STABLE Accounts: What you need to know!
Living with a disability can mean extra and significant expenses not covered by insurance, Medicaid or Medicare. Nicholas Hancart from Ohio Treasurer of State explains the benefits of STABLE accounts, who is eligible, how to enroll, what expenses are considered "qualified", STABLE Account vs. Special Needs Trusts, and implications for SSI recipients.
The STABLE Program for the first time, provides tax-advantaged savings and investment opportunities to individuals with disabilities without risk of losing means-tested benefits. Individuals are able to save above their resource limit for their needs, while still keeping their benefits. Individuals are utilizing STABLE Accounts from all 50 states.
HIGHLIGHTS OF THE DISCUSSION
- Benefits of stable accounts
- Eligibility requirements and how to enroll
- What expenses are considered "qualified disability expenses"
- Implications for ssi recipients
About the Autism Society of Greater Akron
The Autism Society of Greater Akron (ASGA) is part of a nationwide network of affiliates with the Autism Society of America, the nation’s largest and oldest grassroots autism organization. ASGA serves Summit, Stark, Wayne, Portage and Medina counties (OH) and works locally to achieve its mission --to create connections, empowering everyone in the Autism community with the resources needed to live fully.
ASGA is also a proud member of the Ohio Family Network (OFN), connecting people with disabilities and their families to local information and resources within their communities. OFN provides opportunities to share ideas, find solutions to common challenges and inspire and strengthen others.