Save for the things that you need today and want tomorrow
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Use your account wisely
Most costs related to living with a disability qualify as an eligible expense.
The money from your account can be used for everyday needs or an unexpected turn of events. The eligible expenses are geared towards improving health, independence, and quality of life.
Employment, training, and support
Personal support services
Health, prevention, and wellness
Oversight and monitoring
Funeral and burial costs and more
Keep track of your expenses
We don’t need to see your receipts, but the IRS might. You should keep documentation of your purchases in case the IRS asks for it, and you have to provide proof of how you spent the money from your account, which you can track with your prepaid card
What if I buy something that doesn't qualify?
You’ll have to pay tax on growth, plus a 10% penalty on earnings for non-eligible items. Also, keep in mind that any non-eligible withdrawals are considered income for the month and could count against your eligibility for Supplemental Security Income (SSI) benefits or Medicaid.