Open Your ABLEnow Account Today marks an exciting milestone for people with disabilities, their families and advocates. ABLEnow is open for nationwide enrollment. The ABLEnow program opens today on the two-year anniversary of the federal Stephen Beck, Jr. Achieving a Better Life Experience (ABLE) Act being signed into law, authorizing states to establish ABLE savings programs. ABLEnow provides people with disabilities the opportunity to save money for today’s needs or invest for tomorrow. These simple, affordable and tax-advantaged accounts allow eligible individuals to save up to $14,000 a year without endangering eligibility for certain means-tested benefit programs such as Medicaid and Supplemental Security Income (SSI). The ABLEnow program offers some of the lowest fees in the country, an online portal to manage your account and the ABLEnow Card—a debit card providing a simple, fast way to pay for qualified disability expenses. Eligible individuals can start their ABLEnow account with no enrollment fee and no minimum contribution. It’s official! Start saving in an ABLEnow account today.
April 2024 Is Food a Qualified Disability Expense? The Social Security Administration clarified that food is considered a qualified disability expense for ABLE accounts.
