Michigan Launches MiABLE Program

November 1, 2016

The ABLE National Resource Center, managed by National Disability Institute (NDI), is excited to congratulate the State of Michigan on the launch of its “MiABLE” program. MiABLE is a national program, offering enrollment to qualified individuals with disabilities both in Michigan and throughout the country.

MiABLE 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 nationwide ABLE programs, 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.

MiABLE focuses on efforts to ensure minimal costs associated with establishing and maintaining an ABLE account (which can be done all online). An Annual Account fee of $45 will be assessed on a quarterly basis in the amount of $11.25 against the then-current account balance. Total annual asset-based fees range from 0.5 percent to 0.78 percent, depending on the investment selections held within an account. It is important to note that if the contributor is a resident of Michigan, contributions made into a MiABLE program account are eligible to receive a state income tax deduction of up to $5,000 and $10,000 for individual filing jointly.

MiABLE, ENABLE, ABLE TN, Ohio STABLE Account, and ABLE United programs are currently the only programs enrolling beneficiaries in the country, and they are doing so primarily via their online portals. We are also expecting at least a couple more states, including, Virginia and Oregon, to be launching their ABLE account programs by the end of the year.

For more information on MiABLE and how to enroll, please visit

For more information related to ABLE programs and accounts in general, and for the latest news regarding other state programs, please visit the ABLE National Resource Center at