Important information for those Disabled and receiving SSI or Medicaid
On December 23, 2022, the Consolidated Appropriations Act was signed into law. A notable item in the Omnibus Spending Bill includes An expansion of the onset of the disability eligibility age for Achieving a Better Life Experience (ABLE) accounts from age 26 to age 46. This will make ABLE accounts open to many more disabled persons for them to continue their eligibility for SSI and Medicaid if they are in a situation where they inherit or receive modest amounts of money. They can now put those funds into an ABLE account. Previously you had to be under the age of 26 to establish an ABLE account.Now the age limit for establishing the account has been increased to age 46. Call me for more information.
William Wombacher, your Central Illinois Certified Elder Law Attorney (CELA) and Social Security Disability Specialist. I’ll help you!
Call me at 309-674-8125, visit at www.wombacherlaw.com
Serving Peoria, East Peoria, Peoria Heights, Pekin, Dunlap, Chillicothe, Morton, Washington, Metamora, Canton, Galesburg, Lacon, Henry, Bloomington, Normal and surrounding cities and counties of Peoria, Tazewell, Woodford, Fulton and Knox Counties in Central Illinois.