Starting this month, individuals with disabilities can accrue more money than ever before in a special type of account that allows people to save without jeopardizing access to Medicaid and other government benefits.
Contributions to ABLE accounts can total up to $19,000 for 2025. That’s an increase from $18,000 last year.
Read on at Disabilityscoop…
ABLE accounts were established under a federal law a decade ago, offering people with disabilities the opportunity to save up to $100,000 without sacrificing eligibility for Social Security and other government benefits. Medicaid can be retained no matter how much is in the accounts.
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