Anticipation August August brings our last few weeks of summer vacation before school begins. As we anticipate a new school year, we review the information that will help make this school year a terrific one! In this fifth segment of the series, we investigate recently updated secondary transition resources provided by our Maryland State Department […]
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All About ABLE Accounts
Updated as of January 18, 2024. About ABLE Accounts ABLE stands for Achieving a Better Life Experience. ABLE accounts are specifically designed to allow qualifying individuals with disabilities to save money without losing eligibility for government benefits. ABLE accounts provide an inexpensive and uncomplicated way to save funds for many individuals with disabilities. Before ABLE […]
Updated as of January 18, 2024. Risk of Asset Forfeiture Upon Death – But Not in Maryland In Maryland, this is not an issue, “Under Maryland law, an agency or instrumentality of the State of Maryland may not seek payment from an ABLE account or its proceeds for any amount of medical assistance paid for […]
Updated as of January 18, 2024. Follow this link to set up a Maryland ABLE account online. Alternatively, you may call 1-855-563-2253 or 1-844-888-2253 (TTY) for help setting up a Maryland ABLE account. You’ll need some information: If there is an ALR for a beneficiary over age 18, you’ll also need documentation of Power of […]
Updated as of January 18, 2024. Where Can I Set Up an ABLE Account? Forty-four states, including Maryland, offer ABLE accounts, but you do not need to open an ABLE account in the state you live in. Seventeen states do require that you be a resident in order to set up an ABLE account under […]