ABLE account
An ABLE account is a type of savings account that helps people with disabilities save money for their future. It stands for Achieving a Better Life Experience.
Think of it like a piggy bank that you can use to save money for the things you might need when you get older. This might include things like housing, transportation, education, and healthcare.
The cool thing about an ABLE account is that it’s different from other kinds of savings accounts because it allows people with disabilities to save money without it counting against certain federal benefits they might be receiving, like Medicaid or Supplemental Security Income (SSI).
So, if you have a disability and you want to save money to help make your life better, an ABLE account might be just what you need!
Think of it like a piggy bank that you can use to save money for the things you might need when you get older. This might include things like housing, transportation, education, and healthcare.
The cool thing about an ABLE account is that it’s different from other kinds of savings accounts because it allows people with disabilities to save money without it counting against certain federal benefits they might be receiving, like Medicaid or Supplemental Security Income (SSI).
So, if you have a disability and you want to save money to help make your life better, an ABLE account might be just what you need!