True Link Financial Inc has been selected as the program manager for the ABLE Act programs in 12 states – Arizona, Georgia, Kentucky, Missouri, New Hampshire, New Mexico, Ohio, Oklahoma, South Carolina, Vermont, West Virginia, and Wyoming – it announces.
True Link is a financial firm that delivers banking and investment services for people with disabilities, as well as individuals with Alzheimer’s and dementia, mental health conditions, special needs, and people in recovery from addiction.
ABLE Act accounts are checking, savings, and investment accounts used by people with disabilities to invest tax-free for their future and to spend their money without jeopardizing eligibility for Medicaid and other programs.
STABLE, an Ohio-led consortium of 12 states, was reportedly the first-established ABLE program in the United States. Currently, it reportedly has the most participants and assets under management of any ABLE program nationally and is used by individuals in all 50 states.
“The ability to spend, save, and protect your money is critical to any person’s independence and autonomy,” said True Link CEO Kai Stinchcombe. “We’re proud to play a role in providing high-quality financial services to the growing number of people served by ABLE programs and in introducing the STABLE plan to our many existing customers in Ohio and beyond.”
— True Link CEO Kai Stinchcombe
[Source(s): True Link Financial Inc, PR Newswire]