Millions of persons with disabilities and their families are often relegated to a life of poverty as a result of not being allowed to build even the most modest levels of resources. Persons receiving supports through Social Security, Medicaid and other publicly-funded programs are often disqualified from those supports if they have more than $2,000 worth of countable resources or assets. –Carolyn Wheeler
The STABLE Kentucky program has launched in Kentucky to make savings more accessible for everyone! This program allows qualified individuals with disabilities to save up to $14,000 a year in an ABLE account without jeopardizing their eligibility for federally-funded means tested benefits, such as Supplemental Security Income (SSI) and Medicaid. The funds in the account can be used for disability-related expenses that assist in increasing and/or maintaining health, independence or quality of life. For more information visit StableKentucky.com. Continue reading