Takeaways Achieving a Better Life Experience (ABLE) accounts offer tax-free growth and tax-free withdrawals for qualified disability expenses such as housing and health care. As of January 1, 2026, more veterans can qualify for ABLE accounts because the disability onset age has increased from 26 to 46. Up to $100,000 in an ABLE account generally won’t count toward the Supplemental Security Income (SSI) Read More
Two Common Special Needs Trust Mistakes Families Make
Takeaways Special needs trusts (SNTs) help people with disabilities cover expenses while remaining eligible for needs-based government benefits such as Medicaid and Supplemental Security Income (SSI). Common mistakes, like giving the beneficiary cash gifts or directly paying for their housing costs, may lead to a reduction or loss of their SSI and Medicaid benefits. When managed correctly, a special needs trust Read More
11 Common Special Needs Planning Acronyms
Navigating the world of disability benefits and supports can feel overwhelming, especially with all the acronyms involved. Understanding these acronyms can make planning for things like education, financial support, and care go more smoothly. Here are 11 common acronyms you may encounter in special needs planning, from financial programs like SSI and SSDI to care-related terms such as HCBS, so you know what Read More
What Is an ABLE Account? A Practical Overview
Families caring for a loved one with a disability often face a difficult problem: how to save money for the future without jeopardizing important government benefits like Supplemental Security Income (SSI) or Medicaid. An ABLE account can help solve this problem. ABLE accounts are tax-advantaged savings accounts designed specifically for individuals with disabilities. They allow people with disabilities and Read More
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