News Releases About Able UP

SPRINGFIELD — Illinois Treasurer Michael Frerichs announced today that contract negotiations will soon begin for ABLE program services. The Illinois Treasurer’s Office has been working with nine other states on forming a partnership that seeks to provide the best ABLE program at the lowest possible cost t o beneficiaries. Illinois, on behalf of the ABLE Consortium, published the ABLE RFP on June 8 th , 2016. The RFP outlined requests for investment, administrative, customer service, and outreach material services that would benefit the Consortium. Six vendors responded to the RFP…

SPRINGFIELD — Illinois Treasurer Michael Frerichs announced today a Request for Proposal (RFP) for ABLE program services that will help people with a disability or blindness save for a better future. Frerichs made the announcement along with nine other states, forming a partnership that seeks to provide the best program possible at a low cost to beneficiaries. The consortium will manage a tax-advantaged investment portfolio similar to those used to save for college, such as Illinois’ Bright Start and Bright Directions programs. Without the consortium, individual states would lack the…

SPRINGFIELD — Illinois families planning for the future well-being of a loved one with a disability will be able to leverage the investment power of a multi-state consortium to invest their money for disability-related expenses, Illinois Treasurer Michael Frerichs announced today. The consortium will manage a tax-advantage investment portfolio similar to those currently used to save for college, such as Illinois’ Bright Start or Bright Directions program. Without the consortium, individual states would lack the market share to ensure low cost and high quality investment options. “Every parent wants the…

CHICAGO — Illinois Treasurer Michael Frerichs today welcomed state treasurers from across the nation and discussed working together to implement a program that helps families save money to cover expenses for people with disabilities. The Achieving a Better Life Experience Act (ABLE Act) increases the amount of money that can be saved and spent each year without jeopardizing federal assistance or incurring certain taxes. The ABLE Act assists families facing challenges such as Autism, Down Syndrome, Blindness, or someone who has suffered a debilitating injury before the age of 26.…