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Government Updates/News Congress Passes New ABLE ACT Dec 17th 2014

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This is new information below from Congress; It’s the ABLE ACT which is important for people with disabilities and  legal care takers of people with disabilities.

CONGRESS PASSES ABLE ACT: MAJOR VICTORY FOR PERSONS WITH DISABILITIES

For first time in nation’s history, federal government recognizes added costs associated to living with a disability 

 

In recognition of this unprecedented legislation, NDI has created a list of 10 items about ABLE accounts that individuals with disabilities and their families should know:

ABLE Accounts: 10 Things You Must Know

  1. What is an ABLE account?

ABLE Accounts, which are tax-advantaged savings accounts for individuals with disabilities and their families, will be created as a result of the passage of the ABLE Act of 2014. Income earned by the accounts would not be taxed. Contributions to the account made by any person (the account beneficiary, family and friends) would not be tax deductible.

  1. Why the need for ABLE accounts?

Millions of individuals with disabilities and their families depend on a wide variety of public benefits for income, health care and food and housing assistance. Eligibility for these public benefits (SSI, SNAP, Medicaid) require meeting a means or resource test that limits eligibility to individuals to report more than $2,000 in cash savings, retirement funds and other items of significant value. To remain eligible for these public benefits, an individual must remain poor. For the first time in public policy, the ABLE Act recognizes the extra and significant costs of living with a disability. These include costs, related to raising a child with significant disabilities or a working age adult with disabilities, for accessible housing and transportation, personal assistance services, assistive technology and health care not covered by insurance, Medicaid or Medicare.

 

For the first time, eligible individuals and families will be allowed to establish ABLE savings accounts that will not affect their eligibility for SSI, Medicaid and other public benefits. The legislation explains further that an ABLE account will, with private savings, “secure funding for disability-related expenses on behalf of designated beneficiaries with disabilities that will supplement, but not supplant, benefits provided through private insurance, Medicaid, SSI, the beneficiary’s employment and other sources.”

 

http://www.realeconomicimpact.org/News.aspx?id=460

 

 

Congress Updates

Myeshi Briley,MS,HS-BCP

President of Spring-Klein Chamber of Commerce

January 31, 2015 |

Spring, TX 2015 Healthcare Options

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We now have options in Spring TX without going far from home. “It get’s better and better everyday to help enrich the Spring-Klein area”. The Houston Chronicle has an amazing story of the options right in our on backyard in Spring, TX. Live, Work, Play is my motto for the Spring-Klein area.  I would like to welcome Dr. Marc Boom, President and CEO of Houston Methodist to Spring-Klein Chamber of Commerce and Mika Roa, spokeswoman for Spring Central Hospital. Once again welcome to Spring-Klein Chamber of Commerce and thank you for your membership.

http://m.chron.com/neighborhood/spring/news/article/Growth-brings-more-medical-options-to-Spring-area-6014647.php

 

 

Myeshi Briley,MS,HS-BCP

President of Spring-Klein Chamber of Commerce

 

 

January 29, 2015 |

The New Live, Work, Play Area of 2015 Spring, TX

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I believe that Spring, TX has become the next new Live, Work, Play area. Community Impact Newspaper speaks about the Commercial Development booms that are happening in Spring, TX.  It goes into details on calling Spring, TX the Energy and Commerce area. Just to name a few of things happening;  Exxon Mobil campus, Springwoods Village, Southwestern Energy headquarters, Baker Hughes Western Hemisphere Education Center, Grand Parkway Town Center, Noble Energy Center Two, Restaurant Village, Cypress Preserve Park, Hardy North Business Park. I would like to Thank Patty, Matt and Valerie for Community Impact news on how it keeps us informed in the Spring-Klein area.

http://impactnews.com/houston-metro/spring–klein/commercial-development-booms-in-spring/

 

Myeshi Briley,MS,HS-BCP

President of Spring-Klein Chamber of Commerce

 

January 27, 2015 |
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