Posted Dec. 4, 2014 | The House passed the Achieving a Better Life Experience (ABLE) Act, by a vote of 404 to 17, yesterday evening that would establish tax-exempt savings accounts for individuals born with disabilities. The broadly supported bipartisan bill, which is expected to pass in the Senate, exempts savings, up to certain levels, and distributions from those savings for individuals and families applying for means-tested federal programs, such as Medicaid or Supplemental Security Income. Currently, people with disabilities can lose access to such programs once they establish a certain level of savings. Read on.
Courtesy of the Roll Call 218 blog