$50 match, January webinar and launch of new benefits program are on the horizon




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*FOR IMMEDIATE RELEASE
**January 7, 2024*

*Contact: Ron Leix <[email protected]>, Treasury, 517-335-2167*

*New year brings exciting enhancements and opportunities
** for MiABLE in 2025* [ [link removed] ]

*$50 match, January webinar and launch of new benefits program are on the horizon*

*LANSING —* MiABLE, Michigan’s innovative disability savings program, is gearing up for a transformative year in 2025 with exciting opportunities to further empower individuals with disabilities and their families.

Ringing in the new year with an *account enrollment match up to $50*, a *January webinar* and a *soon-to-be-revealed benefits program* are at the forefront of MiABLE’s efforts to make saving more accessible and impactful.

“We are thrilled about the great things in store for MiABLE account owners and prospective owners in 2025,” said *R. Scott de Varona*, MiABLE program director. “Our program continues to grow, and these new opportunities will further ease the financial burden for people with disabilities while increasing awareness of the life-changing benefits MiABLE offers.”

MiABLE will match up to $50 for new accounts opened during January. The limited-time incentive is designed to encourage families to take the first step toward financial security while raising awareness of MiABLE’s unmatched advantages for people with disabilities.

To help Michiganders learn about the benefits of MiABLE, a *free informational webinar* will take place on *Jan. 15 at 6 p.m.* The hourlong session will cover the basics of MiABLE accounts, including how to open one, eligibility criteria and ways funds can be used for qualified expenses such as housing, transportation and medical care.

Interested participants can register for the webinar online. [ [link removed] ]

*New Benefits Program Coming Soon*

MiABLE is also proud to announce the upcoming launch of an exciting new benefits program in partnership with *Abenity*. This program will provide MiABLE account holders with access to exclusive discounts and perks designed to enhance their quality of life.

Full details will be unveiled in the coming weeks.

*About MiABLE*

Established in 2015, MiABLE is a disability savings program administered by the Michigan Department of Treasury. It stands for Michigan Achieving a Better Life Experience and was designed to help ease the financial burden challenging people with disabilities and their families. MiABLE accounts help people with disabilities save for current and future expenses without jeopardizing government assistance like Medicaid and Supplemental Security Income.

Approximately 500,000 individuals in Michigan are eligible to open MiABLE accounts, but only about 1% of that number are currently enrolled statewide.

In Michigan and nationally, a $2,000 federal asset limit is imposed on people with disabilities who receive government benefits.

MiABLE lets people who became disabled before age 26 save up to $18,000 annually and make their own decisions about how to spend their money on qualified disability expenses related to health and wellness, housing, transportation, employment training, technology and more. Beyond that limit, beneficiaries who are employed can contribute an amount equal to their current-year gross income, up to another $14,580.

MiABLE also allows family members, guardians, powers of attorney and others to open and manage an account on behalf of a person with a disability. Earnings on MiABLE savings grow tax-free, and no federal or state tax is owed on withdrawals used to pay for qualified disability expenses.

Becoming a MiABLE account owner is simple. It generally takes about 15 minutes and requires about the same effort and information as opening a bank account. For more information or to open a MiABLE account online, go to www.MiABLE.org [ [link removed] ].

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This email was sent to [email protected] using GovDelivery Communications Cloud on behalf of: Michigan Department of Treasury · Lansing, MI 48922 · 517-335-7508
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