Six-year-old Alexander Grant has a tax-free bank account that lets his parents save for his college education. Nothing comparable is available for his 11-year-old brother, Elliott, who has Down syndrome. “Elliott doesn’t have the same account because the government seemingly thinks disabled people should live in poverty.” Adults with disabilities can’t earn more than $750 a month or they lose their federally guaranteed Medicaid health coverage; nor can they have more than $2,000 in a savings account. Monday, May 25, 2009
Parents seek tax-free accounts for kids with disabilities
Six-year-old Alexander Grant has a tax-free bank account that lets his parents save for his college education. Nothing comparable is available for his 11-year-old brother, Elliott, who has Down syndrome. “Elliott doesn’t have the same account because the government seemingly thinks disabled people should live in poverty.” Adults with disabilities can’t earn more than $750 a month or they lose their federally guaranteed Medicaid health coverage; nor can they have more than $2,000 in a savings account. 
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