ABLE Nevada

Nevada

~~“The Achieving a Better Life Experience (ABLE) Act was recently passed by the U.S. Congress and signed by President Obama.  Under the new law, a person with a disability and that person’s family may put money into a special tax-advantaged account.  The first $100,000 in an ABLE account will not count against the $2000 Supplemental Security Income (SSI) resource limit, nor will it count against asset limits other programs, such as Medical Assistance, may have. 

 This new work incentive is a big deal:  It means that if you get a job, you can start saving up some money without losing your benefits.”

State Policies & Initiatives: 
Policy
Systems: 
  • Other
Topics: 
  • Asset Development / Financial Capability
Other: 
  • Nevada Department of Health and Human Services Aging and Disabilities Division (ADSD)
Date Enacted: 
01/26/2017
CITATIONS: