$1 M invested in MiABLE, helping build self-determined, independent lives in MI
Michigan’s MiABLE disability savings program launched on Nov. 1, 2016, giving Michiganders with disabilities (and their families) the opportunity to save for the future without risking any disability benefits.
It’s only been a few months, but nearly 450 accounts have been created and the amount invested just crossed the $1 million threshold. This is great news because this ABLE accounts promote self-sufficiency and provide families with options many have never had before. In the past, people with disabilities had to make a choice between saving for the future and keeping their disability benefits. This unfortunate choice kept too many people from living independent, self-determined lives.
That all changed last year when the MiABLE saving program was launched, allowing people with developmental and intellectual disabilities save more money without fear of losing benefits. Now families can save up to $100,000 to use for disability-related expenses.
LANSING, Mich. (WOOD) - Michigan became only the fifth state in the country Tuesday to launch a savings plan for those…woodtv.com
For more information or to sign up for the MiABLE program, visit miABLE.org or check out the video below.