Wednesday, August 2, 2017

ABLE Accts Part #3: What Can Funds Be Used For?

Understanding What ABLE Funds Can be Used For

Funds in the account can be used to purchase “qualified disability-related expenses.” A “qualified disability expense” is any expense related to the designated beneficiary’s blindness or disability that assists him/her in increasing and/or maintaining their health, independence and/or quality of life. These may include expenses related to education, housing, transportation, employment training and support, assistive technology, personal support services, health care expenses, financial management and administrative services and other expenses.

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