I believe that all persons with disabilities not only should be employed to serve but to thrive!! To have all the advantages that a good salary and entrepreneurship can provide. Having access to ABLE Accounts is the next step in creating these opportunities. Isn't it about time that we have our Bill Gates of the disability community?
I am a volunteer member of the Massachusetts Statewide Rehabilitation Council (SRC). The SRC is an Advisory Board to the Massachusetts Rehabilitation Commission Vocational Rehabilitation (VR0 Program. All states are required to have an SRC.. As part of our program this year, we are requesting the VR Benefits Planning group formally inform all VR Clients (Existing and New) of the benefits of the ABLE program, especially ...more »
Consumers are finding it harder and harder to find affordable accessible housing. Everyone deserves a home to call their own allowing ABLE account holders and contributors the right to own a home of they're own is a foundation for Independence .Making a home safe and accessible makes sense for everyone .Keeping PWD's healthy and Happy in our communities .
ABLE Accounts provide a new way for qualified individuals to save money without negatively impacting federally-funded public benefits. The asset limit under an ABLE Account depends on the state. For people who receive SSI, the asset limit is $100,000.
Information on ABLE accounts should be introduced at the PPT during a students transition years. (age 14/15). Sharing ABLE account information at the school PPT with the parent/guardian will assist in preparing a funding source early for the supports the individual may need for job search or day support programs. This will allow more control by the parent/guardian over the funds, especially where states are struggling ...more »
A critical step in the success of ABLE accounts is the education of consumers and their advocates. A muti-faceted, multi-phased communication system is a necessity. As a parent, I know that it is very difficult to "hear" new information the first time it is shared, as well as how difficult it is for service providers to maintain currency with all the new opportunities which become available. Establishing straightforward ...more »
With most benefits programs, an increase in salary reduces the benefits one receives, or makes one ineligible for those financial supports. So, coordination with all benefits programs, and educating consumers and their advocates about the way they all are intertwined is critical to both the use of services and maintaining the benefits.
Social Security appoints Rep Payees - and expressly states that a Power of Attorney does NOT grant Rep Payee status. So many Organizational Representative Payees read the "account ownership" provisions as 'the beneficiary cannot open an ABLE Account because it has already been determined that they cannot manage their own funds'. Later in the law it goes on to mention those with 'signature authority' without expressly ...more »
You can now make your benefits work for you, instead of working around your benefits.
Special Needs Trusts (SNTs) may be more flexible as ABLE accounts used for housing affect SSI and Medicaid, but SNTs only affect SSI (though in some states they're linked.) Also families need to know that if the beneficiary of an ABLE account dies, any remaining funds will be used to pay back the government for Medicaid expenses. But ABLE accounts are less costly to set up. Some legal sources recommend having both ...more »
Although many people with disabilities may have access to multiple supports and services to assist them in pursuing and maintaining employment, sometimes these supports and services don't cover 100% of that person's needs. Funds in an ABLE account can be used to pay for employment related expenses that perhaps are not fully covered by other supports, services, and/or resources.
ABLE accounts can help entrepreneurs with disabilities to invest money for short-term and long-term goals and can be an important financial factor in starting a business. If you or someone you know has a disability and is considering starting a business, make a list of costs associated with the disability that are needed in order to build a business that an ABLE account could cover. Here are some examples: Legal and ...more »