Maryland ABLE News, October 2017
A Better Life. Experienced.
 New Partnership = 2017 Launch
On September 6th, the Maryland Board of Public Works and the Maryland 529 Board approved an intergovernmental purchasing agreement through the State of Oregon with Sumday Administration, LLC. Set to launch by the end of 2017, this newly established partnership places Maryland among a select group of states offering ABLE plans across the nation.
"This innovative program allows for our fellow citizens with disabilities to save their own money and plan for their future. Under the Maryland ABLE program, Marylanders with disabilities can create assets without jeopardizing their federal disability benefits. The ABLE program is a shining example of how, by working together, we can change Maryland for the better."
-Governor Larry Hogan-
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Maryland ABLE Snapshot
- Offering a state income tax deduction up to $2,500 for contributors, per tax year.
- Partnering with State of Oregon and Sumday Administration, LLC, a subsidiary of BNY Mellon.
- Opening for enrollment at the end of November.
Follow us on Facebook & Twitter as we unroll details leading up to our November launch!
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CMS Guidance on ABLE and Medicaid
Centers for Medicare and Medicaid Services has released a memo to provide guidance on ABLE accounts to all state Medicaid offices. This memo outlines how ABLE accounts will interface with Medicaid services.
Maryland ABLE will be meeting with Maryland Medicaid offices to review this memo and ensure that information regarding these two programs is consistent.
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 In The Community
Don't miss us at any of these
upcoming events!
Howard County Transition Fair & Career Expo - Columbia, 5pm-8pm, October 4th
Transitioning Youth Resource Fair - Rockville, 10am-1pm, October 14th
Itineris Parent Speaker Series - Baltimore, 6:30pm-8pm, October 17th
Kennedy Krieger Wellness Fair - Baltimore, 10am-4pm, October 25th
National Alliance on Mental Illness (NAMI) Annual Conference - Towson, October 27-28th
Chesapeake Down Syndrome Buddy Walk - Baltimore, October 29th
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FAQ Corner
Who can contribute to an ABLE account?
Friends, family, and employers can make contributions to your account, up to the $14,000 yearly maximum, to help you reach your goals for the account. Gifting forms and online gifting are two ways in which someone can gift an ABLE account. And for Maryland residents contributing to a Maryland ABLE account, a state income tax deduction of up to $2,500 will be available.
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