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All About the Maine ABLE Program — Coastal Friendship Circle (Open to the Public)
Monday, April 27 @ 4:00 pm – 5:00 pm
The Coastal Friendship Circle welcomes Gavin Elliott of Bangor Savings Bank to learn all about the Maine Able Program. Everyone is welcome!
Join us in the Picker Room at Camden Public Library on Monday, April 27, 4:00 PM. (This is the new date).
The Maine ABLE Program (ABLE ME) provides individuals with disabilities—and their families—a safe, flexible way to save money without jeopardizing eligibility for important means‑tested public benefits such as SSI or MaineCare. Authorized by the Maine Legislature, the program is owned by the Maine State Treasurer’s Office and administered in partnership with Bangor Savings Bank.
ABLE accounts, established under the federal Achieving a Better Life Experience (ABLE) Act, allow eligible individuals to set aside funds for Qualified Disability Expenses (QDEs) including education, housing, transportation, assistive technology, employment support, and basic living expenses like food. Funds in ABLE ME are exempt from taxes, excluded from state means-tested benefit calculations, and protected from MaineCare estate recovery.
During this presentation, we will review eligibility, fiduciary/non-fiduciary options, withdrawals, rollovers, and documentation before asking question and having conversations.
The Coastal Friendship Circle is an educational and supportive group for neurodiverse adults living in coastal Maine. For more information or with questions, contact Melinda at melinda.adulted@gmail.com or 449-6011.