Raising a child isn’t easy. You want the best for them and you worry about their future. This can be even more difficult if you have a child with a disability. Their living and health expenses are typically more, and planning for their financial future can be challenging. Now, thanks to the Achieving a Better Life Experience (ABLE) Act and ABLEnow program, people with disabilities can have more independence, greater financial security, and a better quality of life.
First of all, let me begin by thanking my awesome friends at ABLEnow for sponsoring this post and asking me to share this information. Full Disclosure Policy, Legal Clause, and Terms and Conditions may be found HERE.
The History of the ABLE Act
Before we dive into the details, it’s important for you to know the history of the Achieving a Better Life Experience (ABLE) Act.
The architect of this law was Stephen Beck, Jr. who was the Vice Chairman of both the National Down Syndrome Society and the Down Syndrome Association of Northern Virginia Board of Directors. When Beck’s daughter, Natalie, who has Down Syndrome, was seven years old, Beck came up with a plan that would not only help his daughter, but others like her, save for their future.
Beck and his family were able to see the Act pass the House of Representatives before Beck passed away in December 2014. The Stephen Beck, Jr. Achieving a Better Life Experience (ABLE) Act was signed into law soon thereafter.
Why is the history of the ABLE Act so important to me? Because “Stevie” and I were lifelong friends. Our families grew up together, we went to school together, and we vacationed in the Outer Banks together every summer. From childhood on, Stevie has always looked out for the little guy. As an adult, he gave a voice to those who did not have one. It is my honor to share his legacy with the ABLE Act and ABLEnow program with you.
What is the ABLEnow Program?
ABLEnow accounts help individuals with disabilities save money to pay for qualified expenses, without being taxed on the earnings – and in most cases, without losing eligibility for certain means-tested benefit programs. This tax-advantaged savings program is just for those with disabilities. It’s set up so that you can keep your SSI and Medicaid benefits.
ABLEnow is the national ABLE savings program offered by the Commonwealth of Virginia, and is one of the fastest growing ABLE programs in the country, with accounts in all 50 states. ABLEnow is administered by Virginia529, the country’s largest college savings plan, which now has an expanded mission to meet the needs of individuals with disabilities.
Some of the expenses the ABLEnow program can help with include:
- Basic living expenses
- Education and training
- Support services
- Health care expenses
- Assistive Technology
- Legal fees
- Financial services
- And more…
Anyone can contribute! What a great gift for the future of your child or loved one, not just during the holiday season, but any time of year.
What ABLEnow Means for You
I had the honor of meeting Marla Muraska, Down Syndrome Speaker and Advocate with Musings From a Special Needs Mom. Her son, Jacob has Down Syndrome. She is looking forward to signing up for ABLEnow. In her words, “it gives him the opportunity to have meaningful employment and feel good about living a quality of life without worrying about healthcare.”
How to Enroll and FAQ
This is a sponsored post written by me on behalf of ABLEnow.
Connect and Share
What about you? What are your thoughts on the ABLEnow program?
Love, hugs, and creating better life experiences.HERE.