Glossary of Municipal Securities Terms

QUALIFIED DISABILITY EXPENSES

Any expense related to the designated beneficiary of an ABLE account incurred as a result of living with blindness or a disability. Qualified disability expenses include education; housing; transportation; employment training and support; assistive technology and personal support services; health, prevention and wellness; financial management and administrative services; legal fees; expenses for oversight and monitoring; funeral and burial expenses; and other expenses. See: ABLE PROGRAM; DESIGNATED BENEFICIARY.

Last updated: February 23, 2018

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