Girl with down syndrome in pink jacket hugging an adult

ABLE Accounts: The What, Why, Where, and How

Sunday, December 3 was International Day of Persons with Disabilities. We want to share with you the what, why, where, and how of ABLE accounts to support you and your loved ones towards your savings goals.

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.

Learn more about ABLE accounts and benefit edibility.

ABLE accounts are operated by individual states and are currently available in 28 states. 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. NebraskaOhio, 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.

Check out this comparison tool created by the ABLE National Resource Center if you're looking to comparison shop across states. 

Learn more about ABLE account programs across the country by clicking on the map below:

Are you trying to save money? Let America Saves help you reach your savings and debt reduction goals. It all starts when you make a commitment to yourself to save. Take the first step today and take the America Saves pledge to save money, reduce debt, and build wealth over time. And it doesn't stop there. America Saves will keep you motivated with information, advice, tips, and reminders to help you reach your savings goal. Think of us as your own personal support system.


Sunday was International Day of Persons with Disabilities, so we've updated our information on ABLE accounts to support you and your loved ones in disability-related savings goals: 

Tweet this now

Take the Pledge

I pledge to save money, reduce debt, and build wealth over time. I will encourage my family and friends to do the same

Take the America Saves Pledge

Tip of the Day

  • Written by Tammy G. Bruzon | February 2, 2018

    Are you saving enough for retirement? This America Saves Week, use the @choosetosave Ballpark E$timate to know if you’re hitting a savings home run or striking out:

Saver Stories View all »

The Gift of Homeownership

Written by Tammy G. Bruzon | August 5, 2015

Quaneka Willis, a single mother of three children, was receiving rental assistance through the Housing Authority of the City of Milwaukee when she decided to take control of her finances. So, in September of 2013 she attended the Make Your Money Talk program and pledged as a Wisconsin Saver. In less than 12 months, she had maximized her savings and was beginning the process of purchasing her first home.


Inspired to Build Savings By Starting Small

Written by Great Lakes Michigan Saves | April 19, 2016

With little-to-no money in the bank and living on a limited income with her adult daughter, Sharon wasn’t sure if building up savings for her future was even possible. “At my age, to put debts behind me would be a relief,” she said, but she wasn’t quite sure how to even get started with a savings plan. That all changed when Sharon attended the Great Lakes Michigan Saves Pay Yourself First Saver’s Summit during America Saves Week.


Taking Steps Toward Financial Fitness

Written by Tammy G. Bruzon | November 7, 2014

Nicky Vasquez learned about Virginia Saves when she attended her first class with Bank On Virginia Beach. The instructor shared how important it was to have a written savings goal, and the entire class joined Virginia Saves as the first step toward financial fitness.


Receive Updates

Sign up for Texts

Written by Tammy G. Bruzon | July 15, 2014

Sign Up

Sign up for Emails

Written by Super User | September 16, 2013

Get Emails

Take the Pledge

Written by Super User | September 16, 2013

Start Saving