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Benefits and Employment
Benefits and Employment
Benefits and Employment
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Avoiding False Information
Youth with disabilities are often concerned that the money they make from work, will affect their healthcare and other benefits they receive like Social Security. You may hear a lot of false information about how working affects your benefits and health coverage. Make sure you get the facts.
Youth and their families also worry about how hard it can be to get your benefits back if you stop working or need to work fewer hours. For youth with disabilities, work is more possible now than ever before. You can be successful at meaningful jobs with the right kind of training and supports. Below are resources available to help people with disabilities understand how employment may affect their benefits.
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Work Incentives Planning and Assistance (WIPA) Program
The Work Incentives Planning and Assistance (WIPA) program is a step-by-step process to assist you understand how employment effects your benefits. Benefits may include Medicare, Medicaid, Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), and others.
WIPA also helps youth to understand how they keep more money to spend on things they need and want. You can look at the brochure and see who can help you in your local area.
The Benefits to Employment presentation by a Michigan-based Work Incentives Planner (WIPA), Cathy McRae from The Arc Michigan, also provides information on benefits planning.
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Disability Benefits 101
Disability Benefits 101 is a disability benefits planning site that helps youth with disabilities understand the connections between work and benefits. It provides a benefits calculator, available 24/7/365, along with toolkits to better understand benefits programs and rules around work. You can also watch short 3–5-minute videos to learn more about benefits such as SSI, SSDI, ABLE Act, and more.
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MiABLE Disability Savings Program
The MiABLE Disability Savings Program was created to allow individuals with disabilities and their families to save funds for Qualified Disability Expenses that support health, independence, and quality of life without jeopardizing eligibility for necessary federal benefits. Earnings on savings grow tax-free, and no federal or state tax is owed on withdrawals used to pay for qualified expenses.
Annual contributions to ABLE Accounts are generally limited to the amount of the annual federal gift tax exclusion for the calendar year (the “Basic Annual Contribution Limit”), but there is an exception to this limit for some employed Account Owners.
If you are working and you are interested in learning more about ABLE Accounts, you can visit MiABLE's website for more information.