Since I wasn’t able to write a post last night, I thought I would two of them tonight. With my oldest about to turn eighteen, it seemed appropriate to write about the website Disable Poverty. I think the homepage says it all.
So yesterday I signed up for a workshop on the ABLE act here in Missouri through the St. Louis Arc, a group here in Missouri that supports family member with special abilities (or as they say on their website, intellectual and developmental disabilities).
While the handout says that ABLE accounts are not yet available, I’m looking at this as a way to prepare for when they are. I also need to look back at my notes on Social Security and SSI to make sure I do whats best for my son.
FYI, I just discovered that St. Louis Arc is also having a Family Resource Market in April where we have 15 minute one-on-one discussions with various groups including Social Security and SSI. Good to know.
This just in:
Tucked inside a tax bill approved by lawmakers last month is a provision that will permit individuals with disabilities to open new accounts established under the Achieving a Better Life Experience, or ABLE, Act in any state, regardless of where they reside.
In other words:
The change means that people with disabilities across the country will be able to open ABLE accounts when the first state programs are up and running which could happen as soon as February or March, advocates say.
The best part is:
With the new accounts, people with disabilities will for the first time be able to accrue up to $100,000 in savings without losing access to Social Security and other government benefits. Medicaid coverage will remain intact no matter how much money is saved in an individual’s ABLE account.