raise the eligibility age to open an ABLE account. i wasn’t diagnosed until 27, and i feel left out. i would like to go back to work, but would lose my medicaid, and i don’t know if i could afford meds or not. why do you have to be disabled before 26?, like i pocketted a fortune, in 10 years of working that would let me coast through life?
don’t know what im going to do now.
Yeah. I agree it’s unfair.
What does an ABLE account do?
It’s good for the working disabled in the US because it helps to make the asset limit for SSI and SSDI less of a problem. I think you can save up to $100,000 at least for SSI before you can’t add any more. Now if we could relax the income limit in a similar way we’d be talking. The problem is as @Lifer pointed out there’s an age limit of 26.
@anon80490300 an ABLE account allows you to work and save and invest while not losing your medicaid. the only downside is upon your death, the money goes back to the government. you have to be disabled before the age of 26 to open an account. if you invest the money from work or family contributions it grows tax free and you can use the money to pay for food, housing, transportation, medical expenses, education and legal fees.
actually yesterday i discovered a program in my state that may allow me to go back to work and keep my medicaid but i will have to pay a premium monthly based on how much i earn. will have to talk to my caseworker about it, once i get a job, or maybe before.
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