Watch how he “Makes It Happen with His IL ABLE Account”
Receiving public benefits shouldn’t be a barrier to working. Check out Michael’s story: he works and maintains his benefits while saving money with his IL ABLE Account.
IL ABLE & Public Benefits
Resources for understanding how IL ABLE Accounts and public benefits programs work together.
How does owning an IL ABLE Account affect eligibility for federal benefits? That is one of our most frequently asked questions! The good news is that people who are currently receiving federal benefits, or who may receive them in the future, can build savings with an IL ABLE Account and maintain eligibility for federal means-tested programs such as Supplemental Security Income and Medicaid. The following resources provide guidance on how an IL ABLE Account and public benefits programs work together.
Special Olympics Illinois & IL ABLE partner to help families
This Athlete and Global Messenger is Building Physical & Financial Wellness On and Off the Field
When 21-year-old Special Olympics Illinois (SOILL) Global Messenger Michael Williams collaborated on an Autism Awareness Month video, he was filling pandemic time to build communications skills while waiting to return to in-person SOILL competition. “Michael is not as interested in the virtual activities, so he is looking forward to entering more Special Olympics events in-person,” said Dawn Williams, Michael’s mom, and coach of several of Michael’s teams.
Read More “Special Olympics Illinois & IL ABLE partner to help families”
Are You Wondering How this year’s Stimulus Payment Could Affect SSI Benefits?
An IL ABLE account can take away the worry of where to place a Stimulus Payment to protect SSI Benefits and provide flexibility.
Many people with disabilities received a Stimulus Payment this year (also known as an Economic Impact Payment) and are worried about how unspent funds might affect SSI Benefits.
Read More “Are You Wondering How this year’s Stimulus Payment Could Affect SSI Benefits?”
Are You Wondering about HUD and ABLE Accounts?
ABLE Accounts do not impact HUD Benefits
Many of you have been afraid to open an Illinois ABLE account out of fear that you will lose your Section-8 housing or other benefits. You wanted to wait until you heard from HUD before enrolling in ABLE. Wait no more!
True of False?
You will lose your benefits if you have an Illinois ABLE account?