ABLE Act News

Saving Money for a Better Life: What Can the ABLE Act Do for Me?

This new factsheet outlines the Achieving a Better Life Experience (ABLE) Act, which gives some people with disabilities a way to save money for qualifying expenses such as a car, college or career training, healthcare, and other expenses without impacting eligibility for benefit programs. Sections cover eligibility, how to open an account, and myths and common questions about ABLE Accounts.

“Center for Medicare and Medicaid Services (CMS) Releases Guidance on ABLE Accounts”

The Center for Medicare and Medicaid Services (CMS) released guidance to State Medicaid Directors regarding the “Implications of the ABLE Act for State Medicaid Programs”. The Achieving a Better Life Experience Act (ABLE Act) is designed to enable certain individuals with disabilities to save money without affecting their eligibility for benefits such as Medicaid. The new guidance provides information on how funds in ABLE Act accounts should be viewed in relation to such benefits programs.