ABLE TN is the new state program that offers families and individuals new options to fund expenses incurred by disabled individuals.
As described on their website:
"ABLE TN will encourage and assist individuals and families to save private funds to support individuals with disabilities by offering tax-advantaged investment plans for disabled individuals to pay for expenses including, but not limited to: education, housing, transportation, employment training and support, assistive technology, personal support services, and funeral and burial expenses.
The private funds saved through ABLE TN will supplement benefits provided through private insurance, Medicaid benefits, Supplemental Social Security Income and the account beneficiary’s income, as well as any other sources."
Make sure to check out the FAQ at ABLETN.gov to see if you could able to benefit from this new program.
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