Congress Weighs Expanding ABLE Act

As new accounts allowing people with disabilities to save money without jeopardizing their government benefits become increasingly available, Congress is considering changes to the program.

A bipartisan group of lawmakers in the U.S. Senate and the House of Representatives introduced a package of bills this month to modify the Achieving a Better Life Experience, or ABLE, Act.

The 2014 legislation created a first-of-its-kind savings vehicle for people with disabilities, offering the ability to accrue up to $100,000 without sacrificing Social Security and other government benefits. Medicaid eligibility is not affected by any level of funds saved in the accounts. Read more https://www.disabilityscoop.com/2017/04/10/congress-weighs-expanding-able-act/23557/