Man hugging young boy


Answers at your fingertips

You can scroll through the FAQs, search, or click a category button to filter them.

What happens if the beneficiary is no longer eligible for an account?
If a beneficiary no longer meets eligibility requirements, they no longer qualify for an ABLE account and they (or their account manager) should sign into their account's settings and update their eligibility. Their account will remain open and they can continue to use the account until the end of... Read more
Who can open an ABLE account for an eligible beneficiary?
An adult beneficiary with a qualifying disability can open and manage an ABLE account. If a beneficiary is under the age of 18 or unable to open an account on their own, they must have an Authorized Legal Representative (also known as an ALR) do it for them. An ALR must be anyone who is selected by... Read more
Can a Social Security Representative Payee open an account for a beneficiary?
If you're an eligible beneficiary with a Representative Payee, you can open an account for yourself. To have a Representative Payee open an account for you, they must meet the requirements of an Authorized Legal Representative (anyone who is selected by the eligible beneficiary with legal capacity,... 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 $14,580 (as of 2024) to your ABLE account if you are working, in addition to the yearly contribution limit of $18,000. Keep in mind that ABLE accounts help protect assets from counting against benefit asset limits. They do not... Read more
Who owns the account?

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 transfer an existing ABLE account into my ABLE for ALL Savings Plan?

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.

ABLE to ABLE Rollover Form