Compare State Programs

No matter where you reside, you can open an ABLE account in any state that accepts outside residents into their program. And we can help you find the right fit.

How to use the Three-State Comparison Tool:

  1. Select up to three states below for a side-by-side comparison of various program characteristics.
  2. Click on “Learn More” under each selected state to go to that individual state page.
  3. Click on the “Program Name” to be directed to that state’s ABLE program to open your account.

The ABLE National Resource Center does not manage or issue ABLE accounts directly. We work with state ABLE programs to ensure information contained in our tools and resources is updated regularly. We monitor these resources closely, but all information remains subject to change by individual state ABLE programs. For details about any state ABLE program, refer to the state’s plan disclosure documents. 

Alabama /state-review/alabama/ Enable Savings Plan Alabama (click to open an account) https://al.enablesavings.com/ Open for Enrollment Nebraska State Treasurer Yes 15,000 12140 First National Bank of Omaha 5 First National Bank of Omaha: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes No No

SB 226

SB 226 Legislative Summary

Yes Yes 50 Yes 25 Yes The current account maintenance fee is $45 annually, which is charged $11.25 quarterly per account, not per investment option. No Yes There is a debit card at no additional cost to be used for assets in the checking investment option. Yes 0 The current account maintenance fee is $45 annually, which is charged $11.25 quarterly per account, not per investment option. $2 per month waived if minimum balance of $150 or electronic statement delivery $0 $5.00 to $5.50 on $1,000 per year 0 $0 $0

The State of Alabama, through the ABLE Program Board, contracted with the Nebraska State Treasurer to create Enable Savings Plan Alabama as part of the Trust.

Alaska /state-review/alaska/ Alaska ABLE Program (click to open an account) https://savewithable.com/ak/home.html Open for Enrollment Ascensus Yes 15,000 15180 Fifth Third Bank FDIC insurance up to $250,000, subject to certain restrictions. 6 BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option. Yes No Yes No No

Legislative Summary HB 188

Legislative Summary SB 104

Yes Yes 25 Yes 25 Yes $40 No Yes A $2.00 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250, or if enrolled in electronic statement delivery at Fifth Third bank. Yes 0 Maximum of $60 annually. See plan disclosure documents to learn how to reduce fees. $6 for 50 checks $0 or $1.75 to check balance; $2.75 for non participating ATM $3.40 to $3.70 on $1,000 per year. 0 $5 $0 or $1.75 to check balance; $2.75 for non participating ATM

This plan is a member of the National ABLE Alliance (NAA), a bi-partisan consortium of states working together to offer people with disabilities nationwide a best-in-class ABLE savings and investment program.  NAA plans include an exclusive, fully integrated Fifth Third, FDIC-insured checking account option, which is available with a real-time debit card and check-writing capability, and the easy-to-use Ugift feature to make gift contributions easy.

Program Administrator: Office of the Treasurer of the State of Alaska

Program Investment Manager: BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Firth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

Arizona /state-review/arizona/ AZ ABLE (click to open an account) https://az-able.com/ Open for Enrollment Intuition ABLE Solutions, LLC No 15,000 12140 Fifth Third Bank 4 Vanguard Yes No Yes No No

HB2388 is the legislation that establishes the Arizona ABLE Act program, AZ ABLE.
https://www.azleg.gov/legtext/52leg/2r/bills/hb2388p.htm

Yes Yes 50 Yes 1 Yes $42 No Yes $0 Yes 0 $42 $0 $0 Based on a $1000 account balance: $1.90 to $3.30 annually. 0 $10 annually (print/mail); $0 electronic $0

STABLE Account is the national ABLE savings program administered by the Office of the Ohio Treasurer of State. Through its partner state model, Arizona residents have access to a program that features the best customer service and offers ease of enrollment, unsurpassed website accessibility, an online portal to manage your account, some of the lowest investment management fees in the country, payroll deduction / direct deposit, and a loadable debit card with customizable spending controls and transactional recordkeeping.

Program Administrator: Office of Arkansas State Treasurer

Program Investment Manager: BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits, and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

Arkansas /state-review/arkansas/ Arkansas ABLE (click to open an account) https://savewithable.com/ar/home.html Open for Enrollment Ascensus Yes 15,000 12140 Fifth Third Bank 6 BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option. Yes No Yes Yes Yes, subject to federal and state probate laws. Yes Arkansas taxpayers can deduct $5,000 per taxpayer, $10,000 if filing jointly. This deduction only applies to contributions made to AR ABLE accounts. Consult with a Tax Preparer to discuss your tax matters.

Legislative Summary HB 1239

Yes Yes 25 No Yes $60 No Yes A $2.00 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250, or if enrolled in electronic statement delivery at Fifth Third Bank. Yes 0 $60. See plan disclosure documents to learn how to reduce fees. $6 fee for 50 checks $0 $3.40 - $3.70 on $1,000 investment per year 0 Paper statements: $13.75 quarterly if a Arkansas resident. $15 quarterly if not a resident. $0

This plan is a member of the National ABLE Alliance (NAA), a bi-partisan consortium of states working together to offer people with disabilities nationwide a best-in-class ABLE savings and investment program.  NAA plans include an exclusive, fully integrated Fifth Third, FDIC-insured checking account option, which is available with a real-time debit card and check-writing capability, and the easy-to-use Ugift feature to make gift contributions easy.

Program Administrator: Office of Arkansas Treasurer

Investment Manager: BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits, and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

California /state-review/california/ CalABLE (click to open an account) https://calable.ca.gov/ Open for Enrollment TIAA-CREF Tuition Financing, Inc. Yes 15,000 12140 TIAA Bank 4 TIAA-CREF: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” No No Yes Yes Subject to Federal and state probate laws. Medi-Cal will not file a claim directly on the ABLE account. However, the state may recover on assets that have transferred from an ABLE account to an estate. In these cases, Medi-Cal will recover only if ALL of the following apply: 1) The deceased Medi-Cal member was aged 55 or older; 2) The member leaves an estate that is subject to formal probate. Under current law, only estates that exceed $150,000 (on Jan 1, 2020 this increases to $166,250) in value are subject to formal probate; 3) The member received nursing facility services or home and community based services, including related hospital and prescription drug services; 4) The member is not survived by a spouse of registered domestic partner, child under 21 years of age, or disabled child of any age. Recipients of the estate may also apply for a hardship waiver against recovery on all or part of the estate. Recovery is limited to the amount of payments made for the services listed above (including managed care premiums) or the value of the estate, whichever is less. California Welfare and Institutions Code 4885(b), along with Center for Medicaid and Medicaid Services SMD# 17-002 “RE: Implications of the ABLE Act for State Medicaid Programs.”  Direction to states on recovery of ABLE accounts can be found on page 7. No

SB 324: http://www.leginfo.ca.gov/pub/15-16/bill/sen/sb_0301-0350/sb_324_bill_20150415_amended_sen_v98.html

AB 449:  http://www.leginfo.ca.gov/pub/15-16/bill/asm/ab_0401-0450/ab_449_bill_20150701_amended_sen_v96.html

AB 1553: http://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201520160AB1553

SB 218: http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180SB218

AB 384: http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180AB384

AB 688: http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180AB688

Yes Yes 25 Yes 25 Yes $37 No Fees apply to the prepaid card, for paper statements, withdrawing checks, bounced checks or additional services. No The fee for the pre-paid card is $1.25 per month. Yes 0 $37 $5 $0 $0 to $5.40 on $1,000 investment per year. 0 $10 $0 for ACH

CalABLE will have an ambassador program in the near future. CalABLE launched a financial literacy program with National Disability Institute. CalABLE funds have been exempted from monetary judgements via state law.

Contributions made by check or ACH will not be available for withdrawal for 10 business days. There will be a hold of 30 days on withdrawal requests when there is a change to the address in the account record or a change of legal authorized representative.

For ACH withdrawals, you will typically receive the funds within three to five business days after CalABLE processes the request. For a check withdrawal request, you will typically receive the check within seven to ten business days after CalABLE processes the request. However, those time frames are not
guaranteed, and various circumstances may cause your receipt of the funds or the check to be delayed.

Colorado /state-review/colorado/ Colorado ABLE (click to open an account) https://www.coloradoable.org/ Open for Enrollment CollegeInvest, a not-for-profit division within the Colorado Department of Higher Education Yes 15,000 12140 Fifth Third Bank 6 BlackRock, Schwab and Vanguard Yes No Yes No No

Colorado Legislation Colorado Legislation HB 1359

Yes Yes 25 No Yes $2 a month. Fee is waived if an average monthly balance of at least $250 is maintained. No Yes $2.00 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250, or if enrolled in electronic statement delivery at Fifth Third Bank. Yes 0 $2 a month. Fee is waived if an average monthly balance of at least $250 is maintained. $6 an order (50 checks). If you are invested in the checking option, you will be charged a monthly service charge of $2, as set forth in Appendix B to the plan disclosure statement. This fee is waived if your account has an average daily balance over $250, or if you are enrolled in electronic statement delivery. $2 per month $3.40 to $3.70 on $1,000 per year. 0 $0 $0

This plan is a member of the National ABLE Alliance (NAA), a bi-partisan consortium of states working together to offer people with disabilities nationwide a best-in-class ABLE savings and investment program.  NAA plans include an exclusive, fully integrated Fifth Third, FDIC-insured checking account option, which is available with a real-time debit card and check-writing capability, and the easy-to-use Ugift feature to make gift contributions easy.

Program Administrator: CollegeInvest, a not-for-profit division within the Colorado Department of Higher Education.

Program Investment Manager: BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits, and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

ATM fees: $2.75 for U.S. transactions, $5.00 for international transactions. Other ATM network owners may also assess a usage fee. No charge to use partner network ATMs. International POS/ATM Transaction Fee: 3% of transaction amount. Currency Conversion Fee: 0.20% of transaction amount.

Delaware /state-review/delaware/ DEPENDABLE (Click to open an account) https://savewithable.com/de/home.html Open for Enrollment Ascensus Yes 15,000 12140 Fifth Third Bank 6 BlackRock, Schwab and Vanguard No No Yes No No

Delaware Achieving a Better Life Experience Savings Accounts: https://delcode.delaware.gov/title16/c096a/index.shtml

 

Yes Yes 25 No Yes The current account maintenance fee is $45 annually, payable at $11.25 quarterly. With paper statements, the annual fee is $60, payable at $15 quarterly. No No Yes 0 Each account is charged an account maintenance fee of $15 each quarter. This fee can be discounted by $3.75 if you select email delivery for statements and confirmations. The fee can be discounted by another $1.25 if the account owner or authorized individual is a resident of Delaware. $0. Check book fee of $6 $0 $3.40 to $3.70 on $1,000 investment per year. 0 $0 $0

This plan is a member of the National ABLE Alliance (NAA), a bi-partisan consortium of states working together to offer people with disabilities nationwide a best-in-class ABLE savings and investment program. NAA plans include an exclusive, fully integrated Fifth Third, FDIC-insured checking account option, which is available with a real-time debit card and check-writing capability, and the easy-to-use Ugift feature to make gift contributions easy.

Program Administrator: Delaware Office of the State Treasurer

Program Investment Manager: BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

District of Columbia /state-review/district-columbia/ DC ABLE (click to open an account) https://savewithable.com/dc/home.html Open for Enrollment Ascensus Yes 15,000 12140 Fifth Third Bank 6 BlackRock, Schwab and Vanguard Yes No Yes No No

Legislative Summary B21-0252

Legislative Summary

B21-0252-Introduction

Yes Yes 25 No Yes $60/year in quarterly installments of $15. If you elect electronic delivery notification for statements and confirmations, your quarterly account maintenance fee will be discounted by $3.75. No No Yes 0 $60/year in quarterly installments of $15. If you elect electronic delivery notification for statements and confirmations, your quarterly account maintenance fee will be discounted by $3.75. If you are invested in the checking option, you will be charged a monthly service charge of $2, as set forth in Appendix B to the plan disclosure statement. This fee is waived if your account has an average daily balance over $250, or if you are enrolled in electronic statement delivery. If you are invested in the checking option, you will be charged a monthly service charge of $2, as set forth in Appendix B to the plan disclosure statement. This fee is waived if your Account has an average daily balance over $250, or if you are enrolled in electronic statement delivery. $3.40 to $3.70 on $1,000 per year. 0 Rolled into maintenance fee. ATM withdrawal: to find a fee-free Fifth Third Bank or partner network ATM, use the ATM Locator at www.53.com.

Program Administrator: D.C. Office of Finance and Treasury

BlackRock, Schwab, and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

This plan is a member of the National ABLE Alliance (NAA), a bi-partisan consortium of states working together to offer people with disabilities nationwide a best-in-class ABLE savings and investment program.  NAA plans include an exclusive, fully integrated Fifth Third, FDIC-insured checking account option, which is available with a real-time debit card and check-writing capability, and the easy-to-use Ugift feature to make gift contributions easy.

Program Administrator: D.C. Office of Finance and Treasury

Program Investment Manager: BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: Investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

Florida /state-review/florida/ ABLE United (click to open an account) https://www.ableunited.com/ Open for Enrollment ABLE United is the state of Florida’s ABLE Program and is administered by Florida ABLE, Inc., a direct-support organization of the Florida Prepaid College Board. Sumday is the plan manager for ABLE United and provides the online platform for the ABLE United Account. No 15,000 12140 BNY Mellon 8 BlackRock, Vanguard, Florida PRIME No No Yes Yes Subject to Federal and state probate laws. No No, there is no state income tax for residents of Florida.

ABLE (Achieving a Better Life Experience) Act

Yes Yes 25 No No No Yes 0 $0 $2.50 per paper check NA $0 to $2.90 on $1,000 investment annually 0 $10 annually $0

ABLE United is the State of Florida’s qualified able program. The program is administered by Florida ABLE, Inc. a direct-support organization of the Florida Prepaid College Board (Board). The Board, established in 1987, oversees approximately $10 billion in collective investments in the Stanley G.Tate Florida Prepaid College Program and the Florida 529 Savings Program. The mission of ABLE United is to encourage and assist the saving of private funds to help persons with disabilities cover costs that support their health, independence and quality of life.

ABLE United is the State of Florida’s qualified able program. The program is administered by Florida ABLE, Inc. a direct-support organization of the Florida Prepaid College Board (Board). The Board, established in 1987, oversees approximately $10 billion in collective investments in the Stanley G.Tate Florida Prepaid College Program and the Florida 529 Savings Program. The mission of ABLE United is to encourage and assist the saving of private funds to help persons with disabilities cover costs that support their health, independence and quality of life.

“Except as required by federal law, the Florida Medicaid program may not file a claim for Medicaid recovery of funds in an ABLE account. Any remaining funds in an ABLE account must first be distributed for Qualified Disability Expenses then transferred to the estate of the designated beneficiary or an ABLE account of another eligible individual specified by the beneficiary.

If the beneficiary receives Medicaid benefits, upon the death of the beneficiary, a state may request reimbursement for Medicaid benefits paid after establishment of the ABLE United account and after all outstanding Qualified Disability Expenses have been paid. The claim is limited to the total amount of assistance paid by the Medicaid program, less premiums paid by, or on behalf of, the beneficiary to a Medicaid Buy-In program under Title XIX of the Social Security Act. For this purpose, a state is considered a creditor of the account and not a beneficiary.”

Georgia /state-review/georgia/ Georgia STABLE (click to open an account) https://www.georgiastable.com/ Open for Enrollment Intuition ABLE Solutions, LLC No 15,000 12140 Fifth Third Bank 4 Vanguard Group, Inc. and Fifth Third Bank: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the BankSafe option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes No No

O.C.G.A §§ 30-9-1 through 30-9-16 establish the rules for Georgia STABLE.

Yes Yes 1 Yes The current account maintenance fee is $42 annually, payable at $3.50 monthly. No Yes $0 Yes 0 The current account maintenance fee is $42 annually, payable at $3.50 monthly. $0 $0 $1.90 - $3.40 on $1,000 investment per year. 0 $10 annually (print/mail); $0 electronic $0

STABLE Account is the national ABLE savings program administered by the Office of the Ohio Treasurer of State. Through its partner state model, Georgia residents have access to a program that features the best customer service and offers ease of enrollment, unsurpassed website accessibility, an online portal to manage your account, some of the lowest investment management fees in the country, payroll deduction / direct deposit, and a loadable debit card with customizable spending controls and transactional recordkeeping.

O.C.G.A §§ 30-9-1 through 30-9-16 establish the rules for Georgia STABLE.

Illinois /state-review/illinois/ Illinois ABLE (click to open an account) https://savewithable.com/il/home.html Open for Enrollment Ascensus Yes 15,000 12140 Fifth Third Bank 6 BlackRock, Schwab and Vanguard: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes Yes Subject to Federal and state probate laws. Yes Illinois taxpayers can deduct $10,000 if filing as individual and $20,000 if filing jointly. This deduction only applies to contributions made to IL ABLE accounts. Consult with a tax preparer to discuss your tax matters.

EXECUTIVE OFFICERS (15ILCS 505/) StateTreasurer Act http://www.ilga.gov/legislation/ilcs/ilcs3.asp?ActID=210&ChapterID=4

 

Yes Yes 25 Yes 25 Yes The quarterly account maintenance fee of $15.00 for paper statement delivery ($60 annually) is reduced to $11.25 quarterly ($45 annually) for accounts that receive electronic statements. No Yes A Fifth Third Bank checking account option is available with a real-time debit card and no overdraft fees. The $2.00 monthly fee will be waived for accounts with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. Yes 0 The quarterly account maintenance fee of $15.00 for paper statement delivery ($60 annually) is reduced to $11.25 quarterly ($45 annually) for accounts that receive electronic statements. A Fifth Third Bank checking account option is available with a real-time debit card and no overdraft fees. The $2.00 monthly fee will be waived for accounts with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. A Fifth Third Bank checking account option is available with a real-time debit card and no overdraft fees. The $2.00 monthly fee will be waived for accounts with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. $3.40 to $3.70 on $1,000 investment per year. 0 There is a separate account maintenance fee for the checking option, which can be waived if you choose electronic delivery or maintain an average monthly balance of $250, or more in the checking option during your monthly statement cycle. $0

Illinois is a member of the National ABLE Alliance, a bi-partisan consortium of states. Illinois ABLE account owners benefit from powerful oversight, high-quality plan features and low-cost, strong-performing investments.  Account owners have access to an exclusive, fully integrated Fifth Third, FDIC-insured checking account option, which is available with a real-time debit card and check-writing capability.  The Illinois ABLE plan is available to both in-state and out-of-state residents, and Illinois taxpayers who contribute to Illinois ABLE accounts can take a deduction from state income taxes.  Anyone can contribute to an Illinois ABLE account, and the easy-to-use Ugift feature makes gift contributions easy.

Program Administrator: Office of the Illinois State Treasurer

Program Investment Manager: BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

Indiana /state-review/indiana/ INvestABLE Indiana (click to open an account) https://savewithable.com/in/home.html Open for Enrollment Ascensus Yes 15,000 12140 Fifth Third Bank 6 BlackRock, Schwab and Vanguard: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes No No

http://iga.in.gov/legislative/2016/bills/senate/11

http://iga.in.gov/legislative/2016/bills/senate/184

http://iga.in.gov/legislative/2016/bills/house/1407

Yes Yes 25 No Yes Maximum of $60 annually. The current account maintenance fee is $45 annually, payable at $11.25 quarterly if you choose electronic delivery for statements. With paper statements, the fee is $60 annually, payable at $15 quarterly. No Yes A $2.00 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250, or if enrolled in electronic statement delivery at Fifth Third Bank. Yes 0 The current account maintenance fee is $45 annually, payable at $11.25 quarterly if you choose electronic delivery for statements. With paper statements, the fee is $60 annually, payable at $15 quarterly. If you are invested in the checking option, you will be charged a monthly service charge of $2 as set forth in Appendix B to the Plan Disclosure Statement. This fee is waived if your account has an average daily balance over $250, or if you are enrolled in electronic statement delivery. $0 $3.40 to $3.70 on $1,000 per year. 0 Rolled into maintenance fee. You may request a withdrawal from the member plan, which can be sent by check or ACH to the account owner. You may also access funds invested in the checking option by using your debit card, by making an ATM withdrawal or by writing a check. To find a fee-free Fifth Third Bank or partner network ATM, use the ATM Locator at www.53.com

This plan is a member of the National ABLE Alliance (NAA), a bi-partisan consortium of states working together to offer people with disabilities nationwide a best-in-class ABLE savings and investment program.  NAA plans include an exclusive, fully integrated Fifth Third, FDIC-insured checking account option, which is available with a real-time debit card and check-writing capability, and the easy-to-use Ugift feature to make gift contributions easy.

Program Administrator: Indiana ABLE Authority

Program Investment Manager: BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits, and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

Iowa /state-review/iowa/ IAble (click to open an account) https://www.iable.gov/ Open for Enrollment Ascensus Yes 15,000 12140 BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option. 6 BlackRock, Schwab and Vanguard Yes No Yes No Yes Iowa taxpayers can deduct up to $3,387 per account in contributions from their adjusted gross income for 2019. This deduction only applies to contributions made to IA ABLE accounts. Consult with a tax preparer to discuss your tax matters.

Iowa Able Savings Plan Trust, Iowa Code 12I

https://www.legis.iowa.gov/law/iowaCode/sections?codeChapter=12I&year=2018

 

Yes Yes 25 Yes 25 Yes The current account maintenance fee is $45 annually, payable at $11.25 quarterly. With paper statements, the annual fee is $60, payable at $15 quarterly. No Yes A $2.00 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250, or if enrolled in electronic statement delivery at Fifth Third Bank. Yes 0 The current account maintenance fee is $45 annually, payable at $11.25 quarterly. With paper statements, the annual fee is $60, payable at $15 quarterly. $2 as set forth in Appendix B to the Plan Disclosure Statement. This fee is waived if your account has an average daily balance over $250, or if you are enrolled in electronic statement delivery. $3.40 to $3.70 on $1,000 investment per year. 0 Rolled into maintenance fee $0

This plan is a member of the National ABLE Alliance (NAA), a bi-partisan consortium of states working together to offer people with disabilities nationwide a best-in-class ABLE savings and investment program.  NAA plans include an exclusive, fully integrated Fifth Third, FDIC-insured checking account option, which is available with a real-time debit card and check-writing capability, and the easy-to-use Ugift feature to make gift contributions easy.

Program Administrator: Office of Iowa State Treasurer

Program Investment Manager: BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits, and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

Kansas /state-review/kansas/ Kansas ABLE Savings Plan (click to open an account) https://savewithable.com/ks/home.html Open for Enrollment Ascensus Yes 15,000 12140 Fifth Third Bank 6 BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option. Yes No Yes Yes Subject to Federal and state probate laws. See disclosure document. Yes Kansas taxpayers can deduct up $3,000 per individual/$6,000 per couple. This deduction only applies to contributions made to KS ABLE accounts. Consult with a tax preparer to discuss your tax matters.

Legislative Summary

Yes Yes 25 No Yes The current account maintenance fee is $45 annually ($40 for Kansas account owners), payable at $11.25 quarterly for non-residents and $10 quarterly for Kansas residents. With paper statements, the annual fee is $60, payable at $15 quarterly. No Yes A $2.00 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250, or if enrolled in electronic statement delivery at Fifth Third Bank. Yes 0 The current account maintenance fee is $45 annually ($40 for Kansas account owners), payable at $11.25 quarterly for non-residents and $10 quarterly for Kansas residents. With paper statements, the annual fee is $60, payable at $15 quarterly. $6 fee for 50 checks A $2.00 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250, or if enrolled in electronic statement delivery at Fifth Third Bank. $3.40 to $3.70 on $1,000 investment per year. 0 Rolled into maintenance fee. $2.50 for out of network ATM

This plan is a member of the National ABLE Alliance (NAA), a bi-partisan consortium of states working together to offer people with disabilities nationwide a best-in-class ABLE savings and investment program.  NAA plans include an exclusive, fully integrated Fifth Third, FDIC-insured checking account option, which is available with a real-time debit card and check-writing capability, and the easy-to-use Ugift feature to make gift contributions easy.

Program Administrator: Office of Kansas State Treasurer

Program Investment Manager: BlackRock, Schwab and Vanguard

Please see the disclosure document regarding more information on: investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

Kentucky /state-review/kentucky/ STABLE Kentucky (click to open an account) https://www.stablekentucky.com/ Open for Enrollment Intuition ABLE Solutions, LLC No 15,000 12140 Fifth Third Bank 5 Vanguard Group, Inc.: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes No No

Kentucky Revised Statutes § 205.200, KRS 41.415 & KRS 164A.260 establishes the rules for STABLE Kentucky.

Yes Yes 50 Yes $42 annually, payable at $3.50 monthly. No Yes No added cost Yes 0 $42 $0 $0 $1.90 - $3.40 on $1,000 investment per year. 0 $10 annually (print/mail); $0 electronic $0

STABLE Account is the national ABLE savings program administered by the Office of the Ohio Treasurer of State. Through its partner state model, Kentucky residents have access to a program that features the best customer service and offers ease of enrollment, unsurpassed website accessibility, an online portal to manage your account, some of the lowest investment management fees in the country, payroll deduction / direct deposit, and a loadable debit card with customizable spending controls and transactional recordkeeping.

Kentucky Revised Statutes § 205.200 establishes the rules for STABLE Kentucky.

Louisiana /state-review/louisiana/ Louisiana ABLE Account Program (click to open an account) https://www.able.osfa.la.gov/ Open for Enrollment Louisiana Office of Student Financial Assistance (LAOSFA) and Louisiana Tuition Trust Authority (LATTA) No 15,000 12140 7 Vanguard Inc: “ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” No No Yes No No

HOUSE BILL NO. 598 ACT NO. 411
HOUSE BILL NO. 833 ACT NO. 93

HOUSE BILL 598 Legislative Summary

HOUSE BILL 833 Legislative Summary

 

No Yes 10 No Yes Disbursements must be $200 or greater, unless the purpose it to close the account and the account is valued at less than $200. No Yes 0 $0 $0 $0 $160 on $1,000 per year. 0 $0 $0

The ABLE Act was passed on 5/16/14 as Act 93 (HB 833), prior to the federal passage of the ABLE Act in December 2014. HB 598 was signed into law as Act 411 on 7/1/15 to amend Act 93.

Maryland /state-review/maryland/ Maryland ABLE (click to open an account) https://www.marylandable.org Open for Enrollment to residents of any U.S. state. Maryland 529 Yes 15,000 12140 BNY Mellon 4 Vanguard: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes Yes Subject to federal and state probate laws. "Yes. The provisions of Maryland HB 782/SB 550 section 18–19C–10 reads as follows: Unless prohibited by Federal law, on the death of a designated beneficiary, money and assets in an ABLE account may be transferred to: (1) The estate of the designated beneficiary or (2) An ABLE account for another eligible individual specified by the designated beneficiary or the estate of the designated beneficiary. (b) Unless required by Federal law, an agency or instrumentality of the state may not seek payment under § 529a(f) of the internal revenue code from an ABLE account or its proceeds for any amount of medical assistance paid for the designated beneficiary. Section 2: And be it further enacted that this act shall take effect June 1, 2018." Yes There is a Maryland income tax deduction of up to $2,500 per contributor, beneficiary and year, with a 10 year carry forward of excess contributions.

House Bill 431

Yes Yes 25 Yes 10 Yes The current account maintenance fee is $35 per year, pro-rated based on the time of enrollment and payable at $8.75 per quarter. It is deducted directly from the ABLE account. No Yes $1.25 a month Yes 50 35 The program does not have a checking account option. However, paper checks can be requested, if needed, for an additional cost. The debit card option provides access. $1.25 $6.50 to $7.39 on $1,000 investment per year. 0 Statements are readily available online at no cost. To receive delivery of paper statements, there is an annual $10 charge. 0

Maryland ABLE has included in its rollover and gifting process a step for approval and limiting by the beneficiary or ALR to ensure that beneficiaries with savings goals can maintain benefits (which are based on assets outside of the ABLE account) throughout the calendar year.

There is a maximum of a seven business day hold after contributions have been received and accepted by the program for funds to be available for withdrawal.

Massachusetts /state-review/massachusetts/ The Attainable Savings Plan (click to open an account) https://www.fidelity.com/able/attainable/overview Open for Enrollment Fidelity MEFA - https://www.mefa.org/products/attainable/ Yes 15,000 12140 NA 8 Fidelity Investments: “ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes No No

PartI/TitleII/Chapter15C/Section29

 

No No No 25 No No Yes 0 "Open a Fidelity® Cash Management Account and use a debit card, fee-free ATMs, BillPay and free check writing to manage your disability-related expenses." Yes 0 $0 $0 $0 $5.70 to $9.30 on $1,000 for one year 0 $0

Open a Fidelity Cash Management Account once your Attainable account has been funded. Use your Fidelity Cash Management Account features like a debit card, fee-free ATMs and free check writing to manage your disability-related expenses.
“Attainable Savings Plan features: An Attainable account is an easy and accessible way to invest and save for qualified disability expenses.
– Make annual contributions up to $15,000 for 2019 (up to $27,140 per year for a designated beneficiary who is employed and has employment income)*
– Choose from a range of professionally managed investment portfolios
– Use your account to save and pay for qualified disability expenses over the short and long term”
“Get help saving more: Earnings will grow tax deferred and are federal income tax free when used for qualified disability expenses. Keep disability benefits. Money in the account does not impact Medicaid benefits, and balances below $100,000 do not impact SSI benefits. Plan for the future: Save for disability-related expenses and access your money whenever you need it.”

HB 4047 became Chapter 226 of the Acts of 2014. HD 3753 was introduced to revise the pre-federal legislation and as of 1/21/16 is in the House Ways and Means committee.

Note that a debit card option is ONLY available to Attainable Plan customers who also open a Fidelity Cash Management Account. Attainable plan customers can open a Fidelity Cash Management Account and transfer money easily from their Attainable account to their Fidelity Cash Management Account. The Fidelity Cash Management Account provides a no annual fee debit card with ATM-fee reimbursement, free check writing, free Fidelity Billpay, the option to open as a joint account and the option to receive text alerts on Debit Card usage.

 

Michigan /state-review/michigan/ MiABLE (click to open an account) https://www.miable.org/ Open for Enrollment TSA Consulting Group, Inc. Yes 15,000 12140 FPS Trust 6 Purdent: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes No Medicaid payback is not specifically waived. However, Medicaid has never requested payback. Yes $5,000 of contributions are deductible for Michigan individual income tax purposes. $10,000 of contributions for joint filers are deductible for Michigan income tax purposes.

Achieve a Better Life Experience (ABLE) Act S.1872/H.R.3423

 

Yes Yes 25 Yes 25 Yes $45 yearly, $11.25 quarterly No Yes Replacement fee only Yes 0 $45 per year; $11.25 quarterly $10 $0 $3.00 to $3.70 on $1,000 investment per year 0 $0 $0

MiABLE has one of the highest aggregate limits ($500 K). They offer a public contribution website (crowd funding) and a relatively high state tax deduction.

Deposits subject to a five business day hold.
Minimum deposit: $25. $15 if enrolled in re-occurring payments.

Minnesota /state-review/minnesota/ Minnesota ABLE Plan (click to open an account) https://savewithable.com/mn/home.html Open for Enrollment Ascensus Yes 15,000 12140 Fifth Third Bank 6 BlackRock, Schwab and Vanguard. Yes No Yes No No

Minnesota Legislation

Yes Yes 25 No Yes Maximum $60 annually. The current account maintenance fee is $45 annually ($40 for Minnesota account owners), payable at $11.25 quarterly for non-residents and $10 quarterly for Minnesota residents. With paper statements, the annual fee is $60, payable at $15 quarterly. No No Yes 0 The current account maintenance fee is $45 annually ($40 for Minnesota account owners), payable at $11.25 quarterly for non-residents and $10 quarterly for Minnesota residents. With paper statements, the annual fee is $60, payable at $15 quarterly. Monthly service charge of $2.00, as set forth in Appendix B of the plan disclosure statement. This fee is waived if your checking option has an average daily balance over $250, or if you are enrolled in electronic statement delivery at www.53.com. NA $3.40 to $3.70 on $1,000 investment per year. 0 Rolled into maintenance fee. ATM fee - Free with Fifth Third Bank or partner network ATM. Use the ATM Locator at www.53.com.

This plan is a member of the National ABLE Alliance (NAA), a bi-partisan consortium of states working together to offer people with disabilities nationwide a best-in-class ABLE savings and investment program.  NAA plans include an exclusive, fully integrated Fifth Third, FDIC-insured checking account option, which is available with a real-time debit card and check-writing capability, and the easy-to-use Ugift feature to make gift contributions easy.

Program Administrator: Minnesota Department of Human Services

Program Investment Manager: BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

Mississippi /state-review/mississippi/ Mississippi ABLE Program (click to open an account) http://savewithable.com/ms/home.html Open for Enrollment Mississippi Department of Rehabilitation Services Yes 15,000 12140 Fifth Third Bank 7 BlackRock, Schwab and Vanguard Yes No Yes No Yes Deduction up to the total amount contributed to a Mississippi ABLE account. Consult with a tax preparer to discuss your tax matters.

https://legiscan.com/MS/bill/SB2311/2017 Mississippi Code Section 43-28-1 et. seq.

 

Yes Yes 50 No Yes Maximum of $60 annually. See Plan Disclosure Documents to learn how to reduce fees. No Yes There are no fees associated with the debit card. Yes 0 If you are invested in the checking option, you will be charged a monthly service charge of $2 as set forth in Appendix B to the Plan Disclosure Statement. This fee is waived if your account has average daily balance over $250, or if you are enrolled in electronic statement delivery. $0 $3.40 to $3.70 on $1,000 investment per year. 0 Rolled into maintenance fee. $0

This plan is a member of the National ABLE Alliance (NAA), a bi-partisan consortium of states working together to offer people with disabilities nationwide a best-in-class ABLE savings and investment program.  NAA plans include an exclusive, fully integrated Fifth Third, FDIC-insured checking account option, which is available with a real-time debit card and check-writing capability, and the easy-to-use Ugift feature to make gift contributions easy.

Program Administrator: Mississippi Department of Rehabilitation Services

Program Investment Manager: BlackRock, Schwab, and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits, and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

Missouri /state-review/missouri/ MO ABLE (click to open an account) https://www.moable.com/ Open for Enrollment Intuition ABLE Solutions, LLC No 15,000 12140 Fifth Third Bank 4 Vanguard Group, Inc. and Fifth Third Bank: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes No Yes Missouri offers an annual state income tax deduction of up to $8,000 for single filers and $15,000 for joint filers.

Missouri Revised Statutes §§ 209.605-209.645 establishes the rules for MO ABLE

Yes Yes 50 Yes The current account maintenance fee is $42 per year, payable at $3.50 per month. No Yes $0 Yes 0 The current account maintenance fee is $42 per year, payable at $3.50 per month. $0 $0 $1.90 to $3.30 on $1,000 investment per year. 0 $10 annually (print/mail); $0 electronic statement No ATM use

STABLE Account is the national ABLE savings program administered by the Office of the Ohio Treasurer of State. Through its partner state model, Missouri residents have access to a program that features the best customer service and offers ease of enrollment, unsurpassed website accessibility, an online portal to manage your account, some of the lowest investment management fees in the country, payroll deduction / direct deposit, and a loadable debit card with customizable spending controls and transactional recordkeeping.

Missouri Revised Statutes §§ 209.605-209.645 establishes the rules for MO ABLE.

Montana /state-review/montana/ Montana ABLE (click to open an account) https://savewithable.com/mt/home.html Open for Enrollment Ascensus Yes 15,000 12140 Fifth Third Bank 6 BlackRock, Schwab and Vanguard Yes No Yes No Yes Montana taxpayers can deduct $3,000 per tax year for contributions to their own account, spouse or their child. This deduction only applies to contributions made to MT ABLE accounts. Consult with a tax preparer to discuss your tax matters.

Montana ABLE Legislation SB-399-Legislative-Summary[1] Montana ABLE Legislation SB-399-Legislative-Summary[1]

http://laws.leg.mt.gov/legprd/LAW0203W$BSRV.ActionQuery?

P_SESS=20191&P_BLTP_BILL_TYP_CD=SB&P_BILL_NO=207&P_BILL_DFT_NO=&P_CHPT_NO=&Z_ACTION=Find&P_ENTY_ID_SEQ2=&P_SBJT_SBJ_CD=&P_ENTY_ID_SEQ=

Yes Yes 25 No Yes Each account is charged a quarterly account maintenance fee of $15. If you elect electronic delivery notification for statements and confirmations, your quarterly account maintenance fee will be discounted by $3.75. No Yes If you are invested in the checking option, you will be charged a monthly service charge of $2.00. The fee is waived if your account has an average daily balance over $250, or if you are enrolled in electronic statement delivery. The FDIC-insured checking option is from Fifth Third Bank. Yes 0 Maximum $60 per year. Each account is charged a quarterly account maintenance fee of $15. If you elect electronic delivery notification for statements and confirmations, your quarterly account maintenance fee will be discounted by $3.75. If you are invested in the checking option, you will be charged a monthly service charge of $2 as set forth in Appendix B to the Plan Disclosure Statement. This fee is waived if your account has an average daily balance over $250, or if you are enrolled in electronic statement delivery. $0 $3.40 to $3.70 on $1,000 investment per year. 0 Rolled into maintenance fee. $0 if using a member ATM. To find a fee-free Fifth Third Bank or partner network ATM, use the ATM Locator at www.53.com. I

This plan is a member of the National ABLE Alliance (NAA), a bi-partisan consortium of states working together to offer people with disabilities nationwide a best-in-class ABLE savings and investment program.  NAA plans include an exclusive, fully integrated Fifth Third, FDIC-insured checking account option, which is available with a real-time debit card and check-writing capability, and the easy-to-use Ugift feature to make gift contributions easy.

Program Administrator: Montana Department of Public Health and Human Services

Program Investment Manager: BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits, and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

Nebraska /state-review/nebraska/ Enable Savings Plan (click to open an account) https://www.enablesavings.com/ Open for Enrollment First National Bank of Omaha Yes 15,000 12140 First National Bank of Omaha 4 The Nebraska Investment Council: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes No Yes Contributions by anyone who files a Nebraska state income tax return are eligible to receive a Nebraska state income tax deduction for their own contributions of up to $10,000 ($5,000 if married, filing separately). Yes Yes 50 Yes 25 Yes The current account maintenance fee is $45 annually, payable at $11.25 quarterly. No Yes There is a debit card at no additional cost to be used for assets in checking. Yes 0 The current account maintenance fee is $45 annually, payable at $11.25 quarterly. $2.00 per month unless enrolled in electronic statement delivery. To enroll in electronic statement delivery for the checking investment option, once you receive your debit card, visit www.53.com, register your account, and click on documents to select your delivery preferences. Maintain an average monthly checking investment option balance of at least $250. $5.00 to $5.50 on $1,000 per calendar year. 0 Rolled into maintenance fee. $0 – No Charge to use Fifth Third Bank ATMs or partner network ATMs, as found on Branch & ATM locator on 53.com

Your account must maintain or have a minimum balance of $50.

Nevada /state-review/nevada/ ABLE Nevada (click to open an account) https://savewithable.com/nv/home.html Open for Enrollment Ascensus Yes 15,000 12140 Fifth Third Bank 6 BlackRock, Schwab and Vanguard Yes No Yes No No There is no state income tax for residents of Nevada.

Nevada Legislation Senate Bill No. 419 (2015) – Committee on Health and Human Services

Yes Yes 25 No Yes Maximum: $60 per year. For Nevada residents: $10 per quarterly, or $13.75 for paper statements quarterly at $55.00 per year. For non-Nevada residents: account maintenance fee is $45 annually, payable at $11.25 quarterly for electronic delivery of statements. For paper delivery of statements, the fee is $60 annually, payable at $15 quarterly. No Yes A $2.00 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250, or if enrolled in electronic statement delivery at Fifth Third Bank. Yes 0 The current account maintenance fee is $45 annually, payable at $11.25 quarterly for electronic delivery of statements. For paper delivery of statements, the fee is $60 annually, payable at $15 quarterly. $6 fee for 50 checks A $2.00 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250, or if enrolled in electronic statement delivery at Fifth Third bank. $3.40 to $3.70 on $1,000 investment per year. 0 Included in maintenance fee. $2.75 at non-partner ATM

This plan is a member of the National ABLE Alliance (NAA), a bi-partisan consortium of states working together to offer people with disabilities nationwide a best-in-class ABLE savings and investment program.  NAA plans include an exclusive, fully integrated Fifth Third, FDIC-insured checking account option, which is available with a real-time debit card and check-writing capability, and the easy-to-use Ugift feature to make gift contributions easy.

Program Administrator: Office of Nevada State Treasurer

Program Investment Manager: BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: Investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

New Hampshire /state-review/new-hampshire/ STABLE NH (click to open an account) https://www.stablenh.com/ Open for Enrollment Intuition ABLE Solutions, LLC No 15,000 12140 Fifth Third Bank 4 Vanguard Group, Inc. and Fifth Third Bank: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes No No There is no state income tax for residents of New Hampshire.

New Hampshire RSA 195-K establishes the rules for STABLE NH

Yes Yes 50 Yes The current account maintenance fee is $42 per year, payable at $3.50 per month. No Yes There are no added costs for the STABLE Card, a loadable prepaid debit card. Yes 0 The current account maintenance fee is $42 per year, payable at $3.50 per month $0 $0 Based on a $1,000 account balance: $1.90 to $3.30 per year. 0 $10 annually (print/mail); $0 electronic $0

STABLE Account is the national ABLE savings program administered by the Office of the Ohio Treasurer of State. Through its partner state model, New Hampshire residents have access to a program that features the best customer service and offers ease of enrollment, unsurpassed website accessibility, an online portal to manage your account, some of the lowest investment management fees in the country, payroll deduction / direct deposit, and a loadable debit card with customizable spending controls and transactional recordkeeping.

New Jersey /state-review/new-jersey/ NJ ABLE (click to open an account) https://savewithable.com/nj/home.html Open for Enrollment Ascensus Yes 15,000 12140 Fifth Third Bank 6 BlackRock, Schwab and Vanguard Yes No Yes No No

A3959 Legislative Summary

A3959 1R

 

Yes Yes 25 No 25 Yes Maximum: $60 annually. The current account maintenance fee for electronic statements is $45 annually, payable at $11.25 quarterly. With paper statements, the annual fee is $60, payable at $15 quarterly. No Yes $0 Yes 0 The current account maintenance fee for electronic statements is $45 annually payable at $11.25 quarterly. With paper statements, the annual fee is $60, payable at $15 quarterly. $6 fee for 50 checks A $2.00 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250, or if enrolled in electronic statement delivery at Fifth Third bank. $3.40 to $3.70 on $1,000 investment per year. 0 included in annual maintenance fee. A $2.00 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250, or if enrolled in electronic statement delivery at Fifth Third bank.

This plan is a member of the National ABLE Alliance (NAA), a bi-partisan consortium of states working together to offer people with disabilities nationwide a best-in-class ABLE savings and investment program.  NAA plans include an exclusive, fully integrated Fifth Third Bank, FDIC-insured checking account option, which is available with real-time debit card and check-writing capability and the easy-to-use Ugift feature to make gift contributions easy.

Program Administrator: New Jersey Department of Human Services

Program Investment Manager: BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

New Mexico /state-review/new-mexico/ ABLE New Mexico (click to open an account) https://ablenewmexico.com/ Open for Enrollment Intuition ABLE Solutions, LLC No 15,000 12140 Fifth Third Bank 4 Vanguard Group, Inc: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes No No

New Mexico HB61 established the rules for ABLE New Mexico.

Yes Yes 50 Yes The current account maintenance fee is $42 annually, payable at $3.50 monthly. No Yes There are no added costs for the STABLE Card, a loadable prepaid debit card. Yes 0 The current account maintenance fee is $42 annually, payable at $3.50 monthly. $0 $0 Based on a $1000 account balance: $1.90 to $3.30 per year. 0 $10 annually (print/mail); $0 electronic $0

STABLE Account is the national ABLE savings program administered by the Office of the Ohio Treasurer of State. Through its partner state model, New Mexico residents have access to a program that features the best customer service and offers ease of enrollment, unsurpassed website accessibility, an online portal to manage your account, some of the lowest investment management fees in the country, payroll deduction / direct deposit, and a loadable debit card with customizable spending controls and transactional recordkeeping.

New Mexico HB61 established the rules for ABLE New Mexico.

New York /state-review/new-york/ NY ABLE (click to open an account) https://www.mynyable.org/ Open for Enrollment Ascensus No 15,000 12140 Fifth Third Bank 4 Ascenus Broker Dealer Services, Inc. is the investment manager. NY ABLE offers Vanguard investments and portfolios, which include a Sallie Mae Savings Account: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes No No

SB 4472S 6397

Legislative Summary SB 4472

Legislative Summary S 6397

If your state has not yet passed ABLE legislation allowing for the development of an ABLE program, we encourage you to contact your state legislator to inform them about the program’s benefits. It is important that your state legislator understands that passing ABLE legislation allows individuals with disabilities in their state to save for their future, a near impossible task prior to this law. For more information on how to find and contact your state legislator, please click on the link below.

Find Your New York Legislator

Yes Yes 25 Yes There is a $45 annual fee, payable at $11.25 quarterly. If paper statements are selected, the fee increases to $13.75 per quarter ($55 annually). No Yes There is no fee charged to obtain the NY ABLE debit card. There is a monthly $2 maintenance fee for the checking option that can be waived if the average daily balance is over $250, or by electing electronic statements at Fifth Third Bank. Yes 0 There is a $45 annual fee, payable at $11.25 quarterly. If paper statements are selected, the fee increases to $13.75 per quarter ($55 annually). Accounts invested in the checking option will be charged a $2 monthly service charge. The fee is waived for average daily balances over $250, or accounts enrolled in electronic statement delivery directly with Fifth Third Bank. There is no fee charged to obtain the NY ABLE debit card. The annual investment fee is $4.00 on a balance of $1,000. 0 If you elect paper delivery for statements and confirmations, your quarterly account maintenance fee will be $13.75. $0

NY ABLE is offered by the Office of the New York State Comptroller. NY ABLE provides an easy to use platform with diversified investment options, including a checking and debit option to allow ease of use, and outstanding customer service. Contributions and withdrawals can be made in a variety of ways, making NY ABLE versatile and accessible to all eligible New Yorkers.

S 6397 will amend SB 4472 and some details regarding New York ABLE account ownership, contributions and distributions. The bill was amended on 2/2/16 during its third reading.

North Carolina /state-review/north-carolina/ NC ABLE (click to open an account) https://savewithable.com/nc/home.html Open for Enrollment Ascensus Yes 15,000 12140 Fifth Third Bank 6 BlackRock, Schwab, and Vanguard Yes No Yes No No

https://www.ncleg.gov/BillLookup/2015/H556 HB  556 Legislative Summary

Yes Yes 25 No Yes Maximum $60 annually. The current account maintenance fee is $45 annually, payable at $11.25 quarterly. With paper statements, the annual fee is $60, payable at $15 quarterly. No Yes A $2.00 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average monthly balance over $250, or if enrolled in electronic statement delivery at Fifth Third Bank. Yes 0 The current account maintenance fee is $45 annually, payable at $11.25 quarterly. With paper statements, the annual fee is $60, payable at $15 quarterly. $6 fee for 50 checks $0 $3.40 to $3.80 on $1,000 investment per year. 0 Included in maintenance fee $0

This plan is a member of the National ABLE Alliance (NAA), a bi-partisan consortium of states working together to offer people with disabilities nationwide a best-in-class ABLE savings and investment program. NAA plans include an exclusive, fully integrated Fifth Third Bank, FDIC-insured checking account option, which is available with real-time debit card and check-writing capability, and the easy-to-use Ugift feature to make gift contributions easy.

Program Administrator: Office of North Carolina Treasurer

Program Investment Manager: BlackRock, Schwab, and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

Ohio /state-review/ohio/ STABLE Account (click to open an account) https://www.stableaccount.com/ Open for Enrollment Intuition ABLE Solutions, LLC Yes 15,000 12140 Fifth Third Bank 4 Vanguard Group, Inc: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the BankSafe option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes No Yes $4,000 of contributions are deductible for Ohio individual income tax purposes (with unlimited carry forward).

Ohio House Bill 155 implements the federal ABLE Act in Ohio

Yes Yes 50 Yes 1 Yes $30.00 per year for Ohio residents and $42 per year for non-Ohio residents. No Yes There are no added costs for the STABLE Card, a loadable prepaid debit card. Yes 0 The current account maintenance fee is $30 per year, payable at $2.50 per month, for Ohio account owners and $42 per year, payable at $3.50 per month, for non-Ohio account owners. 0 0 Based on a $1000 account balance: $1.90 to $3.30 for Ohio residents and $4.50 to $5.90 for out-of-state residents. 0 $10 annually (print/mail); $0 electronic 0

The program features the best customer service and offers ease of enrollment, unsurpassed website accessibility, an online portal to manage your account, some of the lowest investment management fees in the country, payroll deduction / direct deposit and a loadable debit card with customizable spending controls and transactional record keeping.

Oklahoma /state-review/oklahoma/ Oklahoma STABLE (click to open an account) https://okstable.org/ Open for Enrollment Intuition ABLE Solutions, LLC No 15,000 12140 Fifth Third Bank 4 Vanguard Group, Inc. and Fifth Third Bank: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the BankSafe option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes No No

Oklahoma HB 2821 establishes the rules for Oklahoma STABLE.

Yes Yes 1 Yes The current account maintenance fee is $42 annually, payable at $3.50 monthly. No Yes $0 Yes 0 The current account maintenance fee is $42 annually, payable at $3.50 monthly. $0 $0 $1.90 - $3.40 on $1,000 investment per year. 0 $10 annually (print/mail); $0 electronic $0

STABLE Account is the national ABLE savings program administered by the Office of the Ohio Treasurer of State. Through its partner state model, Oklahoma residents have access to a program that features the best customer service and offers ease of enrollment, unsurpassed website accessibility, an online portal to manage your account, some of the lowest investment management fees in the country, payroll deduction / direct deposit, and a loadable debit card with customizable spending controls and transactional recordkeeping.

Additional Information: Oklahoma HB 2821 establishes the rules for Oklahoma STABLE.

Oregon /state-review/oregon-able-for-all-savings-plan/ ABLE for ALL Savings Plan (click to open an account) https://ableforall.com/ Open for Enrollment Sumday, a division of BNY Mellon: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes 15,000 12140 Sumday, a division of BNY Mellon 3 Vanguard and DFA Yes No Yes Yes Subject to Federal and state probate laws. "In the event of the death of a beneficiary, the funds from their ABLE account can be used by his or her estate to repay any outstanding eligible expenses or funeral and burial costs. Remaining funds will be transferred to the estate of the beneficiary. Due to the passage of Senate Bill 1027 during the 2017 legislative session, Medicaid in Oregon is restricted from filing a claim for a payback on funds that were previously in an ABLE account of a deceased beneficiary. Medicaid payback is governed at the Federal level and, out of an abundance of caution, it is suggested to assume that funds could still be recovered by Medicaid." https://oregonablesavings.com/faqs/2016/11/3/what-happens-to-my-account-if-i-pass-away-is-there-a-medicaid-payback? Yes If the ABLE beneficiary is under age 21, anyone paying Oregon state income taxes can deduct up to $2,435 for single filing and $4,865 for joint filing.

Oregon Senate Bill 777 implemented the federal ABLE Act in Oregon.

 

Yes Yes 25 Yes 10 Yes $35.00 per year No Yes $1.25 a month Yes 50 $35 $2.50 per check $1.25 $3.00 to $3.70 on $1,000 investment per year. 0 $10 annually No

The Oregon program is unique because it was created with the support of people with disabilities and those working with the disability community. The program collaborates with nonprofit organizations and government agencies that focus on disability issues and champion their cause. The Oregon program established ways for people to get in-person assistance with in-state partners such as the Aging and Disability Resource Centers in case they need additional support. The support team goes above and beyond with intensive training to help empower beneficiaries with information provided in a way that is most useful for that person. The Oregon ABLE debit card was designed with accessibility in mind, having special features to improve ease of use for individuals with disabilities and allows beneficiaries a simple, efficient way to use up to $15,000 at a time for Qualified Disability Expenses. Oregon is also the first ABLE program to partner with Sumday, a program manager that offers a fun, simple and intuitive online platform that helps people manage their ABLE accounts to reach their dreams.

Everything Oregon ABLE does is focused on empowering people with disabilities to live the lives they desire, whatever that may look like. They always talk directly to the person with a disability, not about them to their support team. This even comes through by designing features and options that will meet everyone’s needs and giving account owners the freedom to choose what works best for them.

There is a 10 day hold before deposits made by the account owner or authorized legal representative are available. There is a 20 day hold if the deposits were made by someone else.

Oregon – ABLE Savings Plan /state-review/oregon/ Oregon ABLE Savings Plan (click to open an account) https://oregonablesavings.com/ Open for Enrollment Sumday, a division of BNY Mellon No 15,000 12140 Sumday, a division of BNY Mellon 4 Vanguard and DFA: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes Yes In the event of the death of a beneficiary, the funds from their ABLE account can be used by his or her estate to repay any outstanding eligible expenses or funeral and burial costs. Remaining funds will be transferred to the estate of the beneficiary. Due to the passage of Senate Bill 1027 during the 2017 legislative session, Medicaid in Oregon is restricted from filing a claim for a payback on funds that were previously in an ABLE account of a deceased beneficiary. Medicaid payback is governed at the Federal level. Out of an abundance of caution, it is suggested to assume funds could still be recovered by Medicaid.

Oregon Senate Bill 777 implemented the Federal ABLE Act in Oregon.

Senate Bill 777

 

Yes Yes 25 Yes $35 No Yes $1.25 per month Yes 50 $35 $2.50 $1.25 Between .3% to .37% 0 $10 annually No fee for withdrawals
Pennsylvania /state-review/pennsylvania/ PA ABLE Savings Program (click to open an account) http://www.paable.gov/ Open for Enrollment Ascensus Yes 15,000 12140 Fifth Third Bank 7 BlackRock, Schwab, and Vanguard Yes No Yes Yes Subject to Federal and state probate laws. Yes Pennsylvania taxpayers can deduct contributions up to $15,000 per year. This deduction only applies to contributions made to PA ABLE accounts. Consult with a tax preparer to discuss your tax matters.

HB 1319 Legislative Summary

SB 879 Legislative Summary https://www.legis.state.pa.us/cfdocs/billInfo/billInfo.cfm?sYear=2015&sInd=0&body=S&type=B&bn=879

Yes Yes 25 Yes 25 Yes Maximum $60 annually. The $60 fee is discounted to $45 for account owners who receive specified account information electronically. The fee is taken quarterly ($15 or $11.25). No Yes $0 Yes 0 There is an annual account maintenance fee. The fee is $60, which is discounted to $45 for account owners who receive specified account information electronically. The fee is taken quarterly ($15 or $11.25). $6 fee for 50 checks $0 $3.40 - $3.70 on $1,000 investment per year 0 $15 per quarter for paper statement. $11.25 for electronic statement. Fees are included in the quarterly maintenance fee. $0

This plan is a member of the National ABLE Alliance (NAA), a bi-partisan consortium of states working together to offer people with disabilities nationwide a best-in-class ABLE savings and investment program. NAA plans include an exclusive, fully integrated Fifth Third Bank, FDIC-insured checking account option, which is available with real-time debit card and check-writing capability, and the easy-to-use Ugift feature to make gift contributions easy.

Program Administrator: Pennsylvania Treasury Department

Program Investment Manager: BlackRock, Schwab, and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits and Medicaid payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

Rhode Island /state-review/rhode-island/ RI's ABLE (click to open an account) https://savewithable.com/ri/home.html Open for Enrollment Ascensus Yes 15,000 12140 Fifth Third Bank 6 BlackRock, Schwab and Vanguard Yes No Yes No No

HB 5564 Legislative Summary https://legiscan.com/RI/bill/H5564/2015

SB 465 Legislative Summary https://legiscan.com/RI/bill/S0465/2015

Yes Yes 25 No Yes Maximum of $60 annually. See disclosure documents to learn how to reduce fees. No Yes A $2.00 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250, or if you are enrolled in electronic statement delivery at Fifth Third bank. Yes 0 Maximum of $60 annually. See disclosure documents to learn how to reduce fees. $6 fee for 50 checks A $2.00 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250, or if you are enrolled in electronic statement delivery at Fifth Third Bank. $3.40 - $3.70 on $1,000 investment per year 0 RI residents: paper statements: $13.75 quarterly, electronic statements: $10 quarterly. Non-residents: paper statements: $15.00 quarterly, electronic statements: $11.25 quarterly. 0

This plan is a member of the National ABLE Alliance (NAA). NAA is a bi-partisan consortium of states working together to offer people with disabilities nationwide a best-in-class ABLE savings and investment program. NAA plans include an exclusive, fully integrated, Fifth Third Bank FDIC-insured checking account option. This account is available with real-time debit card and check-writing capability and the user friendly Ugift feature, which makes gift contributions easy.

Program Administrator: Executive Office of Health and Human Services in conjunction with the State Investment Commission.

Program Investment Manager: BlackRock, Schwab and Vanguard provide the mutual funds and/or ETFs in the target risk options. Sallie Mae Bank provides the high yield savings account in the applicable target risk options. Fifth Third Bank provides the checking account product in the checking option.

Please see the disclosure document regarding more information on: Investment options risk, withhold rules, how to reduce account fees, ABLE to Work Act limits and Medicaid Payback. The checking option offers FDIC insurance up to $250,000, subject to certain restrictions.

South Carolina /state-review/south-carolina/ Palmetto ABLE Savings Program (SC) (click to open an account) https://palmettoable.com/ Open for Enrollment Intuition ABLE Solutions, LLC No 15,000 12140 Fifth Third Bank 4 Vanguard Group, Inc. and Fifth Third Bank: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the BankSafe option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes No Yes 100% of contributions to a Palmetto ABLE Savings program account may be deducted from SC state income tax.

South Carolina HB3768 established the Palmetto ABLE Savings Program.

Yes Yes 1 Yes The current account maintenance fee is $42 per year, payable at $3.50 per month. No Yes There are no added costs for the STABLE Card, a loadable prepaid debit card. Yes 0 The current account maintenance fee is $42 per year, payable at $3.50 per month 0 $0 $1.90 - $3.40 on $1,000 investment per year. 0 $10 annually (print/mail); $0 electronic 0

STABLE Account is the national ABLE savings program administered by the Office of the Ohio Treasurer of State. Through its partner state model, South Carolina residents have access to a program that features the best customer service and offers ease of enrollment, unsurpassed website accessibility, an online portal to manage your account, some of the lowest investment management fees in the country, payroll deduction / direct deposit, and a loadable debit card with customizable spending controls and transactional recordkeeping.

Additional Information: South Carolina HB3768 established the South Carolina ABLE Savings Program.

Tennessee /state-review/tennessee/ ABLE TN (click to open an account) http://www.abletn.gov/ Open for Enrollment State of Tennessee Department of Treasury No 15,000 12140 First TN Bank 14 The Tennessee Treasury Department, with offerings from Vanguard, PRIMECAP, Dimensional Fund Advisors and First Tennessee Bank. “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” No No Yes No No There is no state income tax for residents of Tennessee. Yes Yes 25 No No No Yes 0 $0 $0 $0 - $62 on $1,000 investment per year 0 $0 $0

ABLE TN offers 14 investment choices. The program is administered by the Tennessee Treasury Department which is responsible for managing the investment of roughly $50 billion in assets. Investment performance is monitored by Treasury Investments staff and a third party investment advisory firm.

Texas /state-review/texas/ Texas ABLE Program (click to open an account) http://www.ablenrc.org/state-review/texas Open for Enrollment NorthStar Financial Services Group No 15,000 12140 4 Vanguard, PIMCO and Eaton Vance: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” No No Yes No No There is no state income tax for residents of Texas.

SB 01664

Yes Yes 50 Yes $48 Yes There is a $1 charge for each withdrawal by ACH in excess of 2 per month. There is a $5 charge for each withdrawal by check. No Yes 0 $48 per year $5 NA $2.50 - $6.50 on $1,000 investment per year. 0 $0 $1 charge for each withdrawal by ACH in excess of 2 per month. There is a $5 charge for each withdrawal by check.

Texas ABLE offers online account management, a gifting feature and payroll deduction. There is no enrollment fee and the program has a low minimum contribution limit. The program is established and maintained by the Texas Prepaid Higher Education Tuition Board with assistance from the Texas Comptroller of Public Accounts.

Vermont /state-review/vermont/ Vermont ABLE (click to open an account) https://www.vermontable.com/ Open for Enrollment Intuition ABLE Solutions, LLC No 15,000 12140 Fifth Third Bank 4 Vanguard Group, Inc: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes No No

V.S.A. §§ 8001-8004 establishes the rules for Vermont ABLE.

Yes Yes 50 Yes The current account maintenance fee is $42 annually, payable at $3.50 monthly. No Yes There are no added costs for the STABLE Card, a loadable prepaid debit card. Yes 0 $42 NA $0 $1.90 - $3.30 on $1,000 investment per year. 0 $10 annually (print/mail); $0 electronic $0

STABLE Account is the national ABLE savings program administered by the Office of the Ohio Treasurer of State. Through its partner state model, Vermont residents have access to a program that features the best customer service and offers ease of enrollment, unsurpassed website accessibility, an online portal to manage your account, some of the lowest investment management fees in the country, payroll deduction / direct deposit, and a loadable debit card with customizable spending controls and transactional recordkeeping.

V.S.A. §§ 8001-8004 establishes the rules for Vermont ABLE.

Virginia – ABLEAmerica /state-review/virginia-2/ ABLEAmerica (click to open an account) https://www.americanfunds.com/individual/products/able.html Open for Enrollment ABLEAmerica is distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries. Yes 15,000 12140 7 American Funds; investments not FDIC insured Yes Yes Subject to ABLE resident's state deduction rules. No Yes 0

ABLEAmerica is ABLEnow’s partnership with American Funds and is available only through financial advisers. Work with your financial adviser to build an ABLE savings plan that meets your specific needs. If you don’t have a financial adviser, ABLEAmerica can help you find one.

Virginia – ABLEnow /state-review/virginia/ ABLEnow (click to open an account) https://www.able-now.com/ Open for Enrollment ABLEnow is the national ABLE program sponsored by the Commonwealth of Virginia and administered by Virginia529. Yes 15,000 12140 PNC Bank N.A. 4 Virginia529 offers investment portfolios via Vanguard and Fidelity. Yes Yes Yes No Yes There is an annual Virginia income tax deduction of up to $2,000 per contributor with an unlimited carry forward of excess contributions.

Sections 23.1-700 through 23.1-713 of the Code of Virginia, as amended.

Yes No No Yes $39 per year, payable at $3.25 per month. The monthly service fee is waived if you maintain an average daily balance of $10,000 in the ABLEnow Deposit Account. No Yes There is no fee for the ABLEnow Debit Card. Yes 0 $39 per year, payable at $3.25 per month. The monthly service fee is waived if you maintain an average daily balance of $10,000 in the ABLEnow Deposit Account. NA $0 $3.70 - $4.00 on $1,000 investment per year 0 There is no fee for a monthly electronic statement. Customers may request to receive a paper statement for $1.50 per month. $0

ABLEnow is the national, direct-sold ABLE savings program administered by Virginia529, the nation’s largest college savings plan. Since its launch in 2016, ABLEnow features a convenient website to open and manage your account anytime, a fee-free savings option for balances of $10,000 or more, free resources such as a debit card and online gifting center and in-house ABLE experts available by phone, email and live chat.

Balances in the ABLEnow Deposit Account are insured to the extent allowed by the Federal Deposit Insurance Corporation (FDIC).

Holding Rules: Typically, funds are available one to three business days after a deposit.

Washington /state-review/washington/ Washington State ABLE (click to open an account) https://www.washingtonstateable.com/ Open for Enrollment Sumday Administration, LLC No 15,000 12140 BNY Mellon 3 Vanguard: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes Yes Yes, against the ABLE account. No, against the estate. Washington will lien an ABLE account owner's estate for Medicaid recovery as required by the Social Security Act. No There are no income taxes for residents of Washington.

Washington House Bill 2323

Yes Yes 25 Yes 35 No Yes $1.25 a month Yes 50 35 $2.50 $1.25 per month $3.53 to $3.70 on $1,000 investment per year. 0 Free online statements 0

The Washington State ABLE Program is modeled after Oregon’s ABLE Savings Plan and was created with the support of people with disabilities and those working with the disability community. It partners with Sumday, a program manager that offers a fun, simple and intuitive online platform that helps people manage their ABLE accounts to reach their dreams. The ABLE prepaid card allows people easy access to their money and the ability to track their spending.

Fee to roll MI ABLE to another state plan: “$0 within Sumday family of ABLE plans. $50 to other ABLE plans.”

Washington will lien an ABLE account owner’s estate for Medicaid recovery as required by the Social Security Act.

West Virginia /state-review/west-virginia/ WVABLE (click to open an account) https://wvable.com/ Open for Enrollment Intuition ABLE Solutions, LLC No 15,000 12140 Fifth Third Bank 4 Vanguard Group, Inc: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the BankSafe option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes Yes Except required by federal law for those estates, ages 55 and older, whose nursing home and/or community based services were paid by Medicaid. http://www.wvrecovery.com/estate.asp Yes A West Virginia resident or taxpayer may take a state income tax deduction equal to the total contributions to a WVABLE account for the year. Deductions for contributions are allowed for each designated beneficiary and excess deductions may be carried forward for up to five years.

West Virginia H. B. 2902, known as the Achieving a Better Life Experience in West Virginia Act, establishes the rules for WVABLE.

HB. 2848 effective May 30, 2019 per state law. WVABLE accounts are not subject to a 529A claim against the beneficiary of a WVABLE for total medical assistance paid after the establishment of an account by the West Virginia Department of Health and Human Resources. However, the West Virginia Department of Health and Human Resources may recover payments from the estate of Medicaid beneficiaries only as required by the Section 1917(b) of the Social Security Act of WV Code §9-5-11c. Those impacted will be the estates, age 55 or older, whose nursing home and/or community based waiver services were paid by Medicaid. The estate recovery may include remaining STABLE account funds. For more information on the West Virginia estate recovery process, please go to WV Recovery.

Yes Yes 50 Yes The current account maintenance fee is $42 annually, payable at $3.50 monthly. No Yes There are no added costs for the STABLE Card, a loadable prepaid debit card. Yes 0 The current account maintenance fee is $42 annually, payable at $3.50 monthly. $0 $0 $1.90 - $3.40 on $1,000 investment per year. 0 $10 annually (print/mail); $0 electronic $0

STABLE Account is the national ABLE savings program administered by the Office of the Ohio Treasurer of State. Through its partner state model, West Virginia residents have access to a program that features the best customer service and offers ease of enrollment, unsurpassed website accessibility, an online portal to manage your account, some of the lowest investment management fees in the country, payroll deduction / direct deposit, and a loadable debit card with customizable spending controls and transactional recordkeeping.

BankSafe option is FDIC insured up to $250,000.

Wyoming /state-review/wyoming/ WYABLE (click to open an account) https://wyable.com/ Open for Enrollment Intuition ABLE Solutions, LLC No 15,000 12140 Fifth Third Bank 4 Vanguard Group, Inc: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” Yes No Yes No No There is no state income tax for residents of Wyoming.

Wyoming does not have state specific ABLE legislation.

Yes Yes 50 Yes The current account maintenance fee is $42 annually, payable at $3.50 a month. No Yes There is no added costs for the STABLE Card, which is a loadable prepaid debit card. Yes 0 $42 $0 $0 $1.90 - $3.30 on $1,000 investment per year. 0 $10 annually (print/mail); $0 electronic $0

STABLE Account is the national ABLE savings program administered by the Office of the Ohio Treasurer of State. Through its partner state model, Wyoming residents have access to a program that features the best customer service and offers ease of enrollment, unsurpassed website accessibility, an online portal to manage your account, some of the lowest investment management fees in the country, payroll deduction / direct deposit and a loadable debit card with customizable spending controls and transactional record keeping.

 
1 Does this program offer enrollment to out of state residents?
2 Is there a state income tax deduction or credit for contributions made into accounts opened in this state by state residents? If so, how much? state_income_tax_deduction_if_yes
3 Who is the program administrator?
4 Is there an initial minimum contribution requirement to open an ABLE account? If so, how much? initial_minimum_contribution_amount
5 Is there an annual set fee to maintain the account? If so, how much? annual_set_fee_how_much
6 Is there a required minimum contribution to your account? If so, what is the amount? required_minimum_contribution_amount
7 Are there fees or restrictions to the number of disbursement you are allowed? If so, what are they? fees_or_restrictions_what_are_they
8 Can I roll over my ABLE account to another ABLE program? If so, what is the fee to do so? fee_to_roll_over_how_much
9 Is there a “debit card/purchasing card” available with the program? If so, what is the added cost? purchasing_card_added_cost
10 Who is the investment manager?
11 How many investment options are associated with the program?
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