SPRINGFIELD, Ill. (WICS) — Illinois Treasurer Michale Frerichs talked about a program that would improve the lives of children with disabilities on Tuesday.
Illinois Achieving a Better Life Experience (ABLE) focuses on people with disabilities and teaches them how to build their financial wellness.
Through the program, individuals with disabilities can save and invest for disability-related expenses without losing eligibility for federal public benefits.
"That's very important that's even more important is right now if you put money in an able saving account you can put up to 100,000 dollars without losing federal benefits," Frerichs said.
Right now, a person with a disability can't have more than $2,000 in benefits without losing their government benefit.