Governor David Ige on Monday announced the launch of the Achieving a Better Life Experience (Hawaiʻi ABLE) Savings Program, which allows eligible people with disabilities to save money without compromising their federal or state disability benefits.
ABLE accounts are established at the federal level and managed at the state level.
“I encourage all Hawai’i residents with an eligible disability to open a Hawai’i ABLE Savings Account. ABLE provides the tools to achieve financial empowerment and help them prepare for a more independent and secure future, through a simple and intuitive online savings opportunity, ”Governor Ige said.
In 2019, Governor Ige signed Kal’s Law, which allowed people with disabilities to work full-time for minimum wage without losing state or federal benefits. This year, Governor Ige signed a bill that became Law 55, which removes the practice of paying individuals less than the minimum wage based solely on whether the person has a disability.
“For too long, people with disabilities have not been able to save for the future for fear of losing the government benefits they need. The disability community fought long and hard to change this, and together we found a solution, ”said Daintry Bartoldus, executive administrator of the Hawaii State Council for Developmental Disabilities.
Hawaiʻi ABLE said he was proud to be part of the ABLE collaboration and the ABLE for ALL Savings Plan, a national ABLE savings plan administered by the State of Oregon.
“We are delighted that Hawaiʻi is joining the ABLE collaboration. We bring together like-minded states to provide these unique savings opportunities for people with disabilities. They deserve the opportunity to save for their future, ”said David Bell, deputy director of the Oregon Treasury Savings Network.
To ensure savers have access to reliable services and ADA compliant features, the ABLE for ALL Savings Plan is partnered with Sumday Administration LLC, as a member of the program plan manager. Sumday’s intuitive online platform is easy to use and helps people manage their ABLE accounts to make their dreams come true.
For more information, including program eligibility and benefits, visit the Hawaiʻi ABLE Savings Program website at hawaiiablesavings.com.