ABLE Accounts; A Little Known Financial Tool That Can Help People with Disabilities
In many cases, up to $100,000 in an ABLE account can be excluded from SSI resource calculations.
Shanti
6/20/20261 min read
ABLE Accounts; A Little Known Financial Tool That Can Help People with Disabilities
Despite rising employment opportunities for people with disabilities in recent years, many remain unaware of one of the most valuable financial tools available to them: ABLE accounts (Achieving a Better Life Experience).
ABLE accounts allow individuals with disabilities to save money for the future without jeopardizing their eligibility for certain government benefits. This is especially important because programs such as Medicaid and Supplemental Security Income (SSI) often impose strict limits on the amount of assets a person can own.
One of the key advantages of an ABLE account is that individuals can accumulate significant savings while maintaining eligibility for essential public benefits. In many cases, up to $100,000 in an ABLE account can be excluded from SSI resource calculations. In addition, earnings and withdrawals from the account are tax-free when used for qualified disability-related expenses.
Qualified expenses may include:
Housing and rent
Education and training
Transportation
Assistive technology and medical equipment
Personal support and rehabilitation services
Employment and job training expenses.
One of the most significant changes taking effect in 2026 is the expansion of eligibility for ABLE accounts. Previously, an individual’s disability had to begin before age 26 to qualify. Under the new rules, the age of disability onset has been increased to 46, allowing millions more Americans to benefit from these accounts.
Despite their considerable advantages, public awareness of ABLE accounts remains surprisingly low. Research suggests that only a small percentage of workers are familiar with this financial resource. As a result, many individuals with disabilities may be missing valuable opportunities to save, invest, and build greater financial security.
For families who rely on Medicaid or SSI benefits, understanding how ABLE accounts work can play an important role in long-term financial planning. These accounts provide a legal and effective way to build savings and improve financial independence without sacrificing access to critical government support programs.
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