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Qualifying Disability-Related Expenses for ABLE Accounts
So I’m new to the world of ABLE accounts and am trying to figure everything out. I know we can only spend what’s in the account on certain things, or qualifying disability-related expenses, but how technical can I get here? QDE’s are stated as:
“A qualified disability expense (QDE) is any expense related to the account owner’s blindness or disability that assists them in increasing and/or maintaining their health, independence and/or quality of life.“
So, for example, I need snow tires on my wheelchair-accessible van which essentially impacts my quality of life. Does something like this count or am I stretching? How do you determine these things?
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3 Replies
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First, I’m not an expert on ABLE program. To be honest, I don’t think there will be a lawyer on each case asking for the reasons for each withdrawal. I don’t see SSI making a big deal as long as you keep the receipts and the spending is somehow improving your QoL.
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Thanks Tom!
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Essentially anything can be justified, since they allow for anything that betters your life. Tires on your van is a complete non-issue, since you need the van to get to doctors’ appointments. But you really can do almost anything if you can say how it improves your life. Example: going on vacation.
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