ABLE Account
A tax-advantaged savings account for individuals with disabilities that allows them to save and invest money without losing eligibility for SSI, Medicaid, or other means-tested benefits.
Eligibility: You must have been diagnosed with a qualifying disability before age 26.
Annual contribution limit is tied to the federal gift tax exclusion (~$18,000/year as of 2025).
Funds can be used for qualified disability expenses: housing, education, transportation, health care, and more. Account balances up to $100,000 are excluded from SSI resource limits.
→ Each state runs its own ABLE program; you may open an account in any participating state.
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Frequently asked questions about ABLE Account
What is ABLE Account?+
A tax-advantaged savings account for individuals with disabilities that allows them to save and invest money without losing eligibility for SSI, Medicaid, or other means-tested benefits. Eligibility: You must have been diagnosed with a qualifying disability before age 26.
Who qualifies for ABLE Account?+
People with limited income and resources who are 65+, blind, or have a qualifying disability. SSI does not require a work history.
How do I apply for ABLE Account?+
Apply online at ssa.gov, by phone at 1-800-772-1213, or in person at your local Social Security office. There's no cost to apply.
Where can I get help?+
Use BenefitKarma's free Benefit Eligibility Screener to see if you qualify for SSI, then start your application at ssa.gov or your local Social Security office. There's no cost to apply.