04/23/2026
April is ABLEtoSave Month
April is ABLEtoSave Month, a national campaign highlighting how ABLE (Achieving a Better Life Experience Act) accounts help individuals with disabilities save money without losing benefits like SSI or Medicaid. These tax-advantaged accounts allow for tax-free growth and withdrawals for expenses such as housing, healthcare, and transportation. Information is available at https://www.ablenrc.org/
Saving money in an ABLE account allows people with disabilities to keep benefits if they need them. Up to $100,000 of ABLE funds are not a countable resource for Supplemental Security Income (SSI). Any amount of funds in an ABLE account up to the state plan limit does not affect someone’s current or future eligibility for programs like FAFSA (Free Application for Federal Student Aid), HUD (Housing and Urban Development), SNAP, Medicaid, Medicare, or other government programs.
Individuals are eligible to open an ABLE account if their disability began before age 46 and they meet the required severity of disability in one of two ways: (1) they are receiving Supplemental Security Income (SSI) payments or Social Security Disability Insurance (SSDI) benefits; OR (2) their physician signs a a form including the diagnosis and stating that they have “marked and severe” functional limitations which began before age 46.
There are 51 ABLE plans available. Most plans allow out of state residents to open an account. A person may have one ABLE account. The ABLE NRC Decision Guide, “Selecting and Opening an ABLE Account,” will help you to make your choice! For more information visit:
https://www.ablenrc.org/what-is-able/what-are-able-accounts/
About ABLE Accounts An ABLE account is a savings and / or investment option for people with disabilities who qualify. It falls under Section 529A of the Internal Revenue Service tax code. The ABLE Act allows a person whose disability began before age 46, to save money in the ABLE account without aff...
