Who can benefit from an ABLE account?

An ABLE account is specifically designed to benefit individuals with disabilities who are looking to save and manage their funds without jeopardizing their eligibility for government programs. These accounts allow such individuals to save money for qualified disability-related expenses while maintaining access to essential benefits like Social Security and Medicaid. This ensures that they can lead more financially independent lives without the risk of losing their governmental assistance.

While other options mention broad criteria such as any citizen over 18, all taxpayers regardless of income, or only people with savings accounts, these groups do not align with the specific purpose of an ABLE account. It is tailored to address the unique financial needs and challenges faced by individuals with disabilities, making option B the only accurate representation of who can benefit.