By Curtis Loftis, state treasurer | August is ABLE to Save Month (#ABLEtoSave), a national grassroots initiative of the ABLE National Resource Center, designed to educate the public about ABLE accounts. The campaign not only brings attention to this important savings resource, but it also demonstrates a positive step towards levelling the financial playing field for the disability community.

Living with a disability can significantly add to the financial pressure families live with every day, especially when families cannot save money for fear of losing eligibility for important benefits like Supplemental Security Income and Medicaid. Only a few years ago, individuals with disabilities and their families were faced with this impossible financial dilemma: sacrifice saving for the future or lose vital public benefits. As it stood, if individuals with disabilities had more than $2,000 in financial resources, they risked losing means-tested benefits they often relied on for income, health care, food and housing.