From Robert Farrington, writing for the Washington Post:
Living with a disability comes with all kinds of challenges, but the financial impact of being unable to work can be absolutely devastating. Imagine not being able to support yourself due to your disability, but also not being able to save money so you can continue qualifying for government aid including Supplemental Security Income (SSI).
To qualify for SSI, your countable resources must not be worth more than $2,000 for an individual or $3,000 for a couple. No matter how you cut it, that’s not very much.
This situation creates a kind of forced poverty for many individuals with a disability and the family members who care for them. But many experts say that the 529 ABLE Account, which was first introduced in 2014, can help curb this ongoing problem. ...
Contribution limits are extremely generous. With a 529 ABLE Account, individuals with disabilities are able to save up to $15,000 per year in 2019. On top of that, a designated beneficiary who works can contribute their income up to the poverty line for a one-person household, notes the IRS. ...SSI income and resources rules are barbaric so we create a loophole so the well to do can help their disabled family members. I've got a better idea. Why don't we just make the SSI income and resource rules less barbaric so every family can benefit! I think the illustration that the Post picked for this column -- a pretty blonde girl who's a double amputee -- pretty much sums up what's going on with ABLE.