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Building Your Assets and Wealth

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    updated December 17, 2024
    Building Your Assets and Wealth

    The Basics

    People who live with disabilities often have less income and fewer assets than the rest of the population. Living on public benefits programs can make it harder to save money, but there are tools available to help you.

    Savings programs like ABLE accounts, Individual Development Accounts (IDAs), and the career development program Plan to Achieve Self-Support (PASS) can help you achieve your goals without risking the public benefits income you live on. You can also take advantage of tax credits and free tax filing help that may save you a lot of money, even if you only have a small amount of taxable income.

    ABLE accounts help you build more assets

    ABLE accounts let people who have disabilities that began before they turned 26 keep money in a special tax-advantaged account. The first $100,000 in an ABLE account does not count against the $2,000 Supplemental Security Income (SSI) resource limit, and none of the money in an ABLE account counts for Medical Assistance.

    Learn more about ABLE accounts.

    Learn more

    MA-EPD

    For people with disabilities who work. No income limit.

    Supplemental Security Income (SSI)

    SSI helps people with disabilities and seniors who have low income and resources.

    Medical Assistance (MA): Overview

    MA is public health coverage. There are different ways to qualify.