ABLE (Achieving a Better Life Experience) plans allow individuals with disabilities and their families to save for a broad range of expenses on a tax-advantaged basis without jeopardizing their benefits from supplemental security income (SSI), Medicaid, and other state and federal programs.
ABLE Accounts were created as a result of the passage of the Stephen Beck Jr. Achieving a Better Life Experience Act of 2014, or the ABLE Act.
“Since taking office, I have focused on three main priorities: bolstering retirement security and readiness, creating pathways to economic empowerment, and promoting a culture of financial excellence,” Treasurer Davis said, “and it’s important to remember those are my priorities for ALL Delawareans, including those with disabilities. I’m proud that our own ABLE program, DEPENDABLE, provides a way for those with disabilities to save for the future.”
In this edition of Treasury Talks, we mark August as ABLE to Save Month by speaking with Eric Ochmanek who heads ABLE today, the new effort of the National Association of State Treasurers (NAST) designed to raise awareness of ABLE programs and how they help create financial stability and empowerment for people with disabilities.
The Office of the State Treasurer oversees DEPENDABLE, Delaware’s own ABLE program.
Visit able.delaware.gov to learn more about DEPENDABLE
The NAST (National Association of State Treasurers) Foundation, the nation’s foremost authority for responsible state treasury programs and related financial practices, policies, and education, leads the National ABLE Initiative (ABLE today). abletoday.org
The mission of the ABLE National Resource Center (ABLE NRC) is to educate, promote and support the positive impact ABLE can make on the lives of millions of Americans with disabilities and their families. ablenrc.org
The National Disability Institute was the first national nonprofit committed exclusively to financial education & empowerment for people with disabilities. nationaldisabilityinstitute.org
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