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An ABLE account balance climbs past $100,000. What happens to the owner's Supplemental Security Income?
AEligibility ends and the account is closed
BEligibility ends but the cash benefit continues
CEligibility is kept but the cash benefit stops
DEligibility is kept and the cash benefit rises
Answer & Solution
Correct answer: C. Eligibility is kept but the cash benefit stops
1. Below $100,000 the ABLE balance leaves Supplemental Security Income cash benefits untouched.
2. Crossing $100,000 changes the payment but not the underlying status.
3. Eligibility for Supplemental Security Income is retained.
4. The cash benefit itself is suspended while the balance stays above the threshold.
5. So the owner keeps eligibility and loses the payments for now.
6. Options ending eligibility overstate the consequence, since the status survives.
7. A rising benefit inverts the rule and would reward exceeding the limit.
8. The account is not closed, and state total limits run far higher, from $300,000 to $500,000 in some states.
_Source: FDIC Money Smart for Adults (September 2018), Module 5: Your Savings, section Special Accounts and Public Benefits_
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