Save money and keep your benefits. ABLEnow accounts are designed to supplement resources provided through private insurance, Medicaid, Supplemental Security Income (SSI), employment, and other sources.
Funds in an ABLEnow account won’t impact eligibility for public disability benefits that provide income, health care, food and housing assistance.
Supplement federal benefits
ABLEnow accounts do not generally impact eligibility for federal assistance programs that support millions of Americans with disabilities. This means that you can have an ABLEnow account and maintain your eligibility for benefits including Medicaid, the Supplemental Nutrition Assistance Program (SNAP), Social Security Disability Insurance (SSDI), housing assistance programs, and federal financial aid for higher education.
In addition, ABLEnow account balances below $100,000 do not impact Supplemental Security Income (SSI) benefit payments.
Supplement state benefits
State benefit programs and services can vary. Check with your benefits agency to determine if an ABLEnow account will affect any state-based disability benefits.
ABLEnow accounts will not affect eligibility for benefits offered by the Commonwealth of Virginia.
Benefits not required
Although ABLEnow allows eligible individuals to save beyond asset limits, benefits are not a requirement to open an account.
ABLEnow accounts offer advantages that can outweigh other types of saving tools, regardless of whether or not you currently receive public benefits. For many, an ABLEnow account is an essential part of a comprehensive special needs financial plan.
See the ABLEnow Program Description for complete rules and details on government benefits.
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Answer a few quick questions to find out.
Impact on disability benefits FAQs
An ABLEnow account is generally disregarded when determining eligibility for federal benefits, with two exceptions for individuals receiving Supplemental Security Income (SSI):
- Balances over $100,000. For the purposes of determining eligibility for SSI, any ABLEnow funds above $100,000 are considered an asset and may reduce or suspend benefits. Balances up to and including $100,000 are disregarded.
- Withdrawals for housing. Any withdrawal intended for housing that is not spent in the same calendar month is considered an asset and may reduce or suspend SSI benefits.
ABLEnow account balances do not affect Medicaid benefits, regardless of the amount.
An ABLEnow account is generally disregarded when determining eligibility for benefits provided by the Commonwealth of Virginia.
Residents of other states should check with their state benefits agencies to determine if an ABLEnow account affects any state-based disability benefits.
No. Individuals do not need to receive disability benefits to be eligible for an ABLEnow account. Learn more on the Eligibility page.
Yes, individuals with a disability can work and have an ABLEnow account, as long as they meet the program’s eligibility requirements.
Working Account Owners may also be eligible to contribute above the annual contribution limit through the ABLE to Work provision.
Unless required by federal law, the Virginia Department of Medical Assistance Services (DMAS) may not pursue Medicaid recovery claims against the ABLEnow or ABLEAmerica accounts of Virginia residents.
For customers who received Medicaid benefits outside Virginia during the time they had an ABLEnow or ABLEAmerica account open, that state’s Medicaid program can file a claim for some amount of repayment upon death. Before that happens, funds from the account may be used by their estate to repay any outstanding Qualified Disability Expenses, including funeral and burial costs.
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Other helpful resources
Use Your Account
Make the most of your savings
Eligibility
Take the quiz to see if you’re eligible.
For Virginians
Learn about Virginia specific benefits
Qualified Expenses
Learn how ABLEnow funds can be used.
