ABLE

For Savers

What is ABLE?

ABLE (Achieving a Better Life Experience) accounts are tax-advantaged savings plans that help people with disabilities save for the future. With Vestwell, it's simple to open, manage, and grow your account—without impacting SSI, Medicaid, or other important benefits.

Quick Assessment

Check your eligibility.

Answer a few simple questions to see if you qualify for an ABLE account under the updated 2026 criteria.

• Did your disability begin before your 46th birthday?

  • Yes
  • No

• Do you already have an ABLE account set up?

  • Yes
  • No

• Will your disability last more than 12 months?

  • Yes
  • No

• Do you have a qualifying disability?

  • Yes, I receive SSI or SSDI
  • Yes, I can self-certify
  • No

You are eligible.

Good news, you qualify for an account.

Benefits of an ABLE account

ABLE accounts offer people with disabilities a way to invest tax-free for the future, spend on everyday expenses, and still keep the public benefits they rely on every day. A few key benefits of an ABLE account include:

• Tax-free growth and tax-free withdrawals for qualified expenses
• Money in your ABLE account, as well as withdrawals for qualified expenses, do not count as an asset for purposes of federal benefits programs (some SSI exceptions apply)
• Income tax deductions and credits in certain states
• You can contribute up to $19,000 a year - or more if employed
• Anyone can contribute - family, friends, employers, etc.
• Various investment portfolios and savings options
• Prepaid debit card for easy withdrawals and spending
• Funds from a 529 College Savings Account can be rolled over into an ABLE account, tax-free

What is the ABLE Act?

Millions of people with disabilities rely on public benefits and federal programs such as Supplemental Security Income (SSI) and Medicaid for their basic needs, but this assistance can be limiting. The ABLE Act, passed by Congress in 2014, allows states to create tax-advantaged savings programs for people with disabilities.

Does having an ABLE account affect my federal benefits?

No. When saving with an ABLE account, you can keep your federal benefits (SSI, SSDI, Medicaid, etc.). If you receive SSI, you can save up to $100,000 before ABLE funds start counting against your benefits asset limits.

How much money can I contribute each year to my ABLE account?

People with disabilities can save and invest at least $19,000 a year for a wide range of eligible expenses. Those who are employed can save even more.

Do I have to pay taxes on my account?

No. If the money in your ABLE account is used to pay for qualified expenses, it won’t be counted as income for your state or federal taxes.

What is considered a “qualified expense”?

Most expenses related to the costs associated with living with a disability qualify as an eligible expense, including:

• Living expenses
• Education
• Housing
• Transportation
• Employment, training, and support
• Assistive technology
• Personal support services
• Health, prevention, and wellness
• Financial management
• Administrative services
• Legal fees
• Oversight and monitoring
• Funeral and burial costs
• And more

Conclusion

With an ABLE account, you control your future and can save for tomorrow while protecting the support you rely on today.