NEW AZ ABLE account information:
As of March 5, 2018, there is an investment plan that allows individuals with disabilities to have assets and keep money in an account in their name that does not affect their Medicaid status!
Please see the following link for the YouTube prerecorded webinar:
You can watch here: https://addpc.az.gov/ just click Replay.
What is an ABLE account?
ABLE accounts are tax-advantaged savings accounts for eligible individuals with disabilities.
Why the need for ABLE accounts?
Millions of individuals with disabilities and their families depend on a wide variety of public benefits for income, health care, food and housing assistance. The ABLE Act recognizes the extra and significant costs of living with a disability. ABLE accounts allow Eligible Individuals the opportunity to save and fund a variety of Qualified Disability Expenses without endangering eligibility for certain benefits that are critical to their health and well-being, such as Medicaid and Supplemental Security Income (SSI).
Please click link for the YouTube webinar if you are using assistive technology https://addpc.az.gov/ just click Replay
The following screen shots are a small part of the Arizona Developmental Disabilities Planning Council’s webinar: