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Nebraska Plans to Launch One of the First ABLE Programs in the Country to Provide Tax-Advantaged Savings for People with DisabilitiesNebraska State Treasurer Don Stenberg announced Thursday the state plans to launch Enable, its new Achieving a Better Life Experience (ABLE) program, allowing qualifying Nebraskans with disabilities to create tax-advantaged savings accounts without losing eligibility for needs-based financial aid. Stenberg, the trustee of Enable, said the new Nebraska program is expected to be operational by summer 2016. First National Bank of Omaha has been named the new Enable program manager, following approval earlier this week by the Nebraska Investment Council and the Treasurer's office. Selecting a program manager will help Nebraska become one of the first programs in the nation to be up and running, Stenberg said. The federal ABLE Act became law in December. Since then, 34 states have passed state ABLE laws, including Nebraska. First National Bank of Omaha has significant expertise in this area because of its work as program manager for the NEST 529 college savings program, Stenberg said. "First National Bank is designing Enable in a manner that Nebraskans will embrace, and the program is replicable, in other states." Stenberg added that Enable will be simple to use and as low cost as possible. To find out more about Enable, visit www.enable.com or www.treasurer.nebraska.gov/csp/able/. "First National Bank has maintained its commitment to helping build strong communities across Nebraska," said Clark Lauritzen, executive vice president, First National Bank of Omaha. "Enable is a natural extension of our core values giving us yet another opportunity to serve the needs of another extremely important segment of our community. First National Bank values serving individuals and families on every part of their journey. We are grateful for this opportunity to truly help people achieve a better life experience."
About Enable
About First National Bank of Omaha Don Stenberg, Nebraska State Treasurer, Trustee First National Bank of Omaha, Program Manager
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