ABLE Accounts, also known as a 529A account, is a tax advantage savings account designed to help individuals with disabilities and their save for disability-related expenses. These accounts allow for tax-free growth and withdrawals when used on qualified disability related expenses.
SPECIAL NEEDS TRUSTS are designed to maintain eligibility for means tested government assistance programs such as Medicare and supplemental security income. Special needs trusts can also create a fund capable of supplementing the services and level of care not provided by Medicare and SSI.