STABLE Accounts Allow Those with Disabilities to Save and Invest

On Tuesday, Kentucky State Treasurer Allison Ball announced the beginning of State Treasurer ABLE, or STABLE, accounts, in partnership with Ohio’s STABLE accounts. Treasurer Ball said the Kentucky STABLE accounts will allow individuals with disabilities the opportunity to save and invest without losing eligibility for certain public benefits programs, like Medicaid, SSI, or SSDI. These tax-advantaged savings accounts allow families to set aside money to use on qualified expenses, such as education, healthcare, housing and transportation.