Payroll Deductions Assist Individuals with Disabilities

Truman will begin offering payroll deductions for MO ABLE accounts in its benefits package for employees in January.

Launched in 2017, MO ABLE allows individuals with disabilities and their families to save up to $15,000 per year, tax-free, without losing federal benefits like Medicaid and SSI. Payroll deductions make it easier for employees to save for their children with disabilities and for individuals with disabilities to use MO ABLE accounts.

“Truman State University is pleased to offer MO ABLE accounts via payroll deduction to our faculty and staff,” said Sally Herleth, executive director of human resources at Truman. “This program allows families and individuals with disabilities the opportunity to create tax-advantaged accounts that can be used to help maintain health, independence and quality of life, and we thank Missouri State Treasurer Scott Fitzpatrick for his work on this important endeavor.”

For more information about the MO ABLE program and to take an eligibility quiz, visit moable.com.