|QUALIFIED DISABILITY EXPENSES|
|A MiABLE savings account offers the flexibility to pay for a wide variety of “qualified disability expenses.” Plus, expenses are not limited to items that are “medically necessary.”|
A Qualified Disability Expense is:
- An expense you incurred when you were an Eligible Individual.
- The expense relates to your disability.
- The expense helps you maintain or improve your health, independence, or quality of life.
Any expenses related to the eligible individual’s blindness or disability that are made for the benefit of the eligible individual who is the designated beneficiary, including the following expenses:
Money withdrawn for an unqualified expense may result in tax consequences.