ABLE Accounts: Savings Programs for Individuals with Disabilities

For people with disabilities, saving for the future once came with tradeoffs. Today, ABLEnow accounts are an essential financial tool.

Understanding ABLE accounts

ABLE accounts were created through federal legislation known as the Achieving a Better Life Experience Act, or ABLE Act. The law allows eligible individuals with disabilities to save and invest money without having to choose between building financial security and maintaining eligibility for certain public benefits.

Unlike traditional accounts, tax-advantaged ABLE savings accounts are designed to work alongside certain public benefits programs. Over time, they have become an established and trusted tool for both day-to-day needs and long-term planning.

Why ABLE accounts matter

Many public benefit programs, including Supplemental Security Income (SSI) and Medicaid, include asset limits that can make saving difficult. ABLE accounts allow eligible individuals to build savings without jeopardizing certain means-tested benefits.

This flexibility supports planning for both routine and unexpected costs, from housing and transportation to education, assistive technology, and health-related needs.

With an ABLE account, you can:

Contribute up to $20,000 each year. If employed, you may be eligible to contribute more under the ABLE to Work Act.
Grow your savings tax free, helping your money go further over time.
Save while maintaining eligibility for certain public benefits, such as Medicaid and Supplemental Security Income (SSI).
Pay for a wide variety of expenses using your ABLE account, supporting health, independence and quality of life.

Not sure if you or your loved one is eligible?

Answer a few quick questions to find out.

Take the Quiz

ABLEnow Advantages

For nearly a decade, ABLEnow has helped people with disabilities across all 50 states to save and invest with confidence. As the largest independent ABLE program in the country, ABLEnow combines national access with deep experience to support individuals and families wherever they live.

National Enrollment

ABLEnow accounts are available to eligible individuals in any state. If you move, your account can move with you.

Same Low Fee for All

ABLEnow offers a simple, transparent fee structure, with the same low fees for all account owners, regardless of where they live.

Funds That Fit Your Goals

ABLEnow offers a range of professionally managed investment options designed to support short-term needs, long-term planning, and everything in between.

Trusted Management

ABLEnow is administered by Commonwealth Savers, an independent government agency with decades of experience helping individuals and families save for the future.