Stuff in the ‘Achieving a Better Life Experience Act’ Category

IRS Issues Final Regulations for ABLE Accounts

The Internal Revenue Service (IRS) has issued final regulations covering tax-free savings accounts that allow people with disabilities and their families to save and pay for disability-related expenses without jeopardizing eligibility for Medicaid, Supplemental Security Income (SSI) and other government benefits. Passed by Congress in December 2014, the Achieving a Better Life Experience (ABLE) Act allows families […]READ POST »

The Missouri ABLE Account; What You Need to Know

by Christine A. Alsop, The Elder & Disability Advocacy Firm of Christine A. Alsop, LLC The Federal Act, known as the Achieving a Better Life Experience Act allows individuals with disabilities to have an investment account that will not cause ineligibility for means-tested government benefits, such as Supplemental Security Income (SSI) and Medicaid. These accounts […]READ POST »

The Elder & Disability Advocacy Firm of Christine A. Alsop, LLC, provides legal advice and representation to clients in Missouri and Illinois.

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