Would you like greater financial security without fear of losing your governmental benefits? Consider setting up an ABLE Account!
What are ABLE accounts?
Achieving a Better Life Experience (ABLE) Accounts are tax-advantaged savings accounts that are available to certain people with disabilities. By opening an ABLE Account, you may be able to save more money each year to help you pay for disability-related expenses.
What are ABLE's benefits?
For the first time, people with disabilities and their families can save for disability-related expenses without losing their eligibility for certain assistance programs, like SSI and Medicaid. These accounts can be used for short-term savings or long-term investing, whatever best meets the needs of the account owner.
Are there tax advantages?
The earnings in ABLE accounts grow federally tax-deferred and withdrawals are tax-free if used for qualified disability expenses.
Who can open an ABLE account?
Eligible individuals can open an account for themselves, or an Authorized Individual can open an account on their behalf.
Who can answer my questions or help me set up an account?
IAble is Iowa’s resource on setting up an ABLE account. Visit their website for more information or contact them directly.
Phone: For all general questions: (888) 609-8910, Monday - Friday, 8:00 am - 5:00 pm CT
The ABLE National Resource Center (ANRC) was founded and is managed by National Disability Institute to provide reliable information about ABLE programs and accounts. The ANRC offers all of the latest information on ABLE, including state-by-state program updates, informational videos, webinars, policy summaries and answers to frequently asked questions. You can find the ABLE National Resource Center at http://ablenrc.org/