Progressive Community Services hosts ‘MO ABLE’

ST. JOSEPH, Mo. (News-Press NOW) — Progressive Community Services hosted The Missouri State Treasurers office and Missouri ABLE on Thursday for an informational session on MO ABLE accounts.

MO ABLE is a savings program that aims to help people with disabilities with financial independence and security.

"We need to make sure that everybody can live independently, financially independent life," Missouri State Treasurer Vivek Malek said. "And especially for folks who have a disability, they need to make sure that they are not devoid of their benefits that they're receiving from Social Security and their disability benefits. They also are able to save on the side, besides working for the benefits they are receiving."

ABLE account holders can save and invest financial assets without the risk of losing benefits like Medicaid or SSI.

Any individual can register for an ABLE account if their disability was documented before the age of 26.

The investments accumulated from an MO ABLE account for qualified disability-related expenses which can include housing, transportation, education, and other types of essential living expenses.

The program will be celebrating their eight year anniversary next Thursday, April 24.