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Achieving a Better Life Experience (ABLE): Savings Accounts for People with Disabilities

Achieving a Better Life Experience (ABLE): Savings Accounts for People with Disabilities

Think College Fast Fact #28 describes the ABLE Act passed in 2014, and explains that through the passage of this Act, people with disabilities can the opportunity to open tax-advantaged savings accounts. This national public policy recognized the significant costs and extra expenses associated with living with a disability and opened the door to saving without impacting eligibility for means-tested benefits, such as SSI and Medicaid. This publication was originally released in 2016 as Fast Fact #8.

APA Citation: 

Buonfiglio, M. (2020). Achieving a Better Life Experience (ABLE): Savings Accounts for People with Disabilities. Think College Fast Facts, Issue No. 28. Boston, MA: University of Massachusetts Boston, Institute for Community Inclusion.

Year of Publication: 
2020
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National Coordinating Center