STABLE Kentucky is an initiative launched by Treasurer Allison Ball to promote saving and investing for people with disabilities. STABLE Kentucky allows eligible participants to save money, invest money, and spend money on qualified expenses such as healthcare, education, housing, and transportation – all without affecting participants’ eligibility for benefits programs such as Medicaid and SSI.
Previously, Kentuckians could contribute $14,000 annually to these savings and investment accounts. Starting this year, the contribution limit has increased to $15,000! This means account holders can save an additional $1,000 per year.
To learn more about STABLE Kentucky and how to sign up for an account, visit our website: www.stablekentucky.com