Oregon ABLE Savings Plan
Key Points: For many years it was nearly impossible for a person with disabilities to save money for their future without risking the loss of his/her social security or any type of financial support. Now with Oregon's Able Savings Plan it is a possibility. The Stephen Beck Jr. Achieving a Better Life Experience ( ABLE ) Act was passed by congress in December of 2014. With this act being put into place eligible people with disabilities are now able to save tax-free without fear of losing benefits.
The webpage goes over how it works, eligibility, benefits, qualified expenses, and also FAQs.
Audience: Anyone who has a disability, works with someone who has a disability, or is related to someone with a disability.
Relevance: It was covered in detail within our Transition course that people with disabilities and their families need to start planning for the future when it comes to financial needs. These financial needs impact all of the important aspects of a person's life who has a disability such as; health coverage and medications, services needed for independence, and even complete independence itself for those individuals. Knowing about this resource is vital to us as future special educators in order to provide information to our students and their families that could change their lives and future for the better!