Illinois State Treasurer Michael Frerichs to Present Ways to Save to Statewide Spina Bifida Conference

A $25,000 grant from the Illinois Charitable Trust Stabilization Fund is helping adults with spina bifida to save with ABLE accounts and return to the workforce.

Illinois State Treasurer Michael Frerichs will discuss ABLE accounts and college savings plans at ISBA's July 21, 2018 Statewide Education Conference

The Illinois Spina Bifida Association (ISBA) has received a $25,000 grant from the Illinois Charitable Trust Stabilization Fund for its new ABLE Savers program.  The Illinois ABLE program helps people with disabilities to save while preserving their SSI and Medicaid.  

Illinois ABLE is sponsored by the state of Illinois and administered by the Office of the Illinois State Treasurer.

The Achieving a Better Life Experience Act (ABLE), passed by Congress and signed into law in 2014, allows for people with disabilities and their families to put their money in an ABLE account without counting against their asset limits for federally means-tested benefits.

ISBA's ABLE Savers program promotes workforce development among adults with spina bifida by pairing adults with community social workers to:

  • assess barriers and action steps related to participating in vocational training and employment;
  • increase knowledge about vocational training resources and ABLE accounts; and
  • to facilitate linkages to ABLE accounts and advocates specializing in Medicaid and Supplemental Security Income (SSI).

The ABLE Savers program is available at no cost to all Illinois adults living with spina bifida.