The Achieving a Better Life Experience Act (ABLE) of 2013 (S. 313/H.R. 647) was introduced in February 2013 in the 113th Congress (2013-2014 Congressional cycle).
Under current law, people with disabilities receiving federal benefits cannot have more than $2,000 in assets and must have a very low monthly income. The ABLE Act will give individuals with disabilities and their families the ability to save for their child’s future just like every other American family. The ABLE Act will help people with disabilities live full, productive lives in their communities without losing benefits provided through private insurances, the Medicaid program, the supplemental security income program, the beneficiary’s employment, and other sources.