"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.”
- Asset Development / Financial Capability
- Resource Leveraging
- Nevada Department of Health and Human Services- Aging and Disability Services Division