~~“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.”
- Asset Development / Financial Capability
- Nevada Department of Health and Human Services Aging and Disabilities Division (ADSD)