ACL: Conversation about ABLE Accounts

David Jones, director of the Office of Intellectual and Developmental Disabilities within ACL's Administration on Disabilities, recently asked Jody Ellis, director of the ABLE National Resource Center, ten questions about ABLE Accounts.  Read the conversation here.  Read the conversation here (excerpt below)

"How does saving in an ABLE account impact government benefits for people with disabilities?

Jody: ABLE savings will not affect Free Application for Federal Student Aid (FAFSA), Housing and Urban and Development (HUD) housing programs, Supplemental Nutrition Assistance Program (SNAP), or Medicaid, including Medicaid Waiver and Self-Direction Services. ABLE savings up to $100,000 do not affect eligibility for SSI. SSDI beneficiaries may save up to the ABLE plan limit based on state guidelines that currently range from $235,000 to $596,925. To learn more about ABLE and government benefits, we developed the Understanding ABLE and Public Benefits Decision guide."