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14 babies born on 529 Day to receive $100 college savings accounts

June 07, 2018

Vermont Business Magazine - Fourteen babies born at Vermont hospitals on May 29 will each receive $100 in a 529 college savings account from Vermont Student Assistance Corp. The Vermont Association of Hospitals and Health Systems partners with VSAC, which administers Vermont’s 529 college savings plan, to help educate Vermont families about saving for college for their children.

Northwestern Medical Center and University of Vermont Medical Center both welcomed four babies while two babies were born at Central Vermont Medical Center, and one baby was born at Rutland Regional Medical Center, Porter Medical Center, Southwestern Vermont Medical Center and Gifford Medical Center.

“The Vermont Association of Hospitals and Health Systems congratulates all the families who welcomed babies into the world on May 29,” said Jeff Tieman, VAHHS President and CEO. “Vermont hospitals work hard to ensure that families are connected to the resources they need to raise healthy families. Our partnership with VSAC on 529 Day is important to helping the families we serve.”

Any family who has not yet filled out the paperwork to set up the account can contact Sabina Haskell at Haskell@vsac.org (link sends e-mail) or by calling 802-542-2240.

For the full article please click here.

Do you have questions about 529s in Vermont or any other tax savings strategies? Davis & Hodgdon Associates CPAs has been assisting Vermont individuals and business owners with tax consulting and retirement planning for more than 25 years. Call our office in Williston 802.878.1963 or Rutland 802. 775-7132 to schedule a tax planning strategy session today.