ABLE - Achieving a Better Life Experience

An ABLE account, short for Achieving a Better Life Experience, is a specialized savings account designed to help individuals with disabilities save and invest money without jeopardizing their eligibility for government assistance programs, such as Medicaid and Supplemental Security Income (SSI). These tax-advantaged accounts allow individuals with disabilities and their families to save funds for qualified disability-related expenses, including education, housing, transportation, healthcare, and more. ABLE accounts offer various benefits, such as tax-free growth, contributions from family and friends, and flexibility in managing the funds. It helps to enhance financial independence and improve the quality of life for individuals with disabilities.