Jefferson City, MO – Missouri State Treasurer Scott Fitzpatrick today announced a partnership with SoutheastHEALTH, one of the largest healthcare systems in southeast Missouri, and the MO ABLE program. SoutheastHEALTH is now offering payroll deductions for MO ABLE accounts for employees.
“MO ABLE is a program that can have a life-changing impact for those who use it—whether an individual with a disability or a parent saving for a child’s future. As Treasurer, I am working to make this program accessible to Missourians and I am grateful to our employer partners who are helping achieve this goal,” Treasurer Fitzpatrick said. “Payroll deductions make it easier to save. Adding a payroll deduction option for MO ABLE also means that those who can use this program are able to save for the future with the same opportunities as those who use traditional bank accounts or might save for their child’s future automatically in a 529 account. I am grateful to the team at SoutheastHEALTH for their partnership on this and look forward to working with other Missouri employers to grow this valuable program.”
“MOABLE is a seamless payroll deduction solution that will work well for our employees,” SoutheastHEALTH Vice President of Human Resources Erin Pfeifer said. “At SoutheastHEALTH, we are committed to making every benefit possible available to our employees. This new option will positively impact those in our organization with disabilities or those who have children with disabilities and will also make saving for the future a bit easier. We recognize and appreciate the contributions our employees make on a daily basis for patients, families and each other. MOABLE reflects our organization’s values and will be a great addition to those who need it.”
Launched in 2017, MO ABLE allows individuals with disabilities and their families to save up to $15,000 per year, tax-free, without losing federal benefits like Medicaid and SSI. For more information about the MO ABLE program and to take an eligibility quiz, visit moable.com.
Today’s announcement is a result of the Treasurer’s effort to increase inclusion and opportunity for employees with disabilities by encouraging employers across the state to add payroll deductions for MO ABLE accounts. In addition to SoutheastHEALTH, employer partners include CoxHealth, Truman State University, the University of Central Missouri, Missouri State University, Schnucks Markets, Central Bank, the City of Jefferson City, and the City of Kansas City.
MO ABLE currently has 2,672 accounts and nearly $20 million in assets under management, making it one of the largest ABLE programs in the country.
October is National Disability Employment Awareness Month. Throughout the month, Treasurer Fitzpatrick strives to raise awareness and increase access and opportunity for individuals with disabilities.