces the release of the report “Global Mental Health & Intellectual Disability Facilities Industry” – https://www.reportlinker.com/p05960668/?utm_source=GNW 9 Billion in the year 2020, is projected to reach a revised size of US$239.6 Billion by 2027, growing at a CAGR of 4.8% over the […]
While each individual and family situation is different, we all share a common concern around our financial future during the COVID-19 crisis. This situation affects everyone’s lives at all levels and will continue to impact household finances for a lengthy period of time. Depending on your own specific and unique circumstances, your need to respond will vary. In this blog, the ABLE National Resource Center will share actions for you to consider, resources, stories and […]
