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ABLE accountsCBS News
•Business
Business & Economics
87% Informative
Achieving a Better Life Experience Act lets people people with disabilities save money beyond the $ 2,000 asset limit that's linked to benefits like Medicaid and Supplemental Security Income.
ABLE accounts have been available since 2016 to those identified by a doctor as having a disability before the age of 26 .
An estimated 8 million people nationwide already qualify.
In 2026 , the age limit for ABLE accounts will rise to 46 .
You can begin educating yourself now about the process of setting up the account.
Family, friends, and organizations may also begin setting money aside with the intention of contributing it to the account as of January 1 .
VR Score
90
Informative language
91
Neutral language
60
Article tone
informal
Language
English
Language complexity
52
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
5
Source diversity
4
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