My brother is also disabled and we are considering an able account for him. He gets a small amount of social security but needs to keep his assets below a really small amount (can’t remember exactly, maybe under $2k?) and if he exceeds the limit, he does not get his social security check. Enter the able account is is exempt from the asset test, so he could actually save a little and still get his SS income. There’s more to it, with some Medicare or Medicaid (can’t remwmber which) payback component upon death of the account owner/beneficiary. And then there’s the whole uncertainty of what exactly counts as a qualified expense. Sorry, I think I have more questions than answers... but we are mainly interested in it as a way for him to have some financial security since SS basically doesn’t want him to have any savings.
