Assemblymember Irwin Introduces Bill to Help People with Disabilities Save Money for Future Needs
SACRAMENTO – Assemblymember Jacqui Irwin (D-Thousand Oaks) introduced Assembly Bill 449 to help people with disabilities save for the future. AB 449, the Achieving a Better Life Experience (ABLE) Act, allows people with disabilities to open special accounts where they can save without risking eligibility for Social Security and other government programs. ABLE accounts are similar to the widely used 529 education savings plan but would be used for disability related expenses.
“AB 449 provides people with disabilities a path to employment and greater independence and dignity,” said Assemblymember Irwin. “The costs of caring and providing for someone with disabilities can be enormous. This bill will give families and individuals a tool to save money to support the needs of people with disabilities.”