PRESS RELEASE
Treasurer Fitzpatrick Announces Cape Girardeau’s SoutheastHEALTH Offering MO ABLE Payroll Deductions
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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. ### Follow the Treasurer’s Office on Twitter,
Facebook, and Instagram @motreasurer.