FAQs
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- Benefits
- Contributions
- Eligibility
- General
- Gifting
- How it Works
- Linking Bank Accounts
- Opening an Account
- Prepaid Card
- Qualified Expenses
- Successors and Estates
- Tax Benefits
- How do I open an account?
- Once you've gone through all the eligibility requirements, it only takes 10 minutes to open an account online. You (or the Authorized Legal Representative) will need to have some basic information handy. Once you've been verified, you'll set up the account details by: Creating a login. Connecting... Read more
- How do I know if I'm an Authorized Legal Representative (ALR)?
- An Authorized Legal Representative (ALR) is someone who is legally authorized under state and federal law to make decisions for the beneficiary. You're an ALR if you are selected by the eligible beneficiary with legal capacity, you have Power of Attorney, are a conservator or legal guardian, are a... Read more
- Can I still work and have an account?
- Yes. With the ABLE to Work Act you can even contribute up to an extra $15,060 (as of 2025) to your ABLE account if you are working, in addition to the yearly contribution limit of $19,000. Keep in mind that ABLE accounts help protect assets from counting against benefit asset limits. They do not... Read more
- Can there be more than one Authorized Legal Representative (ALR)?
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There can be only one Authorized Legal Representative (ALR) per account, but you can change an ALR by filling out a Change of Authorized Legal Representative Form.
- Does the Authorized Legal Representative (ALR) own the account with the beneficiary?
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Nope. No matter who opens the account, the beneficiary owns all of the funds.
- Who owns the account?
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If the account is for yourself, the money and funds are yours. If an Authorized Legal Representative, such as a parent or guardian, opened and managed the account for a beneficiary, the money still belongs to the beneficiary.
- Can I close and transfer my ABLE for ALL Savings Plan to a different ABLE account?
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Yes, but you can make only one rollover every 12 months. Use the ABLE plan's rollover forms to start the process.
- Can I transfer an existing ABLE account into my ABLE for ALL Savings Plan?
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Yes, you can use the ABLE to ABLE Rollover Form to get started. Keep in mind that you can only make one rollover every 12 months. An ABLE account can also be rolled over to an eligible member of the family if the rollover happens before the death of the original beneficiary who opened the account.
- Does my location matter?
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No. An ABLE for ALL account is available nationwide to eligible U.S. citizens.
- What type of disabilities qualify for an account?
- Any disability that qualifies for Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) or blindness that developed before the age of 26 is eligible for an ABLE account. Some of the conditions recognized by the Social Security Administration that could qualify based on... Read more
