This post on Achieving Financial Peace of Mind with a Disability Through ABLEnow is sponsored through ABLEnow, however all thoughts and opinions are my own.
Having a child with a disability always has our family thinking ahead. We wonder about things 5, 10, even 20 years down the road, and while those things are blurry for our family, they’re still important things to think about. As a mom, I always think of the worst- “What will happen to Addie if…” and I go down that rabbit hole. One thing that we definitely have needed to do more research on is some type of saving for Addie for when she is older. If something ever happens to us, we want to be able to make sure she is cared for and loved, which is why it’s perfect timing that I have been able to recently learn about a program called ABLEnow.
For the first time in public policy, the ABLE Act recognized the significant costs that occur when you have a member of the family living with a disability. These costs can include accessible housing and transportation, personal assistance services, assistive technology, and health care that is not covered by insurance or Medicaid. Now these eligible individuals with disabilities and their families can save and invest in an affordable and tax-advantaged ABLEnow account without worrying if their eligibility for certain benefits like Medicaid and SSI will be taken away!
Here’s why I love this so much: ABLEnow is truly empowering those with disabilities to gain more independence and have a better quality of life through financial security. For our family it means being able to put money aside for Addie’s future and not worrying that her Medicaid will be taken away (because I certainly can’t afford a ventilator, nursing, oxygen, every circuit piece to her vent, suction machines, and so so much more). It’s so huge.
ABLEnow is administered by Virginia529, the country’s largest college savings plan, which now has an expanded mission to meet the needs of individuals with disabilities. It is one of the country’s premier ABLE programs and open for national enrollment with accounts in all 50 states. You can go to the ABLEnow website to open and manage your ABLEnow account online.