LifePath's Farm to Home Program Franklin County

One of the well-kept secrets for people with disabilities is the Able Act. It allows people with disabilities to earn a living wage without fear of losing their benefits. However, millions more people with disabilities could be taking advantage of these accounts. The tax-free accounts known as the ABLE accounts are named after the Achieving a Better Life Experience Act, the 2014 law that created them. Only one per family and that’s me.

The accounts are modeled somewhat after 529 college savings accounts and let people with disabilities save for future needs and current expenses, including education, housing, and transportation, without having the money disqualify them for need-based federal benefits like Medicaid and Supplemental Security Income.

Advocates have heralded the accounts as a boon that could lift many people with disabilities out of poverty. People with disabilities may save up to $100,000 without losing their benefits!

For more information, contact:

https://www.ablenrc.org/state-review/massachusetts/