It’s Americans with Disabilities Day, and there’s plenty to celebrate this year as we welcome new ABLE accounts.
Created by the Achieving a Better Life Experience (ABLE) Act, ABLE accounts provide a savings opportunity for Americans with disabilities and their families. Individuals can save to these accounts without losing eligibility for critical benefits such as healthcare or Supplemental Security Income.
ABLE accounts are operated by individual states and are currently available in four states. At least 35 states are in the process of planning and implementing ABLE programs.
If there’s not yet an ABLE program in your state, you can still open an account. Some states, but not all, will allow ABLE accounts to be opened by non-residents. Nebraska, Ohio, and Tennessee currently offer nationwide enrollment. There may, however, be some additional costs for out-of-state accounts. Ohio, for example, charges double its usual monthly fee ($2.50) to residents of other states.
Learn more about ABLE account programs across the country by clicking on the map below: