Able Accounts
Discover ABLE accounts for disability savings. Learn how these tax-advantaged accounts help disabled individuals save for qualified expenses without losing b...
Can I lose my disability benefits if I save money in an ABLE account?
No, ABLE accounts are specifically designed to protect your eligibility for needs-based benefits like SSI and Medicaid. Unlike regular savings accounts, money in an ABLE account doesn't count toward asset limits for these programs. You can save for disability-related expenses like education, housing, and healthcare while keeping your benefits intact. The key is using the funds for qualified disability expenses as defined by the program.
