The ABLE National Resource Center (ABLE NRC) launches its 2020 #ABLEtoSave campaign, a month-long grassroots education and informational campaign about Achieving a Better Life Experience (ABLE) accounts for people with disabilities.
#ABLEtoSave aims to increase awareness about ABLE accounts and to accelerate the number of eligible individuals with disabilities who are opening, saving and investing in ABLE accounts across the country. The ABLE National Resource Center is founded and managed by the National Disability Institute, according to a media release from the ABLE National Resource Center.
“#ABLEtoSave month is an opportunity for the eight million eligible people with disabilities, and their family members and supporters, to learn how ABLE accounts can improve their quality of life through increased financial stability. This year’s campaign will include an ABLE to Save podcast series featuring leaders in the public and private sectors, as well as ABLE account owners and their family members discussing how ABLE accounts are an effective savings tool to help meet the short- and long-term savings goals of people with disabilities.
“During the COVID-19 pandemic, ABLE accounts offer people with disabilities and their families the opportunity to build a financial resource and exercise financial flexibility when many programs and services they count on are being cut or reduced.”
— Miranda Kennedy, Director, ABLE National Resource Center
Scavenger Hunt Offers Gift Cards to Winners
A new activity for this year is an online #ABLEtoSave Scavenger Hunt, which will give participants the opportunity to win ABLE account gift cards each Monday, Wednesday and Friday, from August 3 through August 28. Clues will be given on the ABLE NRC Facebook and Twitter accounts, with the answers to be found on the ABLE NRC website.
Correct answers will be entered into a drawing and three winners will be chosen on each day of the #ABLEtoSave Scavenger Hunt. For more information, visit the #ABLEtoSave Campaign webpage.
Throughout the month of August, ABLE NRC will provide sample messaging, social media posts and other resources to all campaign participants. An #ABLEtoSave Toolkit is available that includes a logo, sample social media posts and additional outreach materials.
ABLE accounts are tax-advantaged savings accounts that have the potential to significantly increase the independence and quality of life of individuals with disabilities. This includes both individuals with disabilities who receive public benefits and those who do not receive public benefits. ABLE accounts will not jeopardize benefits such as Medicaid, Supplemental Security Income (SSI) and many other benefits.
Since the passage of the Stephen Beck, Jr. Achieving a Better Life Experience Act in December 2014, 44 ABLE programs have launched (many of which are nationwide programs). As of the end of March 2020, more than 63,000 individuals with disabilities from across the country have opened ABLE accounts and more than $380 million is under management in those accounts. The average savings in an ABLE account is more than $6,000, per the release.
[Source(s): ABLE National Resource Center, PR Newswire]
#ABLEtoSave Campaign for 2019 Launches in August
#ABLEtoSave Contest in July to Award Cash Prizes to the Best Video
Disability Expenses Savings Plan, ABLEAmerica, Launched by American Funds