Achieving a Better Life Experience
On December 19, 2014, President Barack Obama signed into law the Achieving Better Life Experience (ABLE) Act. First introduced in 2006, and subsequent sessions of Congress, the ABLE Act will allow people with disabilities (with an age of onset up to 26 years old) and their families the opportunity to create a tax-exempt savings account that can be used for maintaining health, independence and quality of life.
National Disability Institute (NDI) has long championed the ABLE Act as a critical strategy to providing a pathway to a better economic future for all people with disabilities. As the nation’s first nonprofit dedicated to improving the financial health and future of all people with disabilities, the organization has extensively documented and called attention to the daily reality and extra expenses associated with living with a disability, and the challenges of navigating the complex web of government rules to maintain public benefits eligibility.
NDI applauds Congress and the Obama Administration in enacting this unprecedented piece of legislation. Going forward, at the federal level, NDI will work closely with both Chambers of Congress to expand access to ABLE accounts to more people with disabilities and, at the state level, work with legislatures to establish, implement and ensure access to ABLE accounts to their constituents with disabilities.
For more information on the ABLE Act, please read our press release or view our recent videos:
Ten Things You Must Know About ABLE Accounts
View a transcript of "Ten Things You Must Know About ABLE Accounts"
ABLE Account Planning: Six Next Steps for 2015
View a transcript of "ABLE Account Planning: Six Next Steps"