Establishing an ABLE Account

If you or a family member are disabled (per social security standards) and the onset of the disability was prior to the age of 26 you may be eligible to set up and fund an ABLE Account. Funds placed into and withdrawn from an ABLE account do not count as resources (or income) for most means-tested federal benefits (SSI; SNAP; Section 8; Long-term care Medicaid) so long as the distributions are for qualified disability expenses. Oregon’s state benefit programs also exempt the ABLE account funds. See OAR 461-145-0000. Info on ABLE generally can be found here: http://www.ablenrc.org/ Oregon's plan can be found here: http://oregonablesavings.com/ A frequent question that comes up is what happens

Law Office of Eric M. Kearney, LLC

4511 SE Hawthorne Blvd. Ste 215

Portland, OR 97215

(503) 205-7051

View my profile:

  • LinkedIn App Icon