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ThoughtSpan Technology, LLC launches system to manage the Louisiana Achieving a Better Life Experience Act 529A Program
ThoughtSpan Technology, LLC has launched a propriety system to manage the Louisiana Achieving a Better Life Experience Act 529A Program. This program allows families to save for disability related expenses of their loved ones without worrying about whether the assets in an account will be counted as an asset for purposes of determining eligibility for federal and state benefits programs such as Medicaid and Social Security.
ThoughtSpan's proprietary technology provides account administrators a secure online portal to manage existing accounts, open new accounts and request withdrawals on behalf of any beneficiary for which they are responsible. Louisiana Office of Student Financial Assistance personnel enjoy a modern, web-based, secure portal to perform the day to day functions required to administer the program for the state.
Alice Brown, Information Technology Director stated “we were pleased to work with ThoughtSpan on our new 529A program. The end product exceeded our expectations and provides a modern, user-friendly interface for account administrators to manage their 529A accounts.” Monroe Limer, President of ThoughtSpan Technology, LLC added “we have partnered with many state agencies to increase efficiency and are pleased to expand our relationship with the State of Louisiana to help simplify their 529A administration”.
Located in Charlotte, NC, ThoughtSpan Technology has been delivering workflow automation solutions for more than two decades. In addition to 529 Savings Plan systems automation, ThoughtSpan Technology, LLC provides case management, complaint and service tracking, incident and investigation software and is an industry leader in the occupational licensure management software.