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Who is Eligible?

Eligible individuals can open the account for themselves, or an authorized individual can open an account on their behalf. There are a few requirements that individuals with disabilities must meet to be eligible for an account.

You are eligible if:

  • You were diagnosed with a disability before the age of 26

AND

  • One of the following is true:

    • You are eligible for, or you receive, SSI or SSDI because of your disability.

    • You experience blindness as determined by the Social Security Act.

    • A medically determinable physical or mental impairment with marked and severed function limitation that has lasted, or is expected to last, at least 12 continuous months or result in death.

    • You have a similarly severe disability with a written diagnosis from a licensed physician that can be produced if requested.

Account Control

Eligible Individuals who can enter into contracts are Account Owners with complete control of their account - a trustee or representative is not needed. To establish an account for minors or adults who lack the capacity to contract, a parent, guardian or person with a Power of Attorney must open the account.

For Account Owners who lack the capacity to contract, the Fiduciary maintains control of the account unless relinquished. Account Owners who reach the age of 21 and have the capacity to contract can request the termination of a fiduciary's authority and roll over their savings into a new account.

Did you know?

Proof of eligibility is not required to open an account. You will self-certify during the enrollment process and re-certify annually. You should maintain a record of your diagnosis, benefits verification letter or other relevant documents in the event that you are required to prove eligibility at a later date.

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