The country’s largest independent ABLE program celebrates its second anniversary.
RICHMOND, Va.—In just two years, 5,000 Americans with disabilities have opened an ABLEnow account. These customers, representing all 50 states, have collectively contributed almost $20 million to their accounts – building assets for today’s needs and investing for tomorrow. For many, this is the first time they’ve been able to save money without impacting their eligibility for benefits critical to their health and well-being.
“It’s an honor to help so many achieve a level of financial independence that they could not experience before ABLEnow,” said Mary Morris, CEO of Virginia529. “Our Virginia-sponsored ABLE program has become one of the country’s leading ABLE options. With the help of advocates and partners in the disability community, we look forward to continued growth as we help thousands more dream, save and achieve with an ABLEnow account.”
Virginia was among the first states to offer a national ABLE program when ABLEnow launched in December 2016. These simple, affordable and tax-advantaged accounts allow eligible individuals to save up to $15,000 a year without endangering eligibility for certain means-tested benefit programs such as Medicaid and Supplemental Security Income (SSI).
To spread the word about this transformative tool for financial independence, ABLEnow invites customers to become ABLEnow Ambassadors and share how the program is making an impact in their lives. Millions of eligible Americans with disabilities have not yet opened an ABLE account, and may not even know about this important financial tool. To help raise awareness and become an ABLEnow Ambassador, visit able-now.com/ambassadors.
To learn more and open an ABLEnow account, visit able-now.com.
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ABLEnow® is a national ABLE savings program for eligible Americans living with disabilities. Since its launch in December 2016, ABLEnow has grown to be the country’s largest independent ABLE program, with accounts in all 50 states. Call 1-844-NOW-ABLE or visit able-now.com to obtain information on the program. ABLEnow is administered by Virginia College Savings Plan.
We encourage you to seek the advice of a professional concerning any financial, tax, legal, federal or state benefit implications related to opening and maintaining an ABLE account. Participating in these programs involve investment risk including the possible loss of principal. For non-Virginia residents: other states may sponsor an ABLE plan offering state tax or other benefits not available through Virginia529’s programs. ©2018 Virginia College Savings Plan. All Rights Reserved.