ABLE Nevada

Nevada

State Policies & Initiatives: 
Policies and Programs

"ABLE Accounts (Achieving a Better Life Experience)

January 26 is the start date for consumers to open an ABLE Nevada account.

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.”

Systems: 
  • Other
Topics: 
  • Asset Development / Financial Capability
  • Resource Leveraging
Other: 
  • Nevada Department of Health and Human Services- Aging and Disability Services Division
Date Enacted: 
01/26/2020
CITATIONS: