| ABLE Accounts Will Be Available to More People Jan 1
 Starting next year, more people will be eligible to open a Colorado ABLE Account! 
 What is an ABLE Account? ABLE Accounts are savings accounts for people with qualifying disabilities that can be used to pay for many types of expenses, including housing, education, transportation, and more. 
 With an ABLE Account, the account holder can contribute a certain amount of money to the account each year. Money in the account does not impact Medicaid eligibility, and the first $100,000 in the account does not count against Supplemental Security Income (SSI) asset limits. In other words, ABLE Accounts allow people with disabilities to save more money without losing SSI or Medicaid! 
 How is eligibility expanding? Currently, to qualify, a person’s disability must have started before the age of 26. But beginning January 1, anyone who has a qualifying disability that started before age 46 will be eligible, opening this resource up to more people. 
 How do I open an ABLE Account? You can start by learning more about the application and checking your eligibility. Click here to read more. |