ABLE Account Decision Guide Series

Finding the Funds to Save in an ABLE Account

The lump sum typically represents the amount of back payments due when an initial application is approved for payment. The back payment may be a few thousand dollars for the few months it took to process an application, or it could amount to $10,000 or more if the benefits were awarded retroactively back to the disability onset date or filing date following an appeal.

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Note: Our ABLE Decision Guide Series is designed as an aid to decision making as it relates to establishing and using an ABLE account. This document does not cover every possible issue related to the topic and is not a substitute to more in-depth analysis that may be required in some cases.