Savings

House passes disability special needs trusts measure

Friday, October 7, 2016By a vote of 383-22 on September 20, the House of Representatives approved a new bill that allows people with disabilities to set up their own special needs trusts. “The Special Needs Trust Fairness and Medicaid Improvement Act corrects a…

ABLE Act modifications advance in the Senate

Monday, October 3, 2016The US Senate may soon hear two new bills that seek to build on a 2014 law that aims to make people with disabilities more economically self-sufficient. Under the ABLE Act, signed by President Obama in December 2014, people with…

ABLE Act rules proposed

Thursday, July 2, 2015The Obama Administration released proposed regulations June 22 to implement the Achieving a Better Life Experience (ABLE Act), paving the way for people with disabilities to save for disability-related expenses without jeopardizing eligibility for public benefits. Under the ABLE Act,…

ABLE Act moves forward in Virginia

Tuesday, March 24, 2015Virginia has become the first state to pass legislation implementing the ABLE Act, giving people with disabilities and caregivers in the state the ability to create special tax-free savings accounts for disability-related expenses. President Obama signed the Achieving a Better…

President Obama signs ABLE Act

Wednesday, December 24, 2014People with disabilities and their caregivers will be able to create tax-free savings accounts specifically for disability related expenses, under a new bill signed by President Barack Obama on December 19. The Stephen Beck, Jr. Achieving a Better Life Experience…