Alabama has new Tax Free Savings Plan for disabled

Wednesday, August 9, 2017, Alabama Governor Kay Ivey (R) proclaimed that August is #ABLEtoSave Month in Alabama

State Treasurer Young Boozer (R) announced the Enable Savings Plan Alabama’s participation in #ABLEtoSave Month. Enable Alabama joins the nationwide #ABLEtoSave Month campaign, spearheaded by the ABLE National Resource Center (ANRC), aims to educate individuals with disabilities, their families, financial institutions and the general public about ABLE accounts and the financial independence they provide to the disability community.


Treasurer Boozer said, “It is an honor to join disability organizations and ABLE programs across the country in partnership with the ABLE National Resource Center to promote such a worthy cause.”

Treasurer Boozer said, “The ABLE Act has provided new and exciting opportunities for the disability community and we are proud to celebrate the financial independence they have gained as a result.”

Enable Alabama will promote #ABLEtoSave Month through its blog and Facebook page, addressing themes such as eligibility, qualified disability expenses, financial literacy, and enrollment.

Enable Alabama was launched in February.  It provides tax-free savings accounts to people with disabilities, allowing them to save without affecting their public benefits like Medicaid and Supplemental Security Income (SSI).


Read more at Alabama Political Reporter