Oregon ABLE Accounts Coming Soon

ABLE accounts are coming soon to Oregon! Oregonians will be able to establish Oregon Able Savings Plan Accounts in early December 2016. Make sure to take a look at the Oregon Able Saving Plan website at http://oregonablesavings.com/ and the Oregon 529 Network Page here. Sign up with them to receive more information as the program is rolled out. More background information about the ABLE act can also be found on the ABLE National Resource Center's website here. ABLE accounts are going to go a long way towards helping empower people with disabilities by allowing them to save and receive money without losing their needed means-tested public benefits (Medicaid; SSI; SNAP; Section 8). An ABLE acc

If Your Child Receives SSI and Is Turning 18, It's Time to Talk to Your Special Needs Planner

If your child receives Supplemental Security Income (SSI) benefits and is going to turn 18, you should talk with your special needs planner about some important changes that could significantly impact your child's SSI benefit. About one in three children who receive SSI lose their benefit when they turn 18 years old. This often happens because the Social Security Administration (SSA) uses a different test to determine disability once a beneficiary turns 18. Prior to age 18, a beneficiary is considered disabled if he has a mental or physical impairment expected to last at least 12 months that results in "marked and severe functional limitations." However, once the beneficiary turns 18, h

ABLE Accounts Now Available in Four States; Three Are Open to Out-of-State Beneficiaries

Two years after the passage of the Achieving a Better Life Experience (ABLE) Act, four states -- Florida, Nebraska, Ohio and Tennessee -– have ABLE plans up and running, and all but Florida allow out-of-state beneficiaries to open accounts. States have been slow to create the appropriate regulations governing ABLE accounts, in part because the IRS and the Social Security Administration took a long time proposing regulations covering them. But now that the federal agencies have finalized their rules, it appears that more states will bring ABLE accounts online. As you can see in this comparison chart, each state currently offering ABLE accounts differs slightly from the others when it com

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Portland, OR 97215

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