Prior to the passage of the federal Achieving a Better Life Experience (ABLE) Act in 2014, individuals with disabilities were not allowed to “save” or accumulate any more than $2,000 without losing benefits. The Georgia ABLE Plan (STABLE) now allows eligible individuals with disabilities to save and invest up to $15,000 per year without losing benefits such as Medicaid or SSI. Contributions can be made by account owners, family, and friends, and the money can be withdrawn at any time to pay for disability-related expenses.
Please visit and pass along the website for Georgia STABLE: www.georgiastable.com. Here, interested individuals can learn more about the program, take an eligibility quiz, open an account, and contact customer service. You can also access the Georgia STABLE brochure, the Georgia STABLE Fact Sheet, the Georgia STABLE PowerPoint presentation, and other materials. These are all found by clicking on the “Resources” link under “FORMS” at the bottom of the Georgia STABLE website home page.
