PA Treasury Unveils New Website on PA ABLE Savings Account Program

HARRISBURG, Pa., Jan. 12, 2017 /PRNewswire/ -- The PA Treasury has launched a new Achieving a Better Life Experience (ABLE) Savings Program website (www.paable.gov) that provides quick and easy access to essential information on the upcoming program to give individuals with qualified disabilities a tax-free way to save for future disability-related expenses, while maintaining government benefits. The site also has a short quiz to help determine eligibility, a comprehensive Frequently Asked Question section and allows users to sign up to receive updates on the program, including when accounts open for enrollment.

"We are excited to roll out this website so individuals with qualified disabilities and their families can learn about the benefits of PA ABLE accounts and sign up to receive updates on the program launch," said PA Treasurer Timothy A. Reese. "Treasury is working tirelessly to open the program for accounts as quickly as possible and to ensure it provides a simple and secure way to save for qualified disability expenses."

In addition to creating the website, Treasury staff has worked with the state's disabled community to make them aware of the program and get their input on designing a plan that will best meet their needs. Treasury anticipates opening accounts for enrollment within the next few months.

Modeled after college 529 savings accounts, PA ABLE accounts allow eligible individuals with qualifying disabilities and their families to save for housing, education, transportation, medical and other expenses without jeopardizing government benefits. The federal tax-free savings and investment options are offered to encourage individuals with a disability and their families to save private funds to support health, independence and quality of life.

The website has a clean uncluttered design, streamlined functionality and enhanced rich content focused on the PA Treasury's mission to provide excellent service and information on the new PA ABLE program and accounts. Treasury will update the PA ABLE website regularly with news of account openings, investment options and account enrollment. Visitors are encouraged to explore the website and sign up for direct emails from the PA Treasury Department on PA ABLE programming. PA Treasury has also opened an ABLE Call Center at [phone]. Staff is available to answer questions or to obtain more information Monday through Friday, 8 a.m. to 5 p.m. (EST).

Media contact: Debra S. Tingley, APR: [phone] or [e-mail]

The Pennsylvania Treasury is an independent department of state government led by the state treasurer, who is elected every four years. The department's primary duty is to safeguard and manage the state's public funds. It invests state money to generate income on behalf of the citizens of Pennsylvania, reviews and processes payments for state government agencies, and serves as custodian of more than $100 billion in state funds. Key Treasury programs include Unclaimed Property, PA 529 College Savings Program and the Board of Finance and Revenue.

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SOURCE Pennsylvania Treasury