Build savings while protecting key benefits
Louisiana's Achieving a Better Life Experience (ABLE) program gives people with disabilities a tax-advantaged way to save for everyday expenses and long-term goals — without risking essential benefits.
Program Highlights
Why choose ABLE?
Whether you're managing your own account or supporting someone else, the Louisiana ABLE plan makes it easier to save and use funds in the way that best fits your unique needs.
Save without putting disability benefits at risk
ABLE accounts are designed to work alongside programs like SSI, Medicaid, and HUD, not against them.
Keep more of what you save
Enjoy tax-free¹ earnings and withdrawals for qualified expenses like housing and transportation.
Easily access savings when you need them
Use a debit card to conveniently pay for qualified disability expenses as they arise.
What you can do with ABLE
Choosing how and where to save for disability expenses can feel overwhelming. Louisiana ABLE offers valuable benefits that help simplify decisions, making it easier to save and invest toward your goals.
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Build savings
Contribute up to $20,000 annually--or more for employed account owners--and enjoy tax advantages like tax-free earnings and qualified withdrawals.1
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Save and invest with confidence
Choose the saving and investment options that best match your goals and comfort level.
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Pay for disability related expenses
Use savings for a wide range of qualified expenses that support health, independence, and quality of life.
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Eligibility
Who is eligible for ABLE?
U.S. citizens who live in Louisiana and have a valid Social Security number may be eligible for Louisiana ABLE if they became blind or disabled before age 46 and qualify for Social Security disability benefits or have a physician-certified diagnosis.
Ready to get started?
Gather some personal information and identifying documents for the account owner, along with banking information if applicable, and enroll online in as little as 15 minutes.
1 Earnings on non-qualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as applicable state and local income taxes.