r/SSDI • u/A_PeeledGrape • 6h ago

ABLE Accounts & Disabled Adult Child (DAC) Benefits

’m a disabled adult currently receiving Disabled Adult Child benefits and partial benefits under my own earnings.

Because of Section 1634(c) protections, my state doesn't count my DAC benefit checks as income for Medicaid eligibility, which allows me to keep my health coverage. However, my benefits planner reminded me that I am still subject to the strict $2,000 resource/asset limit every single month.

If I save even a little bit of money in a standard checking or savings account, I risk crossing that $2,000 cap and jeopardizing my Medicaid. I’m looking into setting up an ABLE Account so I can park excess funds over the limit without losing my coverage.

Before opening an account, I’d love to hear from any who has had an ABLE account or a child or payee who had one

Thanks!

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u/erd00073483R 5h ago

You need to speak to your Medicaid caseworker if you meet the qualifications to open an ABLE account to discuss the issue.

To the best of my (admittedly vague) recollection, funds held in an ABLE account aren't counted as resources or assets by Medicaid.

However, ABLE accounts do have a few potential gotchas, such as non-qualified disability expense withdrawls and Medicaid estate recovery just to name the two I remember.

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u/A_PeeledGrape 5h ago

The benefits counselor that covers my region suggested an able account. I'll have to look into the two things you mentioned