Tag Archives: ABLE

Will Oklahoma’s STABLE Program Make a Difference for People with Disabilities?

People who depend on the benefits they receive from the Social Security Administration (SSA) often feel that the program limits them. That’s because they can’t save more than $2,000 a year, or else they risk losing their benefits. This has been a problem for Oklahomans with disabilities for many year, but that might be changing. A new state savings program may provide an option to help people with disabilities save money and invest. How Will Oklahoma’s STABLE Program Help People with Disabilities? On May 31st, State Treasurer Ken Miller made an announcement at the State Capitol. He introduced the new STABLE program, which provided tax-advantaged savings accounts to Oklahomans with disabilities. These accounts will allow individuals with disabilities to save up to $15,000 a year without endangering their disability benefits. Before this new program, people with disabilities risked losing eligibility for income, healthcare, food and housing assistance if they saved…
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