Missouri Becomes 20th State to Launch ABLE Program

April 24, 2017


The ABLE National Resource Center, managed by National Disability Institute (NDI), is excited to congratulate the State of Missouri on becoming the 20th state to launch an ABLE program. Missouri's ABLE program, named MO ABLE, will be administered through a partnership with Ohio's STABLE Accounts, which are backed by Intuition ABLE Solutions, LLC. The MO ABLE program is only available to eligible individuals with disabilities who reside in the State of Missouri.

The MO ABLE program allows qualified individuals with disabilities to save up to $14,000 a year in an ABLE account without jeopardizing their eligibility for federally-funded means tested benefits, such as Supplemental Security Income (SSI) and Medicaid. The funds in the account can be used for disability-related expenses that assist the beneficiary in increasing and/or maintaining his or her health, independence or quality of life.

Millions of individuals with disabilities and their families are often relegated to a life of poverty as a result of not being allowed to build even the most modest levels of resources. Individuals receiving supports through Social Security, Medicaid and other publicly-funded programs are often disqualified from those supports if they have more than $2,000 worth of resources or assets. Now, with the launch of ABLE programs nationwide, individuals with disabilities and their families will be able to take a step to better secure their financial futures and to help offset the often significant financial challenges that can accompany living with a disability.

Like the other ABLE programs across the country, the MO ABLE program focuses efforts to ensure minimal costs associated with establishing and maintaining an ABLE account (which can be done online). The MO ABLE program has an annual account fee of $42 ($3.50 per month). Additionally, the program has annual asset-based fees that vary depending on the investment selections held within an account which are expected to be somewhere between 0.19% and 0.34%.

Missouri residents who contribute to a MO ABLE account may deduct up to $8,000 (single) or $16,000 (joint) on the state income tax deduction.

In addition to MO ABLE, there are 19 other states that have launched ABLE programs: Alabama, Alaska, Florida, Illinois, Iowa, Kansas, Kentucky, Michigan, Minnesota, Nebraska, Nevada, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, Tennessee, Vermont, Virginia. Most of these ABLE programs are open to eligible individuals nationwide. Please see for details about these programs.

For more information on the MO ABLE program and how to enroll, please visit