ABLE Account Training for DDP Clients and Community

If you’re close to someone with a developmental disability, you might be familiar with the ABLE Act of 2014, which allows people with disabilities and their families to set up a special, tax-free savings account for disability-related expenses. These qualified disability expenses include education, transportation and housing. This law exists to ease financial strains and ensure that these expenses do not negatively impact people’s eligibility for public benefits. ABLE accounts are important for individuals with developmental disabilities and their families to be able to plan for their future needs, both in the short and long term. This year, the ABLE Act was amended to increase the limit of funds people can put into their ABLE accounts.

In 2017, Massachusetts launched its own ABLE program titled the Attainable Savings Plan. The Massachusetts ABLE program allows qualifying individuals to save up to $15,000 per year. To learn more about the financial specifics, click here.

In August, our Developmental Disabilities Program (DDP) hosted a training with MEFA about Attainable accounts for the families with whom DDP works. The training included information on how Attainable accounts work, what their benefits are and who is eligible to have one. This is the first Attainable account training we’ve held, and we plan to hold these trainings once a year.

DDP is pleased that we were able to offer information about this valuable resource to our families and we thank MEFA for working with us!