New ABLE Account Instructions

April 4, 2018

The Social Security Administration has updated the staff instructions in its POMS manual for Achieving a Better Life Experience (ABLE) accounts. These accounts allow the sheltering of money which would otherwise render a person ineligible for Supplement Security Income (SSI).
The ABLE accounts exist and help people who have money and want to help their disabled relatives get around the ridiculously stringent SSI resource limits. Most disabled people don’t have relatives who can help them in this way.
What is urgently needed are updated resource and income limitations for everyone on SSI. The SSI resource and income limitations contain no cost of living adjustment and haven’t been updated since they were created in the 1970s. They are very stringent and allow people to have extremely minimal assets in order to qualify for SSI benefits.
One Social Security advocate has stated “there is no other issue in the Social Security world, apart from the agency’s operating budget, that’s anywhere near as important as an SSI update” and I cannot disagree.

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