The ABLE account was created in 2014 to offer savings options for people utilizing asset protected benefits of Medicaid and SSI. In this session, we will review the programs the ABLE is designed to protect, and review opportunities and questions you should consider when choosing to utilize an ABLE account.
Learning objectives
- Understand the difference between SSI and SSDI and how they are related to Medicare and Medicaid.
- Learn how an ABLE account and Special Needs Trust protects assets for an individual with a disability.
- Understand priorities of the utilization of an ABLE account and a Special Needs Trust.
About your instructor
Liz Yoder studied Speech Language Pathology and Audiology at Loyola College in Maryland. She moved soon after graduation into a supportive group home, where she was a live-in caregiver to four adults with Intellectual and Development Disabilities (IDD). Liz got introduced to the IDD advocate community and became determined to work for families and individuals who were often scared to save or earn too much to disqualify them for government benefits. Liz became a CERTIFIED FINANCIAL PLANNER™ professional to advocate with them. In 2023, Liz founded Dependent Financial Planning. She serves clients across the country, many with high support needs and many with few. Liz knows that these families are often told what they can’t do. Liz works to find a path to what they can.
This course initially aired for financial professionals. It has been edited to suit the needs of direct financial education for disabled individuals and their biological or chosen family members.
DISABILIFINANCE courses are for individual use. To purchase group or organizational access at a bulk discount, contact info@disabilifinance.com.
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