ABLE Accounts for Disabled Individuals

December 30, 2015 | dehs

Achieving a Better Life Experience (“ABLE”) Accounts are tax-advantaged accounts for disabled individuals. Achieving a Better Life Experience (ABLE) Accounts can exclude up to $100,000 from the resources countable by Medicaid for a disabled beneficiary. The Social Security Administration issued POMS (Program Operations Manual System) on ABLE Accounts on December 18, 2015. Click to view. If you have questions on establishing ABLE Accounts for a family member with a disability, please contact Sarah Richardson Larson, P. Daniel Donohue, Matt Van Heuvelen, or Mark Krogstad.

Davenport, Evans, Hurwitz & Smith, LLP, located in Sioux Falls, South Dakota, is one of the state’s largest law firms. The firm’s attorneys provide business and litigation counsel to individuals and corporate clients in a variety of practice areas. For more information about Davenport Evans, visit www.dehs.com.