Compare State Programs

No matter where you reside, you can open an ABLE account in any state that accepts outside residents into their program.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. The checking account option is provided through Fifth Third Bank, NA 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. Yes No Yes, Withdrawals of contributions made by check, recurring contribution, or EFT will not be available for withdrawal for seven business days. New contributions into the Checking Option will not be available for withdrawal for six business days. There will be a hold of 10 business days on withdrawal requests when there is a change to your address and a hold of 15 calendar days on withdrawal requests following a change to your banking information. Hold periods for address changes and changes to banking information do not apply to withdrawal requests of funds in the Checking Option. No No

Legislative Summary HB 188

 

Yes The Fifth Third Bank, NA checking account is FDIC Insurance up to $250,000, subject to certain restrictions. 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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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. See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. $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.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents. Fifth Third Bank 4 Vanguard Yes No Yes No No

HB2388 is the legislation that establishes the Arizona ABLE Act program, AZ ABLE

Yes The Fifth Third Bank, NA Bank Safe account is FDIC Insurance up to $250,000, subject to certain restrictions. Yes 50 Yes 1 Yes The current account maintenance fee is $42 per year payable at $3.50 per month. No Yes There is no added costs for the STABLE Card, which is a loadable prepaid debit card. Other fees, terms and conditions apply, see Cardholder Agreement. Yes 0 The current account maintenance fee is $42 per year payable at $3.50 per month. $0 $0 Please See Plan Disclosure Documents 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 record keeping.

Arkansas /state-review/arkansas/ Arkansas ABLE (click to open an account) https://savewithable.com/ar/home.html Open for Enrollment Ascensus Yes 15,000 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. The checking account option is provided through Fifth Third Bank, NA 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. 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

HB 1076: To amend the Achieving a Better Life Experience (ABLE) Act; to authorize the transfer of ABLE account assets following the death of a designated beneficiary; to prohibit the state from seeking payment from the ABLE account.

HB 1075: To provide for an income tax deduction for contributions to a disability savings account.

Yes The Fifth Third Bank, NA checking account is FDIC Insurance up to $250,000, subject to certain restrictions. 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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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. See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. $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.

Withdrawal Hold Rules: Contributions made by check, recurring contribution, or EFT to the checking account option will be available for withdrawal after six business days. Contributions to the investment options made check, recurring contribution, or EFT will be available for withdrawal after 5 business days. There will be a hold of 10 business days on withdrawal requests when there is a change of address.

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 12490 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.” Yes 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. Yes The fee for the card is $1.25 per month; additional fees may apply. Yes 0 $37 $5 $0 Please see Plan Disclosure Documents 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 Ascensus Yes 15,000 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. The checking account option is provided through Fifth Third Bank, NA 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. Yes No Yes No No

HB 1359

Yes The Fifth Third Bank, NA checking account is FDIC Insurance up to $250,000, subject to certain restrictions. 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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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. See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. $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.

Withhold Rules: Contributions made by check, recurring contribution, or EFT to the checking account option will be available for withdrawal after six business days. Contributions to the investment options made check, recurring contribution, or EFT will be available for withdrawal after 5 business days. There will be a hold of 10 business days on withdrawal requests when there is a change of address.

Delaware /state-review/delaware/ DEPENDABLE (Click to open an account) https://savewithable.com/de/home.html Open for Enrollment Ascensus Yes 15,000 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. The checking account option is provided through Fifth Third Bank, NA 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. Yes No Yes No No

Delaware Achieving a Better Life Experience Savings Accounts

Yes The Fifth Third Bank, NA checking account is FDIC Insurance up to $250,000, subject to certain restrictions. 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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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. See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. $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.

Withhold Rules: Contributions made by check, recurring contribution, or EFT to the checking account option will be available for withdrawal after six business days. Contributions to the investment options made check, recurring contribution, or EFT will be available for withdrawal after 5 business days. There will be a hold of 10 business days on withdrawal requests when there is a change of address.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii.” The checking account option is provided through Fifth Third Bank, NA 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. Yes No Yes No No

Legislative Summary B21-0252

Yes The Fifth Third Bank, NA checking account is FDIC Insurance up to $250,000, subject to certain restrictions. 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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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. See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. 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.

Withhold Rules: Contributions made by check, recurring contribution, or EFT to the checking account option will be available for withdrawal after six business days. Contributions to the investment options made check, recurring contribution, or EFT will be available for withdrawal after 5 business days. There will be a hold of 10 business days on withdrawal requests when there is a change of address.

Florida /state-review/florida/ ABLE United (click to open an account) https://www.ableunited.com/ Open for Enrollment Florida ABLE, Inc. (d/b/a ABLE United) No 15,000 With ABLE to Work, if a Beneficiary is earning wages from employment, they can contribute an amount equal to the Beneficiary’s current year gross income up to $12,490 (as of 2020) each year, in addition to the yearly contribution limit of $15,000. BNY Mellon 8 BlackRock, Inc. BNY Mellon The Vanguard Group, Inc. Florida PRIME Yes No Yes, up to 5 days for first party deposits; 20 business days for third party deposits. Yes Subject to Federal and state probate laws. No No, there is no state income tax for residents of Florida.

Florida Achieving a Better Life Experience (ABLE) Act

Yes FDIC insurance generally protects up to $250,000 of your deposits at the same bank in the same ownership right and capacity for your ABLE Account invested in the FDIC Savings. Yes 25 Yes 5 No No No Yes 0 $0 $0 $2.50 per month Please See Plan Disclosure Documents 0 If you choose to opt out of electronic statements, there is a $10 per year fee for paper statements. If you choose to sign up for a prepaid card, there will be a $2.50 per month fee. Additional prepaid card fees may be assessed based on how you use your prepaid card.

Florida ABLE, Inc. (d/b/a ABLE United) a registered not-for-profit and direct support organization of the Florida Prepaid College Board that administers the ABLE United Program. ABLE United offers a unique gifting page that allows family and friends to contribute online via ACH or debit card. ABLE United is very active in the community and a complete list of events can be found at https://www.ableunited.com/events/.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents. Fifth Third Bank 4 Vanguard Yes No Yes No No

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

Yes The Fifth Third Bank, NA Bank Safe account is FDIC Insurance up to $250,000, subject to certain restrictions. Yes 50 Yes 1 Yes The current account maintenance fee is $42 per year payable at $3.50 per month. No Yes There is no added costs for the STABLE Card, which is a loadable prepaid debit card. Other fees, terms and conditions apply, see Cardholder Agreement. Yes 0 The current account maintenance fee is $42 per year payable at $3.50 per month. $0 $0 Please see Plan Disclosure Documents 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 record keeping.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. The checking account option is provided through Fifth Third Bank, NA. 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. Yes No Yes Yes Subject to Federal and state probate laws. Yes Illinois taxpayers can deduct $10K if filling as individual and $20K if filing jointly. This deduction only applies to contributions made to IL ABLE accounts. Consult with a Tax Preparer to discuss your tax matters.

Required by Federal Law: Executive Officers (15ILCS 505/) State Treasurer Act

 

Yes The Fifth Third Bank, NA checking account is FDIC Insurance up to $250,000, subject to certain restrictions. 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 The 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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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. See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. $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.

Withhold Rules: Contributions made by check, recurring contribution, or EFT to the checking account option will be available for withdrawal after six business days. Contributions to the investment options made check, recurring contribution, or EFT will be available for withdrawal after 5 business days. There will be a hold of 10 business days on withdrawal requests when there is a change of address.

Indiana /state-review/indiana/ INvestABLE Indiana (click to open an account) https://savewithable.com/in/home.html Open for Enrollment Ascensus Yes 15,000 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. The checking account option is provided through Fifth Third Bank, NA. 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. Yes No Yes No No

Legislative Summary SB 11

Legislative Summary SB 184

Legislative Summary HB 1407

Yes The Fifth Third Bank, NA checking account is FDIC Insurance up to $250,000, subject to certain restrictions. 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 The 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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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. See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. $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.

Withhold Rules: Contributions made by check, recurring contribution, or EFT to the checking account option will be available for withdrawal after six business days. Contributions to the investment options made check, recurring contribution, or EFT will be available for withdrawal after 5 business days. There will be a hold of 10 business days on withdrawal requests when there is a change of address.

Iowa /state-review/iowa/ IAble (click to open an account) https://www.iable.gov/ Open for Enrollment Ascensus Yes 15,000 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. The checking account option is provided through Fifth Third Bank, NA 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. 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

 

 

Yes The Fifth Third Bank, NA checking account is FDIC Insurance up to $250,000, subject to certain restrictions. 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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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. See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. $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.

Withhold Rules: Contributions made by check, recurring contribution, or EFT to the checking account option will be available for withdrawal after six business days. Contributions to the investment options made check, recurring contribution, or EFT will be available for withdrawal after 5 business days. There will be a hold of 10 business days on withdrawal requests when there is a change of address.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. 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. 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 The Fifth Third Bank, NA checking account is FDIC Insurance up to $250,000, subject to certain restrictions. 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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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. See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. 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.

Withhold Rules: Contributions made by check, recurring contribution, or EFT to the checking account option will be available for withdrawal after six business days. Contributions to the investment options made check, recurring contribution, or EFT will be available for withdrawal after 5 business days. There will be a hold of 10 business days on withdrawal requests when there is a change of address.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents. Fifth Third Bank 4 Vanguard Yes No Yes No No

Kentucky Revised Statutes § 205.200 establishes the rules for STABLE Kentucky

Yes The Fifth Third Bank, NA Bank Safe account is FDIC Insurance up to $250,000, subject to certain restrictions. Yes 50 Yes 1 Yes The current account maintenance fee is $42 per year payable at $3.50 per month. No Yes There is no added costs for the STABLE Card, which is a loadable prepaid debit card. Other fees, terms and conditions apply, see Cardholder Agreement. Yes 0 The current account maintenance fee is $42 per year payable at $3.50 per month. $0 $0 Please See Plan Disclosure Documents 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 record keeping.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. NA 8 Fidelity Investments Yes No Yes No No

Bill H 3753

 

No No No 0 No No Yes Yes 0 $0 $0 $0 Please See Plan Disclosure Documents 0 $0 $0
Michigan /state-review/michigan/ MiABLE (click to open an account) https://www.miable.org/ Open for Enrollment TSA Consulting Group, Inc. Yes 15,000 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. NA 5 FPS Trust Yes Yes No restriction on the number of disbursements, however there is a $20 disbursement fee for checks, $15 fee for Wires, and no fee for ACH. No Medicaid payback is not specifically waived. However, Medicaid has never requested payback. Yes Yes $5,000 single filers ($10,000 joint) Michigan Individual Income Tax return.

PA 160 of 2015

 

Yes FDIC Insured, subject to certain restrictions. Yes 25 No Yes $45 annually, paid $11.25 quarterly Yes No restriction on the number of disbursements, however there is a $20 disbursement fee for checks, $15 fee for Wires, and no fee for ACH. Yes Replacement fee only Yes .5% of balance paid quarterly. $20 fee for check, $15 fee for wire, no fee for ACH no fee, except for lost card replacement Six investment options with varying risk portfolios. Please see Disclosure Documents for details. 0 Statements available online; no fee No transaction fee, fee for disbursements, $20 for check, $15 for Wire, no fee for ACH.

High Aggregate Limit of $500,000.00; debit card available; public contribution (crowdfunding); relatively high State tax deduction.

ABLE to ABLE rollover: There is no fee associated with a rollover in to the account from another ABLE program, however a distribution fee may be charged on a rollover out.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. The checking account option is provided through Fifth Third Bank, NA. 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. Yes No Yes No No

Legislative Summary

Yes The Fifth Third Bank, NA checking account is FDIC Insurance up to $250,000, subject to certain restrictions. 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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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. See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. 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.

Withhold Rules: Contributions made by check, recurring contribution, or EFT to the checking account option will be available for withdrawal after six business days. Contributions to the investment options made check, recurring contribution, or EFT will be available for withdrawal after 5 business days. There will be a hold of 10 business days on withdrawal requests when there is a change of address.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. The checking account option is provided through Fifth Third Bank, NA. 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. 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.

Mississippi Code Section 43-28-1 et. seq.

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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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. See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. $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.

Withhold Rules: Contributions made by check, recurring contribution, or EFT to the checking account option will be available for withdrawal after six business days. Contributions to the investment options made check, recurring contribution, or EFT will be available for withdrawal after 5 business days. There will be a hold of 10 business days on withdrawal requests when there is a change of address.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents. Fifth Third Bank 4 Vanguard Group Yes No Yes No Yes Missouri offers an annual state income tax deduction of up to $8,000 for single filers and $16,000 for joint filers.

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

Yes The Fifth Third Bank, NA Bank Safe account is FDIC Insurance up to $250,000, subject to certain restrictions. Yes 50 Yes 1 Yes The current account maintenance fee is $42 per year payable at $3.50 per month. No Yes There is no added costs for the STABLE Card, which is a loadable prepaid debit card. Other fees, terms and conditions apply, see Cardholder Agreement. Yes 0 The current account maintenance fee is $42 per year payable at $3.50 per month. $0 $0 Please See Plan Disclosure Documents 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, 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 record keeping.

Montana /state-review/montana/ Montana ABLE (click to open an account) https://savewithable.com/mt/home.html Open for Enrollment Ascensus Yes 15,000 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. The checking account option is provided through Fifth Third Bank, NA. 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. 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.

SB 399 Legislative Summary

HB288 expanded the family members eligible for a tax deduction for contributions to ABLE accounts, and revised requirements for opening an account.

SB207 provides Montana taxpayers the opportunity to direct deposit their State income tax refund into an ABLE account.

 

 

Yes The Fifth Third Bank, NA checking account is FDIC Insurance up to $250,000, subject to certain restrictions. 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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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. See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. $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.

Withhold Rules: Contributions made by check, recurring contribution, or EFT to the checking account option will be available for withdrawal after six business days. Contributions to the investment options made check, recurring contribution, or EFT will be available for withdrawal after 5 business days. There will be a hold of 10 business days on withdrawal requests when there is a change of address.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. First National Bank of Omaha 5 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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. The checking account option is provided through Fifth Third Bank, NA. 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. Yes No Yes No No There is no state income tax for residents of Nevada.

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

Yes The Fifth Third Bank, NA checking account is FDIC Insurance up to $250,000, subject to certain restrictions. 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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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. See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. 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.

Withhold Rules: Contributions made by check, recurring contribution, or EFT to the checking account option will be available for withdrawal after six business days. Contributions to the investment options made check, recurring contribution, or EFT will be available for withdrawal after 5 business days. There will be a hold of 10 business days on withdrawal requests when there is a change of address.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents. Fifth Third Bank 4 Vanguard 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 The Fifth Third Bank, NA Bank Safe account is FDIC Insurance up to $250,000, subject to certain restrictions. Yes 50 Yes 1 Yes The current account maintenance fee is $42 per year payable at $3.50 per month. No Yes There is no monthly cost to have a STABLE Card, a loadable Visa prepaid debit card. Other fees, terms and conditions apply, see Cardholder Agreement. Yes 0 The current account maintenance fee is $42 per year, payable at $3.50 per month $0 $0 Please See Plan Disclosure Documents 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 record keeping.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. The checking account option is provided through Fifth Third Bank, NA. 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. Yes No Yes No No

A3959 Legislative Summary

 

Yes The Fifth Third Bank, NA checking account is FDIC Insurance up to $250,000, subject to certain restrictions. 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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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 See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. 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.

Withhold Rules: Contributions made by check, recurring contribution, or EFT to the checking account option will be available for withdrawal after six business days. Contributions to the investment options made check, recurring contribution, or EFT will be available for withdrawal after 5 business days. There will be a hold of 10 business days on withdrawal requests when there is a change of address.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents. Fifth Third Bank 4 Vanguard Yes No Yes No No

New Mexico HB61 established the rules for ABLE New Mexico

Yes The Fifth Third Bank, NA Bank Safe account is FDIC Insurance up to $250,000, subject to certain restrictions. Yes 50 Yes 1 Yes The current account maintenance fee is $42 per year payable at $3.50 per month. No Yes There is no monthly cost to have a STABLE Card, a loadable Visa prepaid debit card. Other fees, terms and conditions apply, see Cardholder Agreement. Yes 0 The current account maintenance fee is $42 annually, payable at $3.50 monthly. $0 $0 Please See Plan Disclosure Documents 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 record keeping.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. The checking account option is provided through Fifth Third Bank, NA. 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. Yes No Yes No No

HB 556 Legislative Summary

Yes The Fifth Third Bank, NA checking account is FDIC Insurance up to $250,000, subject to certain restrictions. 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 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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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. See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. $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.

Withhold Rules: Contributions made by check, recurring contribution, or EFT to the checking account option will be available for withdrawal after six business days. Contributions to the investment options made check, recurring contribution, or EFT will be available for withdrawal after 5 business days. There will be a hold of 10 business days on withdrawal requests when there is a change of address.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. Fifth Third Bank 4 Vanguard 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 The Fifth Third Bank, NA Bank Safe account is FDIC Insurance up to $250,000, subject to certain restrictions. Yes 50 Yes 1 Yes The current account maintenance fee is $30 per year payable at $2.50 per month for Ohio residents and $42 per year payable at $3.50 per month for non-Ohio residents. No Yes There is no added costs for the STABLE Card, which is a loadable prepaid debit card. Other fees, terms and conditions apply, see Cardholder Agreement. Yes 0 The current account maintenance fee is $30 per year payable at $2.50 per month for Ohio residents and $42 per year payable at $3.50 per month for non-Ohio residents. 0 $0 See state's ABLE Plan Disclosure Documents and Investment Performance Report for detailed information. 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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents. Fifth Third Bank 4 Vanguard Yes No Yes No No

.Oklahoma HB 2821 establishes the rules for Oklahoma STABLE

Yes The Fifth Third Bank, NA Bank Safe account is FDIC Insurance up to $250,000, subject to certain restrictions. Yes 50 Yes 1 Yes The current account maintenance fee is $42 per year payable at $3.50 per month. No Yes There is no added costs for the STABLE Card, which is a loadable prepaid debit card. Other fees, terms and conditions apply, see Cardholder Agreement. Yes 0 The current account maintenance fee is $42 per year payable at $3.50 per month. $0 $0 Please See Plan Disclosure Documents 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 record keeping.

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

Oregon – ABLE for All Savings Plan /state-review/oregon-able-for-all-savings-plan/ Oregon - ABLE for ALL Savings Plan (click to open an account) https://ableforall.com/about 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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. 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://www.sumday.com/register/oregon-able Open for Enrollment Sumday, a division of BNY Mellon No 15,000 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents. 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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. The checking account option is provided through Fifth Third Bank, NA. 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. 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

Yes Yes, the Fifth Third Bank, NA checking account is FDIC Insurance up to $250,000, subject to certain restrictions. 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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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. See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. $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.

Withhold Rules: Contributions made by check, recurring contribution, or EFT to the checking account option will be available for withdrawal after six business days. Contributions to the investment options made check, recurring contribution, or EFT will be available for withdrawal after 5 business days. There will be a hold of 10 business days on withdrawal requests when there is a change of address.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. The checking account option is provided through Fifth Third Bank, NA. 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. Yes No Yes No No

HB 5564 Legislative Summary

SB 465 Legislative Summary

Yes The Fifth Third Bank, NA checking account is FDIC Insurance up to $250,000, subject to certain restrictions. 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. Checkbooks containing 50 checks may be purchased for $6.00 per checkbook. Once the checking account balance reaches at least $25.00, payment for checkbooks may be made from funds in the account. 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. See Plan Disclosure Documents for detailed information 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. The $2.00 monthly fee for the checking account option will be waived with an average daily balance of greater than $250, or if enrolled in electronic statement delivery. 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.

Withhold Rules: Contributions made by check, recurring contribution, or EFT to the checking account option will be available for withdrawal after six business days. Contributions to the investment options made check, recurring contribution, or EFT will be available for withdrawal after 5 business days. There will be a hold of 10 business days on withdrawal requests when there is a change of address.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents. Fifth Third Bank 4 Vanguard 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 The Fifth Third Bank, NA Bank Safe account is FDIC Insurance up to $250,000, subject to certain restrictions. Yes 50 Yes 1 Yes The current account maintenance fee is $42 per year payable at $3.50 per month. No Yes There is no added costs for the STABLE Card, which is a loadable prepaid debit card. Other fees, terms and conditions apply, see Cardholder Agreement. Yes 0 The current account maintenance fee is $42 per year payable at $3.50 per month. 0 $0 Please See Plan Disclosure Documents 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 record keeping.

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) https://www.texasable.org/ Open for Enrollment NorthStar Financial Services Group No 15,000 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents of Texas. Omnibus Bank Savings Account held by Bank of the West 4 Vanguard, PIMCO and Eaton Vance. No No Yes No No There is no state income tax for residents of Texas.

SB 01664

Yes 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 25 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 To be determined; the program manager is currently in contract negotiations with a bank to provide a low-cost debit card for program participants. Please see Disclosure Documents and Investment Performance Report for detailed information. 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.

The program manager is currently in contract negotiations with a bank to provide a low-cost debit card for program participants.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents. Fifth Third Bank 4 Vanguard Yes No Yes No No

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

Yes The Fifth Third Bank, NA Bank Safe account is FDIC Insurance up to $250,000, subject to certain restrictions. Yes 50 Yes 1 Yes The current account maintenance fee is $42 per year payable at $3.50 per month. No Yes There is no added costs for the STABLE Card, which is a loadable prepaid debit card. Other fees, terms and conditions apply, see Cardholder Agreement Yes 0 The current account maintenance fee is $42 per year payable at $3.50 per month. $0 $0 Please See Plan Disclosure Documents 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 record keeping.

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 An eligible Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her account. The additional amount that may be contributed is an amount equal to the lesser of (i) the Account Owner’s compensation includible in the Account Owner's gross income for the taxable year or (ii) equal to the Federal Poverty Level for a one-person household as determined by the preceding taxable year: in 2019, up to $12,490 for residents of the 48 contiguous states; $15,600 for Alaska; or $14,380 for residents of Hawaii. PNC Bank 5 Vanguard and Fidelity Yes No Yes, typically, funds are available one to three business days after a deposit. No Yes $2,000 of contributions to an ABLEnow account per contributor are deductible for Virginia income tax purposes.

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

Yes Balances in the ABLEnow Deposit Account are insured to the extent allowed by the Federal Deposit Insurance Corporation (FDIC). 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 See plan disclosure documents. 0 No fee for online statements. There is a $1.50 per month fee for customers who request to receive a monthly paper statement by mail. $0

ABLEnow is the national, direct-sold ABLE savings program administered by Virginia529, the nation’s largest college savings plan. Launched 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 and free resources such as a debit card compatible with mobile wallets, online gifting center and in-house ABLE experts available by phone and email.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan, may contribute additional ABLE to Work money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less, up to $12,490 for residents of Washington State in 2020. Bank of New York Mellon 3 Vanguard & DFA Yes No Yes, contributions received from a Beneficiary or Authorized Legal Representative will be subject to a ten (10) Business Day holding period before the funds are available for withdrawal. Contributions made as a result of a gift from a third party will be subject to a twenty (20) Business Day holding period before the funds are available for withdrawal. 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 of the 2016 Legislative Session Implements the federal ABLE Act in Washington State.

Yes The Bank of New York Mellon savings account is FDIC Insurance up to $250,000, subject to certain restrictions. Yes 25 Yes 10 Yes $35 No Yes ACH and prepaid card disbursements are unlimited and free. Yes 0 $35 $2.50 per paper check disbursement. $1.25 per month Please See Plan Disclosure Documents 75 Free for E-Delivery. $10 annually for paper statements. Free unlimited withdrawals.

Washington State is part of the ABLE Collaborative led by Oregon.

There are no state income taxes for residents of Washington.

ABLE to ABLE Rollovers: Free for incoming rollovers; $50 fee for outgoing rollovers.

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 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents. Fifth Third Bank 4 Vanguard 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 West Virginia resident or tax payer 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 deduction 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

Yes The Fifth Third Bank, NA Bank Safe account is FDIC Insurance up to $250,000, subject to certain restrictions. Yes 50 Yes 1 Yes The current account maintenance fee is $42 per year payable at $3.50 per month. No Yes There is no added costs for the STABLE Card, which is a loadable prepaid debit card. Other fees, terms and conditions apply, see Cardholder Agreement Yes 0 The current account maintenance fee is $42 per year payable at $3.50 per month. $0 $0 Please See Plan Disclosure Documents 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 record keeping.

Wyoming /state-review/wyoming/ WYABLE (click to open an account) https://wyable.com/ Open for Enrollment Intuition ABLE Solutions, LLC No 15,000 An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation for the year or equal to the poverty line for a one-person household for the prior year, whichever amount is the less: up to $12,490 for residents. Fifth Third Bank 4 Vanguard Yes No Yes No No Wyoming does not have state specific ABLE legislation.

NA

Yes The Fifth Third Bank, NA Bank Safe account is FDIC Insurance up to $250,000, subject to certain restrictions. Yes 50 Yes 1 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. Other fees, terms and conditions apply, see Cardholder Agreement. Yes 0 The current account maintenance fee is $42 per year payable at $3.50 per month. $0 $0 Please See Plan Disclosure Documents 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 FDIC Insured? fdic_insured_if_yes
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 disbursements 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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