this is a sponsored post, all opinions are 100% mine
ABLE accounts are still a new concept to most special needs families. Whether you are an individual with a disability or you are a family member/caregiver, saving for the future has been tricky. Most disability programs are needs based and a person can lose their benefits temporarily or permanently if they have too many resources at their disposal. When I became a mom to Eve, who has multiple diagnosis and requires lifelong care, I wasn’t sure what I would do to save for her future. We knew that college savings wouldn’t be applicable to her and there didn’t seem to be other options. The families we spoke with in our situation all felt frustrated by the complexity of the laws. Thankfully the ABLE act is now in effect and there are ways to save for the future without losing valuable government benefits.
ABLE for ALL is a new savings option that was developed with the support of people with disabilities and those who work with people with disabilities. It is open to individuals with a qualifying disability diagnosed before age 26 and open to all states. The wonderful thing is that the funds can be used in many ways from housing, transportation, job training to legal fees and final expenses. The ABLE for ALL savings plan is easy to set up, it takes about 10 minutes of your time and there is a $25 minimum to start.
As Eve gets older, it becomes more apparent that we need to save for her future and have more safety nets in place for her. ABLE savings plan will be part of that plan as we learn the right path for us. Check out the ABLE for ALL website for more details of this new savings plan. It’s important to choose the right savings plan that takes into account what our loved ones need. ABLE for ALL collaborates with non profit organizations and government agencies that focus on disability issues.