On Friday, Treasurer Robert Sprague announced that the STABLE program has surpassed $100 million in total contributions since it was launched in 2016. STABLE accounts are specialized investment accounts that allow individuals living with disabilities to save and invest money without losing eligibility for programs like Medicaid or SSI.
“This $100 million mark signifies so much more than a dollar amount,” said Treasurer Sprague. “For our STABLE account holders, this means peace of mind. With the STABLE program, people with disabilities are now more easily able to join the workforce and save what they earn. They’re able to plan for their futures and live more independently. That kind of security is more than worth its weight in gold.”
Earlier this year, Treasurer Sprague announced that more than 10,000 individuals had opened STABLE Accounts. That number continues to grow, and today there are nearly 13,500 people with active STABLE Accounts