Last Chance Before Election - Help Pass The ABLE Act
In a matter of days, both the U.S. House of Representatives and the U.S. Senate will go out of session for the upcoming election. That means that we have just a few days left to secure Members of Congress as co-sponsors of the Achieving a Better Life Experience Act (ABLE Act).
What is the ABLE Act?
The ABLE Act aims to change the tax code to allow for tax advantaged savings accounts for individuals with disabilities for certain expenses, like education, housing, and transportation. Similar to existing “Section 529” education savings accounts, ABLE accounts would let families save for disability-related expenses on behalf of qualified beneficiaries with disabilities that will supplement, but not replace, benefits provided through the Medicaid program, the Supplemental Security Income program, the beneficiary’s employment, and other sources. If properly managed, funds in the ABLE accounts would not jeopardize eligibility for critical federal benefits. With full understanding of its features, individuals and families could use the ABLE accounts as another tool in planning for the lifetime needs of an individual with long term disabilities.
What Can You Do?
Call your Senator and/or Representative and ask him/her to sign on as a cosponsor. Click on the “take action” link at the top of the page to get started.
- I’m calling to ask you to co-sponsor S. 1872/H.R. 3423, the Achieving a Better Life Experience Act (ABLE Act)
- This bill will change Section 529 of the tax code to allow for savings accounts for individuals with disabilities for certain expenses, like education, housing, and transportation
- This is important legislation to people with intellectual and developmental disabilities across the country and their families
- Please sign on to the bill as soon as possible so that it has the support it needs to pass before the end of the year