Disability Savings Accounts

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    The structure of the services index and definitions of the terms contained herein were orginally published in A Taxonomy of Human Services: A Conceptual Framework with Standardized Terminology and Definitions for the Field by the Information and Refferal Federation of Los Angeles County, Inc., 3035 Tyler Ave, El Monte, CA 91731; Copyright (c) 1983, 1987, 1991. No part of there listing of human service terms and definitions may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electrical, mechanical, photocopying, recording or otherwise without the prior written permission of the Information and Referral Federation of Los Angeles County, Inc.

    Taxonomy Code: TB-0700.2100-178

    Programs that provide opportunities for people with disabilities to establish special accounts where they can save money to pay for education, health care, transportation, housing and other expenses. Individuals can deposit up to $14,000 annually under current gift-tax limitations and accrue as much as $100,000 without risking their eligibility Social Security and other government benefits. People with disabilities can also retain Medicaid coverage no matter how much is deposited.

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    Service NameDescriptionLocationProgramAgency
    Savings Plans for Individuals with Disabilities - Colorado Department of the TreasuryColorado ABLE offers savings plans for individuals with disabilities while preserving eligibility for SSI and Medicaid benefits.Out of StateColorado Department of the TreasuryColorado Department of the Treasury

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