Disclaimer:The following blog-post is sponsored by ABLE United and Bloggin Mamas. All opinions are my own.
If you’re a special needs parent or caretaker you may have wondered about your child’s financial future. I have and wasn’t sure of what savings programs may have been available for those differently Abled individuals. As of July 1, 2016, residents of Florida who have been disabled at 26 years or younger now can apply for “The Achieving a Better Life Experience (ABLE) Act, which authorizes states to create tax-free savings accounts for individuals with disabilities. ABLE United is a promise for a better future, independence and financial wellness for individuals with disabilities and their families.
ABLE United is hosting a Summer Sweepstakes, five individuals will receive a $500 contribution toward an account. Individuals can enter on Facebook and answer some easy questions to gain additional entries.
Entering is easy and you can enter daily to win! Just register with your email, and then answer a few simple questions to earn entries. Sweepstakes ends June 15, 2017.
Here is the link to the Sweepstakes site: http://bit.ly/ablegiveaway
Q:WHAT IS AN ABLE ACCOUNT?
An ABLE account is a tax-free savings and investment account established to support qualified disability expenses for an individual with a disability, including living expenses. Money in an ABLE account is generally disregarded when determining eligibility for federal benefit programs, such as Supplemental Security Income (SSI) and Medicaid.
Q: What is an ABLE account?
An ABLE account is a tax-free savings and investment account established to support qualified disability expenses for an individual with a disability, including living expenses. Money in an ABLE account is generally disregarded when determining eligibility for federal benefit programs, such as Supplemental Security Income (SSI) and Medicaid.
The ABLE United Program is the qualified ABLE program offered by the state of Florida. ABLE accounts in the ABLE United Program are referred to as ABLE United accounts.
Q: How do I open an ABLE United account?
You may open an ABLE United account quickly and easily online at ableunited.com. Enrollment may be completed by the individual with a disability or someone with legal authority over the individual, such as a parent or legal guardian.
So who is eligible?
- Florida Residents
- Have a qualifying disability with onset before age 26.
ABLE United is hosting a Summer Sweepstakes, five individuals will receive a $500 contribution toward an account. Individuals can enter on Facebook and answer some easy questions to gain additional entries.
Entering is easy and you can enter daily to win! Just register with your email, and then answer a few simple questions to earn entries. Sweepstakes ends June 15, 2017.
Here is the link to the Sweepstakes site: http://bit.ly/ablegiveaway
