The opportunity for individuals with disabilities to save, plan and look forward to the future was once a scary thought. Being hopeful about the future seemed less promising for members of the disability community because many barriers made planning and saving impossible. A recent survey conducted by America Saves, states that only 40 percent of households are making good or excellent progress in saving, and more than 27 percent report no progress at all. The numbers are even more dismal for the disability community – the National Disability Institute reports that an estimated 1.9 million households that include an individual with a disability do not have a checking or savings account. Before ABLE United’s program, some were not even provided the same opportunities to save as the general population.
For well over ten years, our family was on the medicaid waiver list waiting for Richie to be able to obtain much-needed services, such as, behavior, speech and occupational therapy. We were cautioned like many other families of children with disabilities that in order for Richie to continue to be eligible for services, he could not have any savings or assets in his name that exceeded $2,000. For many individuals with disabilities and their families who rely on government assistance (Social Security or Medicaid), this requirement effectively prevented them from planning for the future and forced them to live in poverty. But now, this $2,000 asset limit is no longer a barrier.
Saving with ABLE United Means:
ABLE United offers individuals with disabilities the opportunity to save up to $14,000 each year, tax-free, without negatively impacting federal benefits. Now, we can finally plan and save for the future without worrying about losing benefits. There's no red tape and it's easy to get started. I opened an account for Richie in 15 minutes and we haven't stopped saving since.
Open an account for yourself or a loved one with a disability and start saving today by clicking here! Be sure to use this special code when you sign up: SENSORY17!
Open an account for yourself or a loved one with a disability and start saving today by clicking here! Be sure to use this special code when you sign up: SENSORY17!
Join ABLE United and special needs attorney Travis Finchum in a discussion of the attributes of both types of accounts, to help you determine the best choice for yourself, your loved one, or the people you serve. Register now for this free and informative ABLE United Webinar that will be held on Thursday, October 26, 2017 at 12 pm EST.
It's an exciting day to click here (Remember to use this code: SENSORY17) and start saving today!
It's an exciting day to click here (Remember to use this code: SENSORY17) and start saving today!
Please note that although I am compensated by ABLE United through a Bloggin' Mama's campaign, all opinions are sincere and my own.
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