Benefits
Discover all the benefits to help you secure your future.
Understanding ABLE benefits
Supplement state and federal help
An ABLE account is a way to save for eligible disability-related expenses. If you’re receiving Supplemental Security Income (SSI), you can have up to $100,000 in an ABLE account without it counting towards the $2,000 asset limit. Remember, if you go over the SSI limit, you’ll still be eligible for all other benefits (like Medicaid) but your SSI will be suspended — resuming once your balance drops below $100,000 again.
How can I use my ABLE funds?
Eligible Expenses
Most costs related to living with a disability qualify, especially things that are geared toward improving health, independence and quality of life, like:
Living expenses
Education
Housing
Transportation
Employment, training, and support
Assistive technology
Personal support services
Health, prevention, and wellness
Financial management
Administrative services
Legal fees
Oversight and monitoring
Funeral and burial costs
And more – provided the expenses relate to the beneficiary’s disability and are made for the benefit of the designated beneficiary
This guide provides examples of possible disability related expenses
Remember: ABLE account holders are advised to maintain copies of receipts for all purchases and fees when using money from their ABLE accounts.
