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- Category: Senator Laura Fine News
SPRINGFIELD – To make it easier for families of individuals with disabilities to provide for their children’s futures, State Senator Laura Fine (D-Glenview) has sponsored legislation that would empower ABLE account holders to protect their assets and designate a beneficiary.
The ABLE Program allows people with disabilities to save for certain expenses without losing their eligibility for programs like SSI and Medicaid. Assets from the account can be used for expenses like education, housing, transportation and health care. Fine wants to make it easier for account holders to name an account beneficiary without legal aid.
“Families who are caring for someone with a disability shouldn’t have to pay a private attorney to protect their hard-earned savings,” said Fine. “We need to make sure that protections are in place for individuals with disabilities who come from low- or middle-income backgrounds.”
Read more: Sen. Fine moves to protect assets of families of individuals with disabilities