Social Security Administration (SSA) Update on ABLE Regarding Repayments

On September 28, 2021, the Social Security Administration received guidance from the Internal Revenue Service allowing: (1) the repayment of benefit overpayments to SSA as an ABLE qualified disability expense and (2) the repayment of representative payee fees from an ABLE account for pre-approved fee-for-service representative payees. Both fall under the category of “financial management” under § 1.529A–2(h)(1).