5 Uses for an ABLE Account from Special Needs Answers

Posted date in Medicaid

From Special Needs Answers:

We have previously written about the pros and cons of ABLE (Achieving a Better Life Experience Act of 2014) accounts. These accounts allow many people with disabilities or their families to establish tax-free savings accounts that won’t affect their ability to qualify for, or remain on, government assistance as long as the account balance does not exceed $100,000. But ABLE accounts can be more than simply a savings vehicle.  The accounts can be used in many creative ways, either alone or in conjunction with other planning tools, to make a big difference to families with special needs children.

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