What ABLENow Is And Why You Need It Now

by Valerie, Mom Knows It All

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What ABLEnow Is And Why You Need It Now

This is a sponsored post written by me on behalf of ABLEnow. Please note that, as always, any personal opinions reflected in this post are my own and have not been influenced by the sponsor in any way.

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Many parents try to plan and prepare for their child’s future. It’s not uncommon to find parents saving money in an account for major expenses such as college educations, “once in a lifetime” trips, weddings, medical expenses (ie hearing aids) not covered by insurance, and many other reasons. We as parents want our children to have a good quality of life, no matter if they are a young child under our care or an adult. Unfortunately, saving money for a child with a disability has not been a possibility for a family like mine. You see, having too much in savings can impact the eligibility of people with disabilities in terms of important, much-needed benefits such as Medicaid and Supplemental Security Income (SSI). The introduction of ABLEnow changes that.

What is ABLEnow?

ABLEnow was created in order to provide eligible individuals a savings and investment account that won’t interfere with most disability benefits. This program has come to be as a result of many years of hard work on the part of organizations such as The Arc and NDSS, as well as advocates and family members, addressing the concern that their loved ones would lose essential public benefits simply because someone wanted to help them have a decent quality of life. For the first time, eligible individuals can save and invest in a simple, affordable and tax-advantaged ABLEnow account without jeopardizing their eligibility for certain benefits like Medicaid and SSI.

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ABLEnow empowers people with disabilities to have a better quality of life, including greater financial security. ABLEnow accounts can help cover a number of qualified disability expenses related to health, independence and quality of life. With the ability to have savings put aside for things like housing and living expenses, individuals will feel a greater sense of financial independence.

ABLEnow is one of the country’s leading ABLE programs. While the program is administered by the Commonwealth of Virginia, it is open for national enrollment. This is important to take note of, as not all states have an ABLE program in place yet. No worries! If ABLEnow sounds like it would be a fit for your family you can sign up for now as opposed to waiting for your own state to have a program in place. ABLEnow is growing rapidly and has accounts in all 50 states. This is assuredly partially due to the fact that some customers have reported ABLEnow offers more advantages and affordability than their own state’s ABLE program.

Here’s a brief video on ABLEnow.

ABLEnow Introduction from ABLEnow on Vimeo.

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. Programs like this must follow very specific guidelines. You can find the answers to ABLEnow FAQS on the ABLEnow website. You can also learn more in the ABLE National Resource Center.

c with mom and nana

There is no reason on earth that anyone with any disability should be forced to live like a pauper or have things like health insurance impacted. I am thrilled to learn that with the introduction of ABLEnow the entire country now has access to a much needed program. I have worried for years about how we would help my youngest have a secure future with a good quality of life. The thought of him going without even some of the most basic things just because he couldn’t have a savings account was very concerning. He deserves to have the best quality of life possible. If family wants to try and help him have that then he deserves to be able to have it.

Before ABLEnow, having any significant savings of $2,000 or more wasn’t easily possible without a specific special needs trust, which is very expensive to start and not the simplest thing to fund and manage. I’ve always thought that a program that lets me (and others too!) contribute what I can as I can is greatly needed. It took only four quick and easy questions for me to see that my son appears to be eligible for an ABLEnow account. With a monthly service fee of a nominal $3.25 and with no minimum contribution amount, I feel confident knowing I can save towards his future as we are able. And since anyone can contribute to a loved one’s ABLEnow account, gift ideas are no longer a challenge because contributions make an excellent gift and don’t jeopardize eligibility for crucial disability benefits.

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ABLEnow makes it easy to save and invest in your child’s future at your own pace. Open and manage your ABLEnow account online today!

Is there someone you know that might benefit from an ABLEnow account?

This is a sponsored post written by me on behalf of ABLEnow. Please note that, as always, any personal opinions reflected in this post are my own and have not been influenced by the sponsor in any way.

20 comments

Bill Sweeney December 14, 2017 - 7:43 am

I think AbleNow is a wonderful idea. I think it’s great that you can set money aside for your son, as well as other people can gift it to him. A great benefit!

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Stacie December 14, 2017 - 7:48 am

I am so, so happy to hear this program is available. I’ve often wondered what would happen to those with disabilities when their caregivers are no longer around to help them.

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pat.navymom December 14, 2017 - 11:14 am

The saddest thing about our country’s programs is many legal residents don’t get the benefits while illegals do. Taxpayers should be our priority with medical care similar to Medicare for all and no one ill or disabled should lose benefits because an organization or a person wants to help.

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kim December 14, 2017 - 11:38 am

What a great program. I think AbleNow will help so many families. I don’t know anyone off the top of my head, but will definitely keep this in mind.

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Kristi December 14, 2017 - 4:52 pm

Love to hear about programs like this. Will share this with a couple of families that might not know about it.

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AnnMarie John December 14, 2017 - 6:18 pm

That sounds amazing and is definitely a must! I think it’s awesome that people are offered this kind of opportunity to save money for their future!

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Pam Wattenbarger December 14, 2017 - 6:55 pm

I actually know several people who have benefited from ABLEnow. It’s great for disabled people.

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Rosey December 14, 2017 - 8:12 pm

Restrictions on savings just doesn’t make sense. I’m glad this one makes it easy to participate! The monthly fee is reasonable too (very).

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Kelly Hutchinson December 14, 2017 - 8:31 pm

I just opened an AbleNow account for my son. I love that I can begin saving for his future and will be taken care of.

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Carol Cassara December 14, 2017 - 8:54 pm

What an awesome chance for people to create a savings account for their future. I think it’s really nice that there’s an option like this.

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Maureen December 14, 2017 - 9:15 pm

ABLEnow is a brilliant idea! I have always hated how disability limits can put families into lower income status and it stinks. While I haven’t personally experienced this, a lot of my friends have. I am so happy to hear about ABLEnow!

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Theresa December 14, 2017 - 10:38 pm

This is truly wonderful that AbleNow makes it possible for individuals to save without affecting quality of life. What a wonderful program!

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travel blogger December 14, 2017 - 10:54 pm

This is such a wonderful way to take care of those with disabilities! That is wonderful that it is available in all 50 states too.

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Rach Ferrucci December 14, 2017 - 10:59 pm

This is so awesome. I always thought it was terrible that if you were receiving help you could only have an account with very little money. parents should be able to save for important things without having to worry about losing benefits

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Sara Welch December 15, 2017 - 12:01 am

This is such a wonderful opportunity! I know how benefits can be messed up by things such as a savings account. It’s silly and shouldn’t happen.

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Louise Bishop December 15, 2017 - 12:05 am

Sounds like Ablenow is super useful! I really need to look more into this.

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Annemarie LeBlanc December 15, 2017 - 2:18 am

This is great! I will have to let my friend know about this. She has a granddaughter who is a special needs child, it is a rare disease called Lissencephaly or “smooth brain” syndrome. My friend worries a lot about future care and financial security of her grandchild. AbleNow is such good news for them!

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Toni | Boulder Locavore December 15, 2017 - 3:26 am

This is amazing! I love that there are programs like this! Such an awesome program!

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Marysa December 15, 2017 - 7:43 am

That’s a great program, and it makes me happy to know there are options out there to help people. I can think of some people who could use this. I hope people will spread the word so that those in need can utilize the benefits of the program.

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Shannon Gurnee December 15, 2017 - 1:46 pm

I hadn’t heard of this program before, but it sounds amazing! Your son is growing up fast and looks so happy! Love this!

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