What are ABLE accounts?

ABLE accounts are tax-advantaged savings programs for eligible people with disabilities. They are established under the name of the beneficiary (i.e. the person with a qualified disability). Each person can have only one ABLE account.

Assets in an ABLE account grow tax-free and can be withdrawn without tax consequences when used for Qualified Disability Expenses.

Funds in an ABLE account not only grow tax-free, but the first $100,000 is disregarded for purposes of calculating the $2,000 asset limit set by Supplemental Security Income (SSI).  ABLE account balances are discounted for purposes of eligibility for federal as well as Alabama means-tested programs (e.g. food stamps, HUD, etc.).

Woman on computer with young boy

Sign up and start saving

Once you are ready to open an account, you can do so here online. When opening an Alabama ABLE account, be sure to have information about the beneficiary, qualifying disability, and how the ABLE account will be funded. Learn more about who can open an account and all the benefits of having one — or if you’re ready to get started, open one today!

Create account

Have specific questions?

Here are a few ways to get answers: Give us a call Monday through Friday, at 1-833-711-2253 from 8am-7pm CT, use our Live Chat feature in the bottom right of your screen (when available), or browse Frequently Asked Questions.

Individuals with speech or hearing disabilities may dial 711 to access Telecommunications Relay Service (TRS) from a telephone or TTY.

Go to FAQ’s