Purposes

The purposes of this Act are— (1) to encourage and assist individuals with disabilities who have fewer resources to save using ABLE accounts; (2) to increase uptake and continued utilization of ABLE accounts by people with disabilities, especially those individuals receiving benefits under the Medicaid program established under title XIX of the Social Security Act and the program for supplemental security income benefits established under title XVI of such Act; and (3) to help ensure the success and financial stability of ABLE account holders and the whole of the ABLE account program.