Autism Speaks co-Founder Bob Wright was a guest on the Dave Ramsey Show, a widely-syndicated radio program. Mr. Wright discussed the The Achieving a Better Life Experience (ABLE) Act which was signed by President Obama and became law on Dec. 19, 2014. The new law allows for families to create tax-free savings accounts for lifetime care of individuals with disabilities. The signing culminated an eight-year campaign to gain approval for tax-free savings accounts to help individuals and families finance their longterm disability needs.
The ABLE Act is built on the foundation of the current 529 Education Savings Plans that help families save for college. The National Disability Institute estimates there are 58 million individuals with disabilities in the United States.
This bill was helped through the support of The National Down Syndrome Society (NDSS) and other advocacy groups. The bill was renamed in honor of Steve Beck, a former Board member of NDSS and driving force behind the bill who died suddenly in early December.
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