Florida Agency for Persons with Disabilities

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Florida ABLE Savings Program Begins July 1

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Soon people with disabilities in Florida will be able to have tax-free savings accounts to help pay for services needed in the future, through the Florida ABLE Savings Program. This would be in addition to services the individual might be receiving through the Medicaid program, including iBudget Florida, the supplemental security income program, insurance coverage, the beneficiary’s employment, and other sources. An ABLE account can fund a variety of essential expenses including medical and dental care, education, transportation, community-based supports, employment training, assistive technology, and housing. Money saved in an ABLE account will not count against an individual’s eligibility for any federal benefits program. The Florida ABLE Savings Program starts on July 1, 2016. Visit myablesavings.com for more information.


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