Bookmark and Share

Congress Weighing Tax-Free Disability Savings Accounts

Date Released: 
Fri, 08/22/2014

Congress Weighing Tax-Free Disability Savings Accounts

A long-stagnant bill that would establish a new way for people with disabilities to save money without jeopardizing their government benefits is starting to make its way through Congress.

The legislation known as the Achieving a Better Life Experience, or ABLE, Act would allow people with disabilities to create special accounts where they could save up to $100,000 without risking eligibility for benefits like Social Security. What’s more, under the plan, individuals would not lose Medicaid coverage no matter how much money is deposited in the proposed accounts.

Pages

Department of Insurance, Securities and Banking

DISB logo
Office Hours
Monday to Friday, 8:15 am to 4:45 pm, except District holidays

Connect With Us
810 First Street, NE, Suite 701, Washington, DC 20002
Phone: (202) 727-8000
Fax: (202) 535-1196
TTY: 711
Email:disb@dc.gov

Agency Performance

Latest News

Grade Your Government

Grade DC

Provide feedback on DC agencies.