State Comptroller DiNapoli Highlights NY ABLE Program
New York State Comptroller Thomas P. DiNapoli discussed the NY ABLE program at the Developmental Disabilities Alliance of Western New York Transition Conference this past week in Buffalo. The New York Achieving a Better Life Experience (NY ABLE) program gives individuals and families the opportunity to save private funds for loved ones living with disabilities and provides a secure and practical way to save and invest funds without jeopardizing eligibility for many important disability related benefits.
One account per individual is permitted. Anyone can contribute to an individual's NY ABLE account. The maximum net contribution is $14,000 per year and the maximum account balance is $100,000.For more information, including details regarding the terms and conditions of the NY ABLE program, go to mynyable.org or call our toll-free number (1-855-5NY-ABLE) weekdays from 8 AM to 8 PM.