IAble Provides a Path to Financial Independence

March is Developmental Disabilities Awareness Month, which raises awareness about the inclusion of people with developmental disabilities and the barriers they face. State Treasurer Roby Smith is sharing how IAble can help people with disabilities overcome one of those barriers - saving money.

"Having the tools to save money helps us build a foundation for independence, financial security and future opportunities," said Treasurer Smith. "With IAble, people with disabilities can pursue those opportunities without worrying about their eligibility for crucial assistance programs they rely on."

Money in an IAble account is protected from asset caps tied to means-tested public benefits. IAble offers a checking account option and a range of investment options to meet the account owner's goals and timeline. Funds can be used tax-free for qualified disability expenses, such as housing, education, transportation, employment training and more.

Unlike traditional savings accounts, IAble accounts are designed specifically for people with disabilities, and they don't have to navigate these accounts alone. Family, friends and other members of their support system can make contributions to help them achieve their savings goals.

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More about IAble:

IAble, administered by State Treasurer Roby Smith, provides eligible people with disabilities and their support systems a way to save money while maintaining crucial benefits for federally means-tested programs such as Supplemental Security Income (SSI) and Medicaid. Funds in IAble accounts can be used to cover qualified disability expenses like assistive technology, support services, medical bills and much more. If you or a loved one could benefit from an IAble account visit IAble.gov.

For more details about IAble, review the Plan Disclosure Booklet.