TAX DEFERRED ACCOUNT

[vicki]

DOS ANYONE KNOW ABOUT THE PRE TAXED ACCOUNT THAT YOU CAN HAVE FOR YOUR CHILD AND THE MONEY IS USED FOR THEIR THERAPIES? IF ANYONE CAN HELP I WLD. APPRECIATE IT.

VICKI

[Jaclyn M. Kratzer]

This place does trusts. They might be able to help.

ACHIEVA
711 Bingham Street
Pittsburgh, PA 15203
412-995-5000
1-888-272-7229


good luck!

[vicki]

ty

[Nancy Fuller]

Vicki, I will get the answer for you on this. I work for a financial company and my manager is a Special Needs Planner. He works alot with families with special needs and advises them on things like this.

[Nancy Fuller]

They are trying to pass a law for one, but it is not available yet. You can use your flex spending account to pay for therapies. Money is taken out pre-taxed and you can use that for child care, health expenses etc.

[Deb]

There is legislation (ABLE Accounts Act of 2009) "on the table" right now that is designed to help families save money for their children with special health care needs without compromising support from federal, state and local governments. The ABLE Act authorizes “ABLE Accounts,” which are similar in many respects to existing 529 college savings plans.

You can support the legislation by contacting your state senator (an easy way to do this is through capwiz.com).

Here are some more links:
Casey Discusses Bill to Create Special Savings Accounts for Individ...
The ABLE Accounts Act of 2009 (autismvotes.org)
ABLE Act Fact Sheet (ucp.org)

[Monica Dugan]

This sounds like a health savings account. My husband just recently told me about this as well, so I'm starting to explore it. From what I understand, it has to be offered as a benefit by your employer.