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Library Categories > Fragile X > ADVOCATE SUPPORT FOR LEGISLATION INTRODUCED TO CREATE SAVINGS ACCOUNTS TO PROVIDE FINANCIAL SECURITY FOR INDIVIDUALS WITH DISABILITIES

 
Library Item Name:

ADVOCATE SUPPORT FOR LEGISLATION INTRODUCED TO CREATE SAVINGS ACCOUNTS TO PROVIDE FINANCIAL SECURITY FOR INDIVIDUALS WITH DISABILITIES 		   
Summary Statement:

National Fragile X Foundation Washington Team
ADVOCATE SUPPORT FOR LEGISLATION INTRODUCED TO CREATE SAVINGS ACCOUNTS TO PROVIDE FINANCIAL SECURITY FOR INDIVIDUALS WITH DISABILITIES

A bill has been recently introduced in Congress that would afford families the ability to save for the future. We are extremely grateful to U.S. Congressman Andrew Crenshaw of Florida, who has worked with the intellectual disability community to introduce the Financial Security Accounts for Individuals with Disabilities Act of 2007 (H.R.2370).

We are honored to have the bipartisan support of 38 co-sponsors as of July 13, 2007. To find out if your Member of Congress is a co-sponsor, please review the list which follows this Action Alert.

The Act would provide individuals with disabilities and their families the same opportunity for long-term savings that other Americans now enjoy, but with the flexibility to accommodate the uncertainty and wider range of expenses that life with a disability brings. The money saved in these accounts would not be counted in the determination of eligibility for Social Security or Medicaid benefits. Important aspects of the bill include:

§ Anyone can contribute to the financial security of a loved one;
§ Accounts are to be used for qualified expenses not compensated for by insurance or other sources:

- Educational expenses,
- Medical and dental care,
- Community-based support services,
- Employment training and support,
- Moving,
- Daily subsistence,
- Assistive technology, and
- After the age of 18, housing and transportation expenses;
§ Under the proposal, an individual with a disability is defined as anyone currently receiving supplemental security income benefits under title XVI of the Social Security Act, or an individual that would be eligible for these benefits;
§ Contributions are capped at $500,000.

click here for more info:
http://63.66.87.48/cweb4/index.cfm?orgcode=nfxf&hotissue=13
Submission Date:

08/01/2007by: shannonj
Current rating:


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