ERIE, PA — Pennsylvania’s PA ABLE savings program for people with disabilities has surpassed $200 million in assets, state officials announced Friday, marking continued growth in a program designed to help residents save money without losing access to critical public benefits.
What This Means for You
- Pennsylvanians with disabilities have saved more than $200 million through the PA ABLE program.
- Savings in PA ABLE accounts do not affect eligibility for benefits such as Supplemental Security Income or Medicaid.
- Some employers can offer PA ABLE accounts as a workplace benefit and may qualify for state tax credits.
State Treasurer Stacy Garrity highlighted the milestone during a visit to Community Resources for Independence in Erie, where officials also announced that the nonprofit organization will begin offering PA ABLE accounts as an employee benefit.
PA ABLE—short for Achieving a Better Life Experience—is a tax-advantaged savings program that allows individuals with disabilities and their families to save money for expenses such as housing, food, healthcare, education, and transportation without jeopardizing eligibility for federal benefits like Supplemental Security Income and Medicaid.
“PA ABLE continues to give Pennsylvanians with disabilities greater opportunities to save and plan for the future,” Garrity said. “I’m thrilled that PA ABLE account owners have over $200 million saved for the future.”
Employer Participation Expands
Community Resources for Independence, a nonprofit that provides advocacy and services to help individuals with disabilities live independently, will begin offering PA ABLE as a workplace benefit for employees…