Support The ABLE Age Adjustment Act

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Support The ABLE Age Adjustment Act

The ABLE Act allows certain individuals with disabilities the opportunity to save resources in a tax advantaged savings account (an ABLE account) which can cover disability-related expenses such as education, housing, transportation, employment support and other support expenses.

There is now a new bill called the ABLE Age Adjustment Act which increases the age for eligible account-holders from up to age 26 to up to age 46. Support the ABLE Age Adjustment Act of 2017, H.R. 1874/S. 817, which would increase the age of onset of disability from up to the age of 26 to up to the age of 46, adding millions of new potential ABLE account holders into the pool of eligible individuals.

Click Here To Take Action On This Issue

The ABLE Act allows certain individuals with disabilities the opportunity to save resources in a tax advantaged savings account (an ABLE account) which can cover disability-related expenses such as education, housing, transportation, employment support and other support expenses. Your resources saved in an ABLE account are exempt from determining your eligibility for Medicaid and Supplemental Security Income (SSI). SSI monthly benefit payments will be suspended (not terminated) for funds above $100,000 and continue when assets are below $100,000.

New ABLE Age Adjustment Act of 2017:

  • Increases eligibility threshold for ABLE accounts for onset of disability from up to age 26 to up to age 46.
  • Allows approximately 6 million more individuals to open ABLE accounts.
  • Will allow a total of 14 million eligible individuals to open an account.

Join the social media campaign: #ExpandABLE and #ABLEAgeAdjustment

ABLE Age Issue Paper

2018-09-18T16:35:38+00:00Categories: Advocacy, Advocacy Action, Featured, Latest|

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