July 07, 2016

#Florida 's ABLE and Ready - Are You? #DisabilitySavings #ABLEUnited

The following blog post is sponsored by ABLE United through a Bloggin' Mamas campaign.
Y como siempre, as always, opinions stated belong to BB.

Florida ABLE Act  Disability Savings
La Princesa will be able to save for her future now without penalty.
Babushka not want to be part of that?

HolaHolaHola Beautifuls!
BB is so excited to tell you about the newest way we can help our loved ones. As of July 1 of this year, residents of Florida who have been disabled at 26 years or younger now can apply for “The Achieving a Better Life Experience (ABLE) Act, which authorizes states to create tax-free savings accounts for individuals with disabilities.

The ABLE Act
The Stephen Beck, Jr. Achieving a Better Life Experience (ABLE) Act, a federal law enacted in December 2014, authorizes each state to establish a program that offers tax-free savings and investment options to encourage individuals with a disability and their families to save private funds to support health, independence, and quality of life.

Money contributed to an account in one of these programs is generally disregarded when determining eligibility for federal benefit programs, such as Supplemental Security Income (SSI) and Medicaid.

Save up to $14,000 per year – individually or with help from family and friends.”

So what does this mean Beautifuls?  It means children like my granddaughter La Princesa can have a better chance for her future.  Part of the burdens parents of disabled children face is worrying about their child’s mañana, especially when they become adults and are on their own.  The ABLE Act can help alleviate this.  A savings account that can be contributed to by various people (como abuelas) that aren’t held against their current disability income y ayuda.  How wonderful is that?  AND, YA ERA HORA!!!

So who is eligible?

  • Florida Residents
  • Have a qualifying disability with onset before age 26

Qualifying Disabilities-
The Internal Revenue Service categorizes eligible disabilities as follows:

Developmental Disorders:
Autistic Spectrum Disorder, Asperger’s Disorder, Developmental delays and learning disabilities
Intellectual Disability: May be reported as mild, moderate, or severe intellectual disability
Psychiatric Disorders: Schizophrenia, Major depressive disorder, Post-Traumatic Stress Disorder (PTSD), Anorexia Nervosa, Attention Deficit/Hyperactivity Disorder (AD/HD), Bipolar Disorder
Nervous Disorders: Blindness, Deafness, Cerebral Palsy, Muscular Dystrophy, Spina Bifida, Juvenile-onset Huntington’s Disease, Multiple Sclerosis, Severe sensorineural hearing loss,
Congenital cataracts

Congenital Anomalies: Chromosomal abnormalities, including Down Syndrome; Osteogenesis Imperfecta, Xeroderma Pigmentosum, Spinal muscular atrophy, Fragile X Syndrome, Edwards Syndrome

Respiratory Disorders: Cystic Fibrosis
Other: Includes Tetralogy of Fallot, Hypoplastic left heart syndrome, End-stage liver disease, Juvenile-onset rheumatoid arthritis, Sickle cell disease, Hemophilia, and any other disability not listed.

Come pueden ver,, it’s quite a comprehensive list and there are going to be many happy families, starting with Babushka’s!

If you or someone you know could use this program please share it.  


P.S.  Babushka had the distinct pleasure of attending the press conference in the state capitol building in Tallahassee.  Video is posted on my Feibu pagina.  
Bohemian Babushka
Bohemian Babushka

Groovy Spanglish speaking Grandma of 6 who loves life and all its adventures. Motivational while still keeping it real, Babushka shows how all things looked at with gratitude are good, and how to say to la vida- JU SO FONII!!!

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