DC, Indiana and Montana Launch ABLE Programs

August 9, 2017

The ABLE National Resource Center, managed by National Disability Institute (NDI), is excited to congratulate the District of Columbia and the States of Indiana and Montana on the launch of their respective ABLE plans. All three programs are members of the National ABLE Alliance, a group of 12 states that have pooled resources in order to offer their respective ABLE programs. All three of these recently launched plans are open to eligible individuals with disabilities nationwide.

All three programs allow 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.

Not unlike the other ABLE programs across the country, all 3 of these ABLE Plan programs focus efforts to ensure minimal costs associated with establishing and maintaining an ABLE account (which can be done all online). For all 3 programs, the annualized investment costs on assets per investment option range from 0.34% to 0.38%, depending on which investment option(s) you select. Each account is charged an annual account maintenance fee of $60 payable in quarterly installments of $15 but this fee will be discounted by $3.75 per quarter for electronic statement delivery.

In addition to DC, Indiana and Montana ABLE programs, there are 23 other states that have launched ABLE programs: Alabama, Alaska, Florida, Georgia, Illinois, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Michigan, Minnesota, Missouri, 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 District of Columbia ABLE Plan, DC ABLE, and how to enroll, please visit

For more information on the Indiana ABLE Plan, INvestABLE Indiana, and how to enroll, please visit

For more information on the Montana ABLE Plan, Montana ABLE, and to enroll, please visit