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Senate committee forwards bill to establish ABLE savings accounts to help people with disabilities save without losing benefits
Summary
The Senate health committee voted April 22 to forward bill 36‑0035 to Rules & Judiciary. The bill would authorize a Virgin Islands ABLE program to let eligible individuals save tax‑advantaged funds for disability‑related expenses without jeopardizing means‑tested benefits.
The Senate committee on April 22 voted to forward bill 36‑0035, a proposal to implement an ABLE (Achieving a Better Life Experience) savings program in the U.S. Virgin Islands that would allow eligible people with disabilities to accumulate tax‑advantaged savings for qualified disability expenses without automatically losing means‑tested benefits.
Senator Norville E. Francis Jr., the bill sponsor, said the ABLE Act "is about equality and access" and would allow people with disabilities and their families to save for housing, transportation, assistive technology and other qualified expenses without risking eligibility for Medicaid, Supplemental Security Income and other needs‑based programs.
AARP State Director Troy…
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