ABLE Programs in Jeopardy, Disability Advocates Warn
June 28, 2018
By: Michelle Diament
Source: Disability Scoop
Without a big change, advocates are warning that a recently-established vehicle to help people with disabilities save money without risking their government benefits could be unsustainable.
ABLE programs across the country desperately need an infusion of more account holders, according to a letter sent to congressional leadership this month from over 150 disability advocacy groups.
Established under a 2014 federal law, ABLE accounts allow people with disabilities to save up to $100,000 without risking eligibility for Social Security and other government benefits. Medicaid can be retained no matter how much money is in the accounts.