Introduction:

• Overview of ABLE accounts and how they benefit individuals with disabilities.

• Highlight the financial empowerment and community inclusion aspects.

• Feature how organizations / entities can utilize ABLE accounts to support people with disabilities 

• Promote the management and administrative capacity for ABLE accounts by Authorized Organizations and Entities.

 Why Choose ABLE Accounts for Your Clients:

• Financial Freedom: Enable individuals to save money while protecting their eligibility for benefits such as SSI and Medicaid 

• Asset Protection: Safeguard state and federal means-tested benefits

• Flexible Spending: Use funds for various expenses like housing, assistive technology, basic living expenses, and more.

• Investment Options: Available options may include checking and or savings options, and market-based investment options.

• Authorized Legal Representative (ALR) Benefits: Streamlined process for managing accounts, increased oversight, and operational efficiency.

What are Authorized Organizations and Entities

• An Authorized Organization / Entity is any organization that has been approved as a designated account manager and given authority to manage ABLE accounts on behalf of a group of ABLE account holders

• Examples include:

  • Nonprofit: Licensed Residential, Employment and other Service Providers, Representative Payee

  • For-Profit: Representative Payee Services, Guardianship and Conservatorship Services, Licensed Agencies

  • Governmental: Disability & Special Needs Board, Department of Human Services, Department of Child Safety, Representative Payee

How ABLE Accounts Benefit Organizations/Entities:

• Financial Flexibility: Alternative to "spend down" requirements.

• Operational Efficiency: Increased oversight and streamlined management.

• Centralized Management: Access and manage all ABLE accounts from one platform.

Steps to Get Started with ABLE Accounts:

• Enrollment Process: Information about the organization, staff, and beneficiaries; ID verification; document submission.

• Organization

• Entity Enrollment: Consider your home state's program first for incentives or explore nationwide enrollment options.