Post by Logan on Dec 27, 2016 23:24:23 GMT -6
The state of Alaska has launched a new program installed by legislation pushed by Rep. Dan Saddler, R-Eagle River, in last year’s Legislative session.
The Alaska ABLE Plan, which allows people to invest money on behalf of young disabled Alaskans, opened Thursday.
Before the plan’s start, disabled Alaskans faced strict limits on the amount they could save. Those who saved more than $2,000 risked having their federal benefits revoked or reduced.
The intent of the program is to allow friends and family to set aside money to care for a disabled youth after age or death prevent the parents themselves from caring for the child.
Read more: juneauempire.com/state/2016-12-27/state-helps-disabled-new-program
The Alaska ABLE Plan, which allows people to invest money on behalf of young disabled Alaskans, opened Thursday.
Before the plan’s start, disabled Alaskans faced strict limits on the amount they could save. Those who saved more than $2,000 risked having their federal benefits revoked or reduced.
The intent of the program is to allow friends and family to set aside money to care for a disabled youth after age or death prevent the parents themselves from caring for the child.
Read more: juneauempire.com/state/2016-12-27/state-helps-disabled-new-program