You will lose your benefits if you have an Illinois ABLE account?
What Disability Expenses Do You Want to Save For?
As an Illinois ABLE account owner, you can select from six investment options based on your needs and goals, in addition to an optional checking account. Your Illinois ABLE account gives you the flexibility to select the option that makes the most sense to you. The ABLE checking account option can be used for ongoing expenses that require easy access to funds, such as weekly therapy appointments.
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Three Ways an Illinois ABLE Account Can Help You Build Your Independence
An Illinois ABLE account means greater independence for people with disabilities. How?
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What Can You Do With Your Illinois ABLE Account?
Invest in your future and save up to $100,000 without losing your SSI monthly benefits. With Illinois ABLE, you can save and invest your own money. You can pay for the expenses that are part of living with a disability. That includes things like taking lessons to learn a new skill. If you work, you can save money from your job without worrying about the $2000 asset limit. Most importantly, with Illinois ABLE you can gain some control and independence for your life! For more information, or to enroll, visit IllinoisABLE.com.
Graduate Dreams Big with ABLE
It’s graduation season! ABLE account owner Tim shares his plans and dreams after graduating in May from Edgewood College and the Cutting-Edge Program in Madison, Wisconsin.
Mom and Daughter Find Comfort with ABLE
Many people have asked, “Why should I open an ABLE account?” Instead of hearing the answer from us at the State Treasurer’s Office, we went straight to Illinois ABLE account owner Julia, and her mom Janet.
True or False? (From a Reader)
I cannot open an ABLE account if I am older than age 26.
True or False?
I can only open an ABLE account in the state where I live.
Do You Qualify for ABLE? Tips to Get the Most Out of “A Better Life Experience” Accounts
If the symptoms of your disability were present before age 26 and your disability meets the definition of used by the Social Security Administration, you qualify to open an ABLE Account. If your disability was diagnosed after 26 but you have a written certification from a physician that it was present before age 26, you qualify to open an ABLE account.
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Investing in Myself – An ABLE Account Owner Speaks Out
Wendy Settles is a young professional who works as a housing specialist for Impact Center for Independent Living in Alton, IL. She helps individuals with disabilities get out of nursing homes and into integrated community living. Wendy opened her ABLE account about a year ago.
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