Is there a way I can save money while on SSI/SSDI?

You might qualify for an ABLE Account if you were “disabled” before age 26.

• This helps with Asset Test not Income Test for benefits
• Money transferred to ABLE Accounts does not interfere with Medicaid and SSI
• ABLE Accounts can be used for Qualified Disability Expenses
• The accounts have a general contribution limit of $16,000/year
• If you work, you can transfer wages up to the Federal Poverty Level ($13,590 in 2022) in addition to the general contribution limit

Additional Resources

• Information on fibrous dysplasia and McCune-Albright syndrome 
• Watch FD/MAS Alliance videos about Federal Disability Benefit Programs
• Learn the difference between SSI and SSDI
• Find your local social security office in this directory Social Security Disability Website
• AARP Social Security Resource Center/Disability Benefits
• Slides from Disability Benefits 101
• Slides for Disability Benefits 102: Working While on Benefits
• Benefits Planning Calendar (per slide 34 of Disability Benefits 102)

FD/MAS Alliance is a recipient of the Financial Advocacy in RARE Impact Grant sponsored by Global Genes.  Thanks to this award, FD/MAS Financial Literacy 101 is made possible.  We thank Michael Beloff, CFP®, ChSNC® Belvedere Wealth Partners, for donating his time and financial expertise and Caroline Fuchs, CAE, for contributing her time, communications, and digital strategy expertise to the FD/MAS community for this resource.