Download Achieving Financial Independence with Ticket to Work and an ABLE Account PDF

TitleAchieving Financial Independence with Ticket to Work and an ABLE Account
LanguageEnglish
File Size972.8 KB
Total Pages53
Table of Contents
                            Achieving Financial Independence with Ticket to Work and an ABLE Account
	Accessing Today’s Webinar
	Webinar Accessibility
		Captioning
		Questions and Answers (Q&A)
		Technical Assistance
		Agenda
		Topics
	What is the American Dream?
		Achieving the American Dream
	ABLE Accounts
		What is ABLE?
		Who Is Eligible for an ABLE Account?
		What Is a Disability Certification?
		ABLE Basics
		Using ABLE Account Funds
		Qualified Expenses Related to Employment
		Qualified Disability Expenses
		Additional Examples of Qualified Disability Expenses
	ABLE Accounts and Federal Benefits
		How Does ABLE Affect Your SSI?
		How Does ABLE Affect Medicaid Eligibility?
		What Happens to ABLE Funds Upon the Death of a Beneficiary?
		How Does ABLE Affect SNAP Eligibility?
		Tax Treatment of ABLE Accounts
		How Do ABLE Accounts Differ from Special Needs Trusts?
		What Money Can I Save in My ABLE Account?
	Changes to ABLE in 2018
		ABLE to Work Act
		Other Significant 2018 Changes
		Choosing an ABLE Program
		How Do I Set up an ABLE Account?
		ABLE National Resource Center
	The Ticket to Work Program
		What is the Ticket to Work Program?
		Why Should You Choose Work?
		Starting the Journey: Ticket to Work Can Help
		Taking the Next Step
	Tying It All Together: ABLE, Employment, Social Security’s Ticket to Work Program, and YOU!
		Start Your Journey
		Tying It All Together!
	Resources
		Find Help Tool
		Resources:
		Get Started!
		Join Us for Our Next WISE Webinar!
	Questions?
		Tell Us What You Think!
                        
Document Text Contents
Page 1

Achieving Financial Independence with
Ticket to Work and an ABLE Account

Date: Wednesday, March 21, 2018
Time: 3 – 4:30 p.m. ET

Page 2

Accessing Today’s Webinar

• You can manage your audio using the audio option at the top of
your screen. It will look like a microphone or telephone icon.

• All attendees will be muted and we encourage you to attend by
choosing “listen only” from the audio menu. This will enable the
sound to be broadcast through your computer, so please make
sure your speakers are turned on or your headphones are
plugged in.

2

Page 26

How Does ABLE Affect Medicaid Eligibility?

• ABLE assets are disregarded in determining Medicaid eligibility.
• ABLE assets supplement, rather than replace, benefits and services.

• They may cover gaps in services and supports, enabling some people
to maintain Medicaid coverage while saving for future expenses.

• If you receive SSI, Medicaid benefits are not suspended if your ABLE
account balance exceeds $100,000 (that is only applicable to the
SSI monthly benefit).

26

Page 27

What Happens to ABLE Funds Upon the Death of a
Beneficiary?

Medicaid:

• If there are funds in an ABLE account when a beneficiary dies, the
funds can be used to reimburse a state for Medicaid payments
made on behalf of the beneficiary, after the creation of the ABLE
account.

• The state has to file a claim for those funds but isn’t required to do
so.

• In this instance, the state is considered a creditor, not a
beneficiary, of the ABLE account.

27

Page 52

Questions?

52

Page 53

Tell Us What You Think!

Please remember to take our webinar survey!

A link will pop up after the webinar, or visit:
choosework.ssa.gov/surveys/wise.

53

https://choosework.ssa.gov/surveys/wise

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