Financial

Ohio's new STABLE accounts are for people with disabilities who want a safe way to save money for their future, but without having to worry about the risk of stocks or federal income tax. The STABLE accounts are reminiscent of college 529 plans or 401(k) retirement plans. The best part about the STABLE account is that it allows people with disabilities to invest their money and still collect from other benefits, such as social security and Medicaid, without it affecting the monies being placed into their STABLE account.

STABLE accounts are free and can be set up online. For Ohio residents, only a $30 annual contribution is required to maintain the account. Money spent from the account must be on long-term disability expenses.

If you are a child or an adult and have low income and a disability, you may qualify for Supplemental Security Income. The income is meant to provide the financial support for a person's basic needs.

See the Employment tab for more information on collecting SSI while working.

All persons who are considered disabled by the Social Security Administration will be considered for Medicaid eligibility. Medicaid provides waivers and monies for transportation, living facilities, workforce initiatives, and community living, among others.