Frequently Asked Questions

A person is eligible for an ABLE Account if their disability was present before the age of 46, and one of the following is true:

• They are eligible for Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) because of disability or blindness as defined by the Social Security Act (SSA).
• They have a medically determinable physical or mental impairment with marked, severe functional limitation that has lasted, or is expected to last, at least 12 continuous months or to result in death, with a written disability-related diagnosis by a physician.
• They have identified their condition on the Social Security Administration’s List of Compassionate Allowances Conditions.

Eligibility is determined by the age of onset. Therefore, even if the diagnosis did not occur until after age 46, if the onset occurred before attaining age 46, then the individual may be eligible to own an ABLE Account.

No. However you must meet the ABLE eligibility requirements (refer to, “Who is eligible to own an ABLE Account”, above).

No. However, you should have a record of the doctor’s signed diagnosis, benefits verification letter from the Social Security Administration, or other relevant documentation for Account verification in case it is requested by the ABLE plan or the governing bodies of ABLE: SSA or the IRS.

In the Account enrollment process, you will be asked to certify that if your condition ever changes so that you would no longer be eligible for an Account that you will notify the ABLE Plan. Based on that certification, the ABLE Plan will assume your eligibility continues until you notify the ABLE Plan of any change.

You can keep your ABLE Account open in case your disability later worsens, and you become eligible again. However, additional contributions cannot be made to your Account and any withdrawals you make while you are ineligible will be considered Non-Qualified Withdrawals.