Two years after the ABLE Act’s passing, three states had either launched or were preparing to launch a version of the program, including Nebraska, Tennessee and Ohio. In a short period of time another seven states have adopted similar programs which could dramatically improve the lives of people with disabilities.
Before the ABLE Act, people living with a disability who saved as much a $2,000 a year could be rendered ineligible for Medicaid, Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) benefits, Money reports. Now, those same people can save up to $14,000 a year before it would affect their eligibility for the aforementioned benefits. A game changer, to say the least. States with ABLE Act programs now include:
- Alaska ABLE Plan
- Florida ABLE United
- STABLE Kentucky
- Michigan’s MiABLE
- Nebraska Enable Savings Plan
- Ohio STABLE Accounts
- Oregon ABLE Savings Plan
- Rhode Island’s RI’s ABLE
- Tennessee’s ABLE TN
- Virginia's ABLEnow
If you or a family member requires more information and/or assistance in filing for SSI and/or SSDI, please call Driscoll Law Corporation 949-359-1370 for a free consultation.
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