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ABLE Accounts

An ABLE account lets a person with a qualifying disability save and invest without jeopardizing SSI or Medicaid eligibility — but it isn’t a substitute for a Special Needs Trust, and the two are usually used together rather than instead of one another.

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Contribution limits, qualified disability expenses, and how the account interacts with other benefits all matter to getting this right.

We help you decide whether an ABLE account fits your child’s plan, how it should work alongside a trust, and who should be funding it and when.

What we look at

How an ABLE account fits

  1. Eligibility

    Whether your child qualifies, and which state program to use.

  2. Contributions

    Annual limits, who may contribute, and the additional amount a working beneficiary may add.

  3. Qualified expenses

    What the account can pay for, from housing and transportation to assistive technology.

  4. Alongside a trust

    Where an ABLE account does something a Special Needs Trust cannot, and the reverse.

Worth knowing

An ABLE account gives your child a measure of financial independence. It is a companion to a trust, not a substitute for one.

A young man laughing with others in a bright workshop Four teenagers cheering together in a gym, one in a wheelchair
Related services
Government Benefits Special Needs Trusts Transition Planning

Let’s see whether an ABLE account belongs in your plan.

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