What are stable accounts?
A STABLE Account is an investment account available to eligible individuals with disabilities to: Save your earnings tax-free. Keep your public benefits with no impact on Medicaid benefits and limited impact on SSI benefits. Use a “STABLE Card” for Qualified Disability Expenses.
What is a stable plan?
A: A STABLE Account is an investment account available to eligible individuals with disabilities. ... STABLE Accounts allow individuals with disabilities to save and invest money without losing eligibility for certain public benefits programs, like Medicaid or SSI.
What type of account is a stable account?
Is a stable account the same as an ABLE account?
ABLE Accounts = Financial Security & Freedom
Georgia's recently implemented ABLE program (under the name of STABLE Accounts) is a great a way for individuals with disabilities to save money without losing eligibility for certain public benefits programs, like Medicaid, SSI,* or SSDI.
What is Sumday com?
Sumday is the plan manager for ABLE United and provides the online platform for the ABLE United Account. Sumday is owned by BNY Mellon, one of the world's largest financial institutions, and its core mission is to improve lives through investing.
Is the Oregon College Savings Plan A Good Idea?
The Oregon 529 plan has never been a particularly strong plan. Several states (e.g. Utah, Nevada, Virginia) offer superior plans, with lower fees, better investment options, etc. However, the State of Oregon offers state residents a tax benefit for contributions to the Oregon plan.
Is Sumday a 529 plan?
About Sumday
Through Sumday, BNY Mellon ( opens new window ) helps states administer and grow their 529 college savings, 529A ABLE and other public-sponsored savings plans. It delivers an end-to-end solution for individual end-users, investment advisors, and plan sponsors.
How do I open a stable account?
Be entitled to Social Security Disability Insurance (SSDI) because of their disability; Have a condition listed on the Social Security Administration's List of Compassionate Allowances Conditions; or. Be able to "self-certify" their disability and diagnosis (see details below) when opening a STABLE Account.