Criss & Rousseau Law Firm LLP
Call for a Free Consultation
254-781-5109

Achieving a Better Life Experience (ABLE) Act of 2014

In late 2014, Congress passed and the President signed into law the Achieving a Better Life Experience (ABLE) Act of 2014, which paves the way for millions of disabled Americans to have tax-able.jpgfree accounts to help them save for their disability expenses. The key provisions of ABLE allows individuals with disabilities, and those who provide support to them, to open savings accounts for disability-related expenses without risking Medicaid coverage and other federal benefits, as long as the balance in such accounts does not exceed $100,000, and without risking eligibility for Supplemental Security Income (SSI) benefits. Despite the passage of the new law, many people do not understand the basic provisions of ABLE, such as:

What is an ABLE account and who can open one?

What permissible expenses are covered?

What are the benefits?

What are some of the limitations?

For more information on ABLE, see this outstanding article by James Canup, "What Does "ABLE" Mean?"

No Comments

Leave a comment
Comment Information
Email Us For A Response

Contact Our Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Contact Our Offices

Harker Heights Office
100 W Central Texas Expy Suite 106
Harker Heights, TX 76548

Phone: 254-781-5109
Fax: 254-699-9996
Harker Heights Law Office Map

Galveston Office
719 59th St
Galveston, TX 77551

Phone: 409-515-6176
Fax: 409-763-1508
Galveston Law Office Map