Illinois Achieving a Better Life Experience or IL ABLE accounts give people with disabilities greater financial independence while preserving federal benefits. IL ABLE is a savings and investment plan that makes it possible for people with disabilities and their families to save and invest their money for expenses related to living with a disability. IL ABLE accounts can help solve a long-time predicament that many people with disabilities face: how to build financial wellness without risking federal government benefits like SSI and Medicaid.
During this webinar, participants will learn IL ABLE account basics and how an IL ABLE account can increase the financial independence of many individuals. Topics will include eligibility to own an IL ABLE account and who can open an account, contributing to, saving, and spending with an IL ABLE account, and the benefits of owning an IL ABLE account.