House Passes Bill to Help Disabled Save for Living Expenses

December 4, 2014 12:36 AM

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House Passes Bill to Help Disabled Save for Living Expenses

The House overwhelmingly passed a bill Wednesday that will help the disabled pay for a host of expenses—including education, housing, transportation, and health—by cutting Medicare payments for penis pumps.

The bipartisan bill—known as the Achieving a Better Life Experience, or ABLE Act—would help the severely disabled establish tax-advantaged savings accounts so they could pocket tax-free savings to cover various qualified expenses. That would allow the disabled to qualify for means-tested benefit pro...

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