LIMA, OH (WLIO) - October is National Disability Employment Awareness Month, and Ohio has a program that could help people with disabilities save their hard-earned cash without risking their benefits.
Ohio has a program that could help people with disabilities save their hard-earned cash without risking their benefits.
The Ohio Treasurer's Office offers the STABLE Account and allows people with disabilities to save and invest money without losing their eligibility for programs like Medicaid or supplemental security income. It is not like a checking or savings account, but more like a 401K or college savings account and allows people who qualify to grow their money and to save for long-term disability expenses. It only takes a few minutes to sign up for, and it could be a game changer for people involved.
The Ohio Treasurer's Office offers the STABLE Account and allows people with disabilities to save and invest money.
"If you are a mom or a dad, or a grandmother or a grandfather, and you have someone in your family that you care about, that you love, and you want to see them be more independent, a STABLE Account is a life changer for them. And quite frankly, the Ohio STABLE Account is one of the best in the country. We now have more than 32,000 of these accounts, STABLE Accounts open, up from 9,000 a few years ago. More and more families are gaining the freedom and the self-direction that these accounts can provide," says Robert Sprague, Ohio's Treasurer.
If you would like to know more about the program and learn if you qualify for it, log on to https://stableaccount.com/.
If you would like to know more about the program and learn if you qualify for it, log on to https://stableaccount.com/.
