[NFBNJ] ABLE Accounts

[joe ruffalo]

Greetings to all!
Provided below is information pertaining to Achieving a Better Life 
Experience, (ABLE) accounts.
Please read  and share.

We care. We share. We grow. We make a difference
Joe Ruffalo, President
National Federation of the Blind of New Jersey
973 743 0075
nfbnj1 at verizon.net
www.nfbnj.org
Raising Expectations To Live The Life We Want!

**

From: Johanna Baccan
Sent: Friday, March 09, 2018 2:19 PM
To: Joe Ruffalo
Subject: Johanna Baccan information about FW: ABLE Accounts
Dear Joe,

I called Pamela Gaston.  She looked this up and forwarded it to me.  I 
thought you would also like to have this for your records.  Pam is such a 
great person and always goes above and beyond to help any of us in the Blind 
Community.  We are lucky to have her at the Commission.

Sincerely,

Johanna



From: Pamela.Gaston at dhs.state.nj.us [mailto:Pamela.Gaston at dhs.state.nj.us]
Sent: Friday, March 09, 2018 1:48 PM
To: 24kjo at optonline.net
Subject: ABLE Accounts



Achieving a Better Life Experience (ABLE)

Enacted December 19, 2014, Public Law 113–295 
<https://www.congress.gov/113/plaws/publ295/PLAW-113publ295.pdf> , also 
known as The Stephen Beck, Jr., Achieving a Better Life Experience Act (ABLE 
Act), added Section 529A to the federal tax code. More commonly referred to 
as The ABLE act, this law allows eligible individuals with disabilities and 
their families to save money for disability related expenses in a tax-exempt 
account known as an ABLE account.

What are ABLE accounts?

ABLE accounts are tax-advantaged savings accounts intended to encourage and 
assist individuals with disabilities and their families to save private 
funds to supplement benefits provided through private insurance, Medicaid, 
supplemental security income (SSI), employment, and other sources.

Most individuals with disabilities depend on Medicaid to access disability 
related services needed to maintain health, independence, and quality of 
life. Establishing an ABLE account allows beneficiaries to save money for 
disability related expenses while maintaining eligibility for means tested 
Federal benefit programs. Money saved in an ABLE account will not affect an 
individual's eligiblity for SSI (up to $100,000) and will allow the 
beneficiary to maintain eligibility for Medicaid and other public benefits.

More information on ABLE accounts can be found on the following pages:

*    ABLE National Resource Center 
<http://www.ablenrc.org/about/what-are-able-accounts>
*    Social Security: ABLE Accounts 
<https://secure.ssa.gov/poms.nsf/lnx/0501130740>
*    National Down Syndrome Society: ABLE Act Frequently Asked Questions 
<https://www.ndss.org/Global/Policy/ABLE/TheABLEAct-FrequentlyAskedQuestions-web.pdf>
*    National Policy Matters: ABLE Accounts for People with Disabilities 
<http://www.thearc.org/file/documents_publications/National-Policy-Matters--ABLE-Act.pdf>







Pamela L. Gaston

Executive Assistant 3

NJ Commission for the Blind and Visually Impaired

153 Halsey St. 6th Floor

P.O. Box 47017

Newark, NJ 07102

Office: 973-648-6149

Cell:     973-900-2564

Fax:     973-648-2043

Pamela.Gaston at dhs.state.nj.us


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