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Hosts Meghan (Smallwood) and Patrick (Cadigan) discuss ABLE accounts with Kelly Nelson. They talk about how ABLE accounts are a financial tool allowing families to save money for individuals with disabilities without affecting their eligibility for other benefits like Social Security, Supplemental Security Income (SSI), and/or Medicaid. ABLE accounts can hold up to $100,000 without jeopardizing benefits. They also cover how accounts can be opened online, the criteria for qualifying for an account and how ABLE accounts can be used for expenses related to health, independence, and quality of life (including vacations). Join the conversation!

Episode Keywords:
ABLE accounts, disability support, financial stability, personal choice, independence, asset protection, Social Security, SSI benefits, Medicaid, special needs trust, 529 rollover, quality of life, authorized legal representative, eligibility criteria, transition process

Links:
ABLE National Resource Center (site)
Social Security (site)
SSI (site)
Medicaid (site)
ABLE Age Adjustment Act (page)
ALR (Authorized Legal Representative) (page)
Guardianship (page)

Maryland (specific) Links/Supports:
Maryland ABLE.org (site)

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Intro/Outro music by AudioCoffee from Pixabay.
Transition music by Joseph McDade from Transistor.