New savings account aims to help those with disabilities

KOCHVILLE TWP, Mich. (WNEM) - People with disabilities can now enroll in a new program aimed at increasing health, independence, and quality of life.

On Monday at Saginaw Valley State University, the Disability Network of Mid-Michigan announced the MiABLE savings account.

The program allows people to save up to $19,000 a year without jeopardizing eligibility for other programs such as Medicaid and Supplemental Security Income.

“People with disabilities and really anyone receiving Medicaid or public benefits have an asset cap,” said Kelsey Hockaday, associate director of the Disability Network of Mid-Michigan. “The MiABLE program is a savings account where they can contribute money so they can access those healthcare costs without losing benefits or reaching that asset limit.”

The state estimates that up to half a million people across Michigan are eligible.

An ambassador who is enrolled in the program says the MiABLE account is a great tool for people living with disabilities to improve their quality of life.

“I’ve been able to save for a computer, I’ve been able to use the ABLE account for gas money to get to appointments,” Sarah Perez said. “Little things that before were harder to save for and now I can save for, and I’m working now part-time because I was able to get the money enough in my account that I felt secure in taking that chance.”

For more information and to apply, head to the MiABLE website.

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