|By State Rep. Tarah Toohil (R-Luzerne)
A state program designed to help people with qualified disabilities save for future disability-related expenses has more than doubled its assets in just one year, reflecting the high level of popularity and need for this savings option.
Administered by the State Treasury, the PA ABLE program has more than $18.4 million in assets, up from $8.6 million in July 2018. More than 2,500 PA ABLE accounts have been opened since the program launched in 2017.
PA ABLE provides a tax-advantaged way for Pennsylvanians with disabilities and their families to save.
Participation does not jeopardize access to state and federal programs, such as Supplemental Security Income (savings up to $100,000) and Medical Assistance. But it does allow for savings to be used to pay for any qualified disability-related expense including housing, education, health care and assistive technology to improve quality of life.
For more information, visit www.PAABLE.gov
or call 1-855-529-ABLE (2253).
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Representative Tarah Toohil
116th Legislative District
Pennsylvania House of Representatives
Contact: Rep. Toohil’s Office