MiABLE Update Fall 2018

Michigan Department of Treasury sent this bulletin at 09/07/2018 09:35 AM EDT

The Michigan Department of Treasury is pleased to announce that the MiABLE 529 Saving/Investment Program has surpassed $6 million in assets. Over 1600 accounts have been opened since MiABLE first began enrollment November 1st, 2016 as the fifth ABLE program in the United States.

 

The ABLE Act allows certain individuals with disabilities to save/invest without jeopardizing eligibility for public benefits like SSI, Medicaid, and SNAP.  Assets in an ABLE account can be used for qualified disability expenses (QDE) including:

  • education  
  • housing  
  • transportation
  • employment training and support
  • assistive technology and personal support services
  • health care, illness prevention, and overall wellness
  • financial management and administrative services
  • legal fees
  • expenses for oversight and monitoring
  • end of life expenses

MiABLE account holders can request debit cards to pay for Qualified Disability Expenses.

 

MiABLE staff have been educating parent groups, disability advocacy organizations, and other potential MiABLE account holders throughout the state.  Request for events can be directed to miable@michigan.gov 

 

Questions about the MiABLE program can be addressed by Customer Service at 844-656-7225

 

Like us on Facebook @MichiganABLE

 

Learn about Outreach events, Open an account or, Contribute/Donate to an opened account at www.miable.org