New ABLE National Resource Center Website
Millions of individuals with disabilities and their families depend on a wide variety of public benefits for income, health care, food and housing assistance. Eligibility for these public benefits (SSI, SNAP, Medi-Cal) require meeting a means or resource test that limits eligibility to individuals to report more than $2,000 in cash savings, retirement funds and other items of significant value. To remain eligible for these public benefits, an individual must remain poor.
ABLE Accounts, which are tax-advantaged savings accounts for individuals with disabilities and their families, will be created as a result of the passage of the Stephen Beck Jr., Achieving a Better Life Experience Act of 2014 or better known as the ABLE Act.
For the first time, eligible individuals and their families will be allowed to establish ABLE savings accounts that will not affect their eligibility for SSI, Medicaid and other public benefits. The legislation explains further that an ABLE account will, with private savings, secure funding for disability-related expenses on behalf of designated beneficiaries with disabilities that will supplement, but not supplant, benefits provided through private insurance, Medi-Cal, SSI, the beneficiary’s employment and other sources.
To learn more, go to http://www.ablenrc.org, the website created by the ABLE National Resource Center.
Ms. MacDonald’s practice is limited to Estate Planning, Probate and Trust Administration. Ms. MacDonald maintains her practice in the Santa Clarita Valley at 25115 Avenue Stanford, Suite A-209 in Valencia, California. She can be reached at 661-294-6464.
ADVERTISE WITH US
Circle of Hope, is a 501c3 nonprofit organization in Newhall, Ca that provides educational, emotional and financial assistance to those with cancer in Santa Clarita. The organization is currently seeking the publics help in acquiring items that can be used in...
The Santa Clarita Public Library Invites Residents to Take Advantage of Their Online Resources this August
A Library Card is All You Need to Enjoy the eLibrary, Student Resources, Career Resources and More! As the Santa Clarita Public Library gears up for Fall programming in September, residents are reminded to take advantage of the wide variety of online...
Circle of Hope, a nonprofit organization in Santa Clarita who provides educational, emotional and financial services to those with cancer in the community is proud to announce and welcome two new members to the organization’s Board of Directors. Jonathan Waymire,...
ABOUT THE MAGAZINE
Santa Clarita Magazine has set a high standard for excellence in advertising for over 29 years. A family owned and operated business, Santa Clarita Magazine has grown with the Santa Clarita Valley since 1990 and become the #1 place to advertise locally.