2 days ago
State Treasurer announces partnership between Hoosier Care and INvestABLE
FARMERSBURG, Ind. (WTWO/WAWV)— Indiana's State Treasurer Daniel Elliot announced a new incentive for residents who are covered by Anthem Blue Cross and Blue Shield's Hoosier Care Connect program.
Those Hoosiers covered by the program who also have an INvestABLE Indiana account will have their Indiana Value Added Benefit raised to $75, effective immediately. This covers any Hoosier Care Connect members who have made their INvestABLE account within the last year.
'I'm excited to see Anthem stepping up to support Hoosiers with disabilities through INvestABLE Indiana,' said Treasurer Daniel Elliott. 'This partnership is about real people getting real tools to build a better future. ABLE accounts give folks the chance to save, plan, and live more independently—and that's something worth celebrating.'
INvestABLE Indiana is a way for Hoosiers with disabilities to save and invest money without losing benefits like SSI and Medicaid. The organization offers eight savings and investment options, as well as a checking account option with a debit card. You can save up to $19,000 yearly in an account with a maximum balance of $450,000. Hoosiers with SSI can save up to $100,000 a year. Money can be withdrawn from the account for qualified expenses, or you can choose to grow it with tax-free earnings.
'At Anthem, we believe every individual deserves the opportunity to build greater independence and financial security,' said Lynn Scott, Anthem Blue Cross and Blue Shield of Indiana's Medicaid President. 'By increasing this incentive, we're reinforcing our commitment to Hoosier Care Connect members and supporting them in taking meaningful steps toward long-term stability and empowerment.'
To learn more about INvestABLE or open an account, you can click this link.
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