Search to Find Your Best Fit

No matter where you reside, you can open an ABLE account in any state that accepts outside residents into their program. And we can help you find the right fit.

How to use the Search by ABLE Program Features Tool:

  1. Complete the form below to search for various program features within all state ABLE programs.
  2. When you have selected at least one ABLE program and one feature, click the submit button. Links to two csv files will display. The first csv file includes all states with your selected feature(s) and the second csv file lists all ABLE programs and data.
  3. In the displayed chart, click on “Learn More” to go to an individual state page.
  4. On an individual state page, 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 partner 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. 


Please select all features of an ABLE program that are important to you:






Alabama /state-review/alabama/ Enable Savings Plan Alabama (click to open an account) https://al.enablesavings.com/ Open for Enrollment First National Bank of Omaha Yes $15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions) 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 calendar 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 5 Vanguard Yes No Yes 5-6 business days after contribution and 10 business days for change of address of account holder. No current legislation on Medicaid Estate Recovery No

 

Alabama Senate Bill 226 implements the federal ABLE act in Alabama

Yes Yes 50 Yes 25 Yes The current account Maintenance fee is $45 annually, payable at $11.25 per quarter No Yes $0 Yes 0 The current account Maintenance fee is $45 annually, payable at $11.25 per quarter. $6.00 for a box of 50 checks $0

Please See Plan Disclosure Document

0 $2.00 per month, unless set up for electronic statement or maintain an average monthly balance Checking Investment Option of $250. $2 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250.

Enable Savings Plan Alabama are open to in-state and out-of-state residents. The plan offers five investment options to best suit your needs;Growth, Moderate and Conservative; a Bank Savings option ;and a Checking Investment Option that comes with a free debit card. Gifts may be made through a gift contribution coupon or by using the U-gift online gifting service.

There is no charge to use Fifth Third ATMS or partner ATMS.

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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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. Please note that following the death of the account owner, the state Medicaid plan may file a claim against the Account Owner or the B16 Account itself for medical assistance paid under the state's Medicaid plan after the establishment of the account. No

Legislative Summary HB 188

 

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.

Please See Plan Disclosure Documents

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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 calendar 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 Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. No

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

Yes 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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 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. Under Section 529A, following the death of the Account Owner, any state may file a claim against the Account Owner or the Account itself for the total medical assistance paid for the Account Owner under the state’s Medicaid plan after the establishment of the Account (or any ABLE account from which amounts were rolled or transferred to the current Account). Yes

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 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.

Please See Plan Disclosure Documents

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.
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 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 or equal to the poverty line for a one-person household for the prior calendar 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. TIAA Bank 4 TIAA-CREF Yes No Yes Contributions made by check or ACH will not be available for 10 Business Days. California law prevents MediCAL from seeking reimbursement from CalABLE accounts of California residents. No

Assembly Bill 449 (2015) implements the federal ABLE Act in California

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 $1.25 per month (additional fees may apply) Yes 0 $37 $5/check fee for checks issued payable to the beneficiary, Authorized Legal Representative or 3rd party payee. $0

Please see Plan Disclosure Document

0 $10 annually if received by USPS. Waived is received by email. $0 for ACH

 

 

Colorado /state-review/colorado/ Colorado ABLE (click to open an account) https://www.coloradoable.org/ Open for Enrollment Ascensus Yes $15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 ontributions 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. Upon the death of the designated beneficiary, all amounts remaining in the qualified account not in excess of the amount equal to the total medical assistance paid for the designated beneficiary after the establishment of the account, net of any premiums paid from the account or paid by or on behalf of the beneficiary to a Medicaid Buy-In program under any state Medicaid plan established under title XIX of the Social Security Act, shall be distributed to the state that made such payments upon filing of a claim for payment by such state. No

HB 1359

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.

Please See Plan Disclosure Documents

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.

Connecticut /state-review/connecticut/ ABLE CT http://CT.savewithABLE.com Open for Enrollment Ascensus College Savings Recordkeeping Services, 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 or equal to the poverty line for a one-person household for the prior calendar 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 Vanguard, Schwab, BlackRock Yes No Yes 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. Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. No

Enabling Connecticut Legislation: PA 15-80—sHB 6738

Yes Yes 25 Yes 25 Yes The quarterly account maintenance fee of $15.00 quarterly for paper statement delivery ($60 annually) is reduced to $11.25 quarterly ($45 annually) for accounts that receive electronic statements. No Yes $2.00 per month Yes 0 The quarterly account maintenance fee of $15.00 quarterly 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. $2.00 per month

Please See Plan Disclosure Document

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. 0

Connecticut is a member of the National ABLE Alliance, a bi-partisan consortium of states. ABLE CT 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 ABLE CT plan is available to both in-state and out-of-state residents. Anyone can contribute to an ABLE CT account, and the easy-to-use Ugift feature makes gift contributions easy.

ABLE CT site

Delaware /state-review/delaware/ DEPENDABLE (Click to open an account) https://savewithable.com/de/home.html Open for Enrollment Ascensus Yes $15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 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. Upon death, ABLE funds can be used by the beneficiary’s estate to pay for outstanding qualified expenses, including funeral and burial costs. Remaining funds will be transferred to the estate and may be subject to Medicaid “clawback.” House Bill 145 (2017) prohibits Delaware Medicaid from recouping certain Medicaid funds spent on behalf of a deceased beneficiary. Delaware Medicaid may be obligated under federal law to recoup funds spent on behalf of a deceased beneficiary over the age of 55, or funds expended for certain beneficiaries in nursing or intermediate care facilities or similar institutions No

Delaware Achieving a Better Life Experience Savings Accounts

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.

Please See Plan Disclosure Documents

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.

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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 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. Please note that following the death of the account owner, the state Medicaid plan may file a claim against the Account Owner or the Account itself for medical assistance paid under the state's Medicaid plan after the establishment of the account. No

Legislative Summary B21-0252

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.

Please See Plan Disclosure Documents

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.
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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 calendar 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. 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. The Florida Medicaid program may not file a claim for Medicaid recovery of funds in an ABLE United Account. Upon the death of a designated Beneficiary, funds in the ABLE Account must first be distributed for Qualified Disability Expenses, then transferred to the estate of the designated Beneficiary. No

Florida Achieving a Better Life Experience (ABLE) Act

Yes Yes 25 Yes 5 No No Yes $2.50 per month 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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. 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 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.

Hawaii /state-review/hawaii/ Signed into law - program in development 15000 13960

HB 119  HD 2  SD 1  CD 1

Legislative Summary

Idaho /state-review/idaho/ Not Active 15000 12140 Yes

Idaho Statute §56-708

The State Independent Living Council (SILC) provides technical assistance, information and financial literacy training. Technical assistance includes information and assistance relating to the ABLE Act, setting up ABLE accounts in other states and providing information related to financial literacy. The SILC can be reached at (208)-334-3800.

The passage of House Bill 41, signed by Governor Butch Otter on March 20, 2017, provides information for disregarding ABLE accounts when determining an Idaho resident’s eligibility for a state or local assistance program or a needs-based state or local grant, so long as the ABLE account and the activity related to it are disregarded when determining an applicant’s eligibility for a Federal assistance program. This legislation also establishes, subject to appropriation, a function to provide individuals with disabilities, and those assisting them, technical assistance relating to the ABLE Act.

Illinois /state-review/illinois/ Illinois ABLE (click to open an account) https://savewithable.com/il/home.html Open for Enrollment Ascensus Yes $15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 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. Illinois state Medicaid is not permitted to recover certain benefits from an IL ABLE account, unless required by federal law. Yes

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

 

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 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.

Please See Plan Disclosure Documents

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.

Indiana /state-review/indiana/ INvestABLE Indiana (click to open an account) https://savewithable.com/in/home.html Open for Enrollment Ascensus Yes $15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 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. Please note that following the death of the account owner, the state Medicaid plan may file a claim against the Account Owner or the Account itself for medical assistance paid under the state's Medicaid plan after the establishment of the account. No

Legislative Summary SB 11

Legislative Summary SB 184

Legislative Summary HB 1407

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 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.

Please See Plan Disclosure Documents

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.

Iowa /state-review/iowa/ IAble (click to open an account) https://www.iable.gov/ Open for Enrollment Ascensus Yes $15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 ontributions 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. Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the state’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. Yes

Iowa Able Savings Plan Trust, Iowa Code 12I

 

 

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.

Please See Plan Disclosure Documents

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.

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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 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. Upon the death of the Account Owner, Kansas Medicaid will not attach the assets in the account unless required by the federal law. Currently section 1917(b) of the federal social security act, 42 U.S.C. §1396p(b), requires states to recover assets when the account owner was over 55 years of age and used Medicaid for nursing home or in-home nursing care benefits. Kansas Medicaid will not seek to recover Medicaid funds, unless required by federal law. Yes

Legislative Summary

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.

Please See Plan Disclosure Documents

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.

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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. No

Kentucky Revised Statutes § 205.200 establishes the rules for STABLE Kentucky

Yes 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 15000 12140 7 Vanguard Inc: “ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” No No Yes 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.

Maine /state-review/maine/ N/A Signed into law - program in development 15000 12140 No

Resolve, Directing the Treasurer of State To Study the Most Effective Options for Maine Residents To Participate in Tax-advantaged Savings Accounts for Persons with Disabilities

LD 1421 (HP 967) is a law directing the Treasurer of State to study the most effective options for Maine residents to participate in tax-advantaged savings accounts for persons with disabilities. It passed the House on 2/18/16 and the Senate on 2/23/16. It became law without the Governor’s signature on 3/6/16.

 

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. Sumday, 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 or equal to the poverty line for a one-person household for the prior calendar 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. BNY Mellon 4 Vanguard Yes No Yes Up to a maximum of 7 business day hold after a contribution has been received and accepted by the Program for funds to be available for withdrawal. FOR the purpose of authorizing money and assets in an ABLE account to be transferred, on the death of a designated beneficiary, to a certain estate or a certain ABLE account for an eligible individual, unless prohibited by federal law; prohibiting the State, unless required by federal law, from seeking payment from an ABLE account or its proceeds for certain medical benefits paid for the designated beneficiary; and generally relating to the Maryland ABLE Program. 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 1 October 1, 2018. Yes

Maryland HB 431 established the Maryland Achieving a Better Life Experience Program.

Yes Yes 25 Yes 10 Yes An annual Account Maintenance Fee of $35 billed at the end of each quarter. The amount billed will be prorated for the calendar quarter during which you open your ABLE Account. Each quarter after that you will be billed $8.75. No Yes $1.25 per month Yes 50 An annual Account Maintenance Fee of $35 billed at the end of each quarter. The amount billed will be prorated for the calendar quarter during which you open your ABLE Account. Each quarter after that you will be billed $8.75. NA $1.25

Please See Plan Disclosure Documents

0 None if electronically $10 per year if paper statements are chosen. 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 that have savings goals in order to maintain benefits, based on assets outside of the ABLE account, can be completed throughout the calendar year.

Maryland ABLE offers both online and paper enrollment. Account holders can also call and make an appointment to visit our offices for assistance to enroll during normal business hours.

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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 If the account owner dies with funds in an ABLE account, those funds must be used (in this order), to pay any outstanding QDE bills including funeral expenses, to provide payback to Medicaid for all Medicaid benefits received, and then to be distributed to the account holders legal beneficiaries. No

Bill H 3753

 

No No No 0 No No Yes Yes 0 $0 $0 $0

Please See Plan Disclosure Document

0 $0 $0

Nationally, Fidelity Investments has centers where a customer can open an account in person. A person can open an account at an investment center, online and over the phone.

Here is the link to search for Fidelity investment centers nationally.

Michigan /state-review/michigan/ MiABLE (click to open an account) https://www.miable.org/ Open for Enrollment TSA Consulting Group, Inc. Yes 15000 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 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. Medicaid may claim any funds remaining after the beneficiary passes away Yes

PA 160 of 2015

 

Yes 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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 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. Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State's Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. No

Legislative Summary

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.

Please See Plan Disclosure Documents

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.

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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 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. Upon the death of a beneficiary, funds remaining in an ABLE account can be used by the decedent’s estate to pay for outstanding Qualified Disability Expense, including funeral and burial costs. Funds remaining subsequent to these payments will be transferred to the decedent’s estate and may be subject to “clawback” under applicable Medicaid laws and regulations. Yes

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.

Please See Plan Disclosure Documents

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.

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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. Yes

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

Yes 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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 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. Please note that following the death of the account owner, the state Medicaid plan may file a claim against the Account Owner or the Account itself for medical assistance paid under the state's Medicaid plan after the establishment of the account. Yes

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 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.

Please See Plan Disclosure Documents

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.

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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 calendar 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 5-6 business days after contribution and 10 business days for change of address or account holder No current legislation on Medicaid Estate Recovery Yes

Nebraska State Statute § 77-1401 implements the federal ABLE Act in Nebraska

Yes Yes 50 Yes 25 Yes The current account Maintenance fee is $45 annually, payable at $11.25 per quarter. No Yes $0 Yes 0 The current account Maintenance fee is $45 annually, payable at $11.25 per quarter. $6.00 for a box of 50 checks. $0

Please See Plan Disclosure Document

0 $2.00 per month, unless set up for electronic statement or maintain an average monthly balance Checking Investment Option of $250. $2 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250.

Enable Savings Plan are open to in-state and out-of-state residents. The Plan offers five investment options to best suit your needs; 3 mutual fund options Growth, Moderate, and Conservative; a Bank Savings option; and a Checking Investment option that comes with a free debit card. Nebraska residents that contribute to an Enable Savings Plan account are eligible for a Nebraska State tax deduction. Gifts may be made to an Enable Savings Plan account through a gift contribution coupon or by using the Ugift online gifting service.

Debit Card: There is no charge to use Fifth Third ATMS or partner ATMS.

Nevada /state-review/nevada/ ABLE Nevada (click to open an account) https://savewithable.com/nv/home.html Open for Enrollment Ascensus Yes $15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 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. Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. No

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

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.

Please See Plan Disclosure Documents

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.

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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. No

New Hampshire RSA 195-K establishes the rules for STABLE NH

Yes 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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 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. Upon the death of the designated beneficiary, all amounts remaining in the qualified account not in excess of the amount equal to the total medical assistance paid for the designated beneficiary after the establishment of the account, net of any premiums paid from the account or paid by or on behalf of the beneficiary to a Medicaid Buy-In program under any state Medicaid plan established under title XIX of the Social Security Act, shall be distributed to the state that made such payments upon filing of a claim for payment by such state. No

A3959 Legislative Summary

 

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

Please See Plan Disclosure Documents

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.

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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. No

New Mexico HB61 established the rules for ABLE New Mexico

Yes 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 Ascenus Broker Dealer Services, LLC. is the Program Manager and Investment Manager. NY ABLE offers Vanguard investments and portfolios, which include Sallie Mae. 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 calendar 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, NA 4 Vanguard Yes No Yes There is a 5 business day hold on any new contributions and 6 days for contributions made to the Checking Option. Under Section 529A of the Code, following the death of the Account Owner, any state may file a claim against the Account Owner or the Account itself for the amount of the total medical assistance paid to or for the Account Owner under the state’s Medicaid plan after the Account (or any ABLE account from which amounts were rolled over or transferred to the current Account) was opened. The amount paid in satisfaction of a Medicaid recapture claim is not a taxable withdrawal from the Account and is paid only after all outstanding amounts due for Qualified Disability Expenses of the Account Owner have been paid. In addition, the amount of the recapture is reduced by the amount of all premiums paid by or on behalf of the Account Owner to a Medicaid Buy-In program under that state’s Medicaid plan. A Medicaid Buy-In program is a program that offers Medicaid coverage to people with disabilities who are working, and earning more than the allowable limits for regular Medicaid. No

SB 4472; S 6397

 

SB 4472; S 6397 Legislative Summary SB 4472 Legislative Summary S 6397

Yes Yes 25 No Yes Account maintenance fee is $55 annually or $45 annually if the individual chooses electronic statements. This fee will be taken out of the individual's account on a quarterly basis in the amount of $11.25 or $13.75. No Yes 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. Yes 0 Account maintenance fee is $55 annually or $45 annually if the individual chooses electronic statements. This fee will be taken out of the individual's account on a quarterly basis in the amount of $11.25 or $13.75. Fifth Third charges $6 per check book. There is no fee charged to obtain the NY ABLE debit card.

Please See Plan Disclosure Document

0 Account maintenance fee is $55 annually or $45 annually if the individual chooses electronic statements. This fee will be taken out of the individual's account on a quarterly basis in the amount of $11.25 or $13.75. $0

NY ABLE is a standalone program open to enrollment to NY residents.

No ATM fee as long as individual is using an Allpoint Network ATM. Locations can be found at https://www.allpointnetwork.com/

Minimum deposit to open account is $25; $15 with direct payroll deposit.

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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 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. To the extent provided in subsection 26 U.S.C. §529A(f) upon the death of the Account Owner, the Member State shall have a claim for payment from the Account Owner in an amount equal to the total medical assistance paid for the Account Owner after the establishment of the account. The Member State may file its claim for repayment from the account with the State Treasurer within 60 days of receiving notice from the State Treasurer of the death of the Account Owner. Any remaining funds in the Account Owner's Account shall be distributed as provided in the Plan Disclosure Documents or distributed to the Account Owner's estate if no other designation is made. No

HB 556 Legislative Summary

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 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.

Please See Plan Disclosure Documents

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.

North Dakota /state-review/north-dakota/ ABLE Plan for North Dakota (click to open an account) https://bnd.nd.gov/able/ Signed into law - see website for information on how to select an ABLE plan in another state. Bank of North Dakota 15000 12140 Yes No 0
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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. Yes

Ohio House Bill 155 implements the federal ABLE Act in Ohio

Yes 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

Please See Plan Disclosure Documents

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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. No

.Oklahoma HB 2821 establishes the rules for Oklahoma STABLE

Yes 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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 4 Vanguard and DFA Yes No Yes Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. No

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

Please See Plan Disclosure Document

0 $10 annually No

From the very beginning, Oregon ABLE was designed to be a self-empowerment tool for people with disabilities. We always presume competence while making sure you have access to any supports you need. Our program was created with the support of people with disabilities and the organizations that serve 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/BNY Mellon No $15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 calendar year, whichever amount is the less: up to $12,490 for Oregon residents. BNY Mellon 4 Vanguard, DFA Yes No Yes 10-business-day hold if deposit is made by account owner or authorized legal representative. 20-business-day hold if deposit is made by anyone else. 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 funds could still be recovered by Medicaid. Yes

Oregon Senate Bill 777 implemented the Federal ABLE Act in Oregon

Oregon ABLE Tax Credit

Yes Yes 25 Yes 10 Yes $35 a year No Yes $1.25 per month Yes 50 $35 $2.50 per check $1.25 per month

Please See Plan Disclosure Document

0 Access to online statements is free. Paper statements can be mailed for $10 per year. No fee for withdrawals

From the very beginning, Oregon ABLE was designed to be a self-empowerment tool for people with disabilities. We always presume competence while making sure you have access to any supports you need. Our program was created with the support of people with disabilities and the organizations that serve them.

A free online gifting page makes it easy for friends and family to contribute.

Our ABLE for ALL Savings Plan accepts out-of-state residents.

Pennsylvania /state-review/pennsylvania/ PA ABLE Savings Program (click to open an account) http://www.paable.gov/ Open for Enrollment Ascensus Yes $15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 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. State law prohibits Medicaid Estate Recovery from an ABLE account, unless required by federal law. Yes

HB 1319 Legislative Summary

SB 879 Legislative Summary

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.

Please See Plan Disclosure Documents

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.

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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 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 by check, recurring contribution, or EFT will be 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 by 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. Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. No

HB 5564 Legislative Summary

SB 465 Legislative Summary

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.

Please See Plan Disclosure Documents

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.

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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. Yes

South Carolina HB3768 established the Palmetto ABLE Savings Program

Yes 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.

South Dakota /state-review/south-dakota/ 15000 12140 Yes No

HB 1224

0

HB 1224 was signed into law on 3/11/2016. The bill:

  1. Excludes contributions to an account in a qualified ABLE savings program, earnings on the contributions or distributions from the account for qualified disability expenses from consideration when determining eligibility for state benefit programs.
  2. Authorizes the Investment Council to provide information about ABLE savings programs to residents of South Dakota.
Tennessee /state-review/tennessee/ ABLE TN (click to open an account) https://able.treasury.tn.gov/ Open for Enrollment State of Tennessee Department of Treasury 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 or equal to the poverty line for a one-person household for the prior calendar 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 Horizon Bank 15 Vanguard; PrimeCap, DoubleLine; Western Asset Management No No Yes Each Contribution will be subject to a ten (10) calendar day hold before the monies are eligible for Withdrawal. Additionally, there will be a hold of eight (8) Business Days on Withdrawal requests when there is a change to the Account Owner’s address and a hold of ten (10) calendar days on Withdrawal requests following a change to the Account’s banking information. Within thirty (30) days upon the death of an Account Owner, and after all outstanding payments due for Qualified Disability Expenses, all amounts remaining in an ABLE Account, up to an amount equal to the total medical assistance paid for the Account Owner after the establishment of an ABLE Account, net of any premiums paid by or on behalf of the Account Owner to a Medicaid Buy–In program under any state Medicaid plan, may be claimed by the applicable state and, if so claimed, must be distributed by the Program to the claiming state. No

Achieving a better life experience (ABLE) act

Yes Yes 25 No No No No Yes 0 $0 NA $0

Please See Plan Disclosure Document

0 $0 $0

New Enrollment is only available to Tennessee residents.

Texas /state-review/texas/ Texas ABLE Program (click to open an account) https://www.texasable.org/ Open for Enrollment NorthStar Financial Services Group, LLC No $15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 calendar 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. Bank of the West 4 Vanguard, PIMCO, Eaton Vance, and an omnibus Bank Savings Account held by Bank of the West No No Yes 7 business days on checks if needed to fund the withdrawal; 5 business days on electronic contributions if needed to fund the withdrawal; also to protect the account owner, there is a 10 business day hold on withdrawals following a change of address for the beneficiary or the authorized legal representative and a 15 business day hold following a change in the authorized legal representative. In the event the individual with the disability were to pass away, the state of Texas has the authority to ask for the funds paid by Medicaid during the time that the ABLE account was open- but only after outstanding qualified disability expenses (including funeral and burial) are paid first. No

Texas Education Code, Chapter 54, Subchapter J

Yes Yes 50 Yes 25 Yes $48 per year payable at $4 per month Yes Two free ACH withdrawals per month, $1 for each additional withdrawal. No Yes 0 $48 per year payable at $4 per month. $5 per check processing fee. To be determined.

Please See Plan Disclosure Document

0 No charge for electronic delivery of statements; $10 per year fee for paper delivery of program documents; tax documents are delivered at $0 cost for either option. Two free ACH withdrawals per month, $1 for each additional withdrawal.

Texas ABLE offers online account management, a robust gifting feature and payroll deduction. There is no enrollment fee and the program has a low minimum contribution limit. Program is established and maintained by the Texas Prepaid Higher Education Tuition Board with assistance from the Texas Comptroller of Public Accounts. ABLE assets are pooled with 529 assets to maximize earnings potential. Aon Hewitt Investment Consulting serves as investment consultant to the Board in managing program assets.

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

Self-attestation enrollment process. To protect rights of the beneficiary, proof is required of legal authority for someone else to establish an account on behalf of a beneficiary. Texas ABLE account balances, earnings, and withdrawals disregarded for purposes of determining eligibility to receive certain benefits provided by the State of Texas.

Utah /state-review/utah/ Signed into law - program in development 15000 12140 No Yes Yes

S.B. 292

S.B. 292 Legislative Summary

0
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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. No

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

Yes 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 Document

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.able-now.com/ableamerica Open for Enrollment Virginia529 selected American Funds Service Company, American Funds Distributors and Capital Research and Management Company to manage ABLEAmerica. Yes $15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 7 American Funds No Yes Yes Please contact your financial advisor. Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the state’s Medicaid program on behalf of the account owner after the establishment of the ABLE account, upon filing of a claim for payment by such state against the account owner's estate. Virginia law prohibits the state from filing Medicaid recovery claims against the ABLEnow or ABLEAmerica accounts of Virginia residents, unless required by federal law. Yes

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

No Yes 250 Yes 50 Yes Accounts may incur an initial $10 set-up fee. However, these fees are waived until further notice. No No Yes 0 Accounts may incur an annual $10 account maintenance fee. However, these fees are waived until further notice. NA NA

Please See Plan Disclosure Documents

0 Please contact your financial advisor. NA

The first ABLE program available through financial advisors, ABLEAmerica is distributed by American Funds, a family of mutual funds from Capital Group, one of the world’s largest investment management firms. The advisor-sold ABLEAmerica plan is sponsored by Virginia529 and open to eligible individuals in all 50 states. For more information, contact a financial advisor.

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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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. Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the state’s Medicaid program on behalf of the account owner after the establishment of the ABLE account, upon filing of a claim for payment by such state against the account owner's estate. Virginia law prohibits the state from filing Medicaid recovery claims against the ABLEnow or ABLEAmerica accounts of Virginia residents, unless required by federal law. Yes

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

Yes 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

Please 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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 calendar 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. 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. Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the ABLE account, upon filing of a claim for payment by such state against the account owner's estate. No

Washington House Bill 2323 of the 2016 Legislative Session Implements the federal ABLE Act in Washington State.

Yes 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 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 Moneys in a STABLE Account are not subject to claims by the West Virginia Department of Health and Human Resources, except as required by federal law; and on the death of a Beneficiary, shall be transferred to the estate of the Beneficiary, unless prohibited by federal law. Yes

West Virginia H. B. 2902, known as the Achieving a Better Life Experience in West Virginia Act, establishes the rules for WVABLE

Yes 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 Document

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.

Wisconsin /state-review/wisconsin/ NA Signed into law - program in development NA No $15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) $12,490 NA NA No Yes

2015 Senate Bill 21 – 2015 WISCONSIN ACT 55

 

No 0

Wisconsin allows a state income tax deduction for contributions to ABLE accounts opened in other states.

ABLE was added to the Executive Budget Act of 2015 (SB 21) on 7/12/15.

IMPORTANT NOTE: AB 731 was introduced on 1/15/16.  This legislation repeals the Wisconsin ABLE Law but applies a state income tax deduction to ABLE accounts opened in other states. AB 731 passed Assembly on 2/16/16 and the Senate concurred on 3/16/16. It was signed into law on 3/30/16.

Wyoming /state-review/wyoming/ WYABLE (click to open an account) https://wyable.com/ Open for Enrollment Intuition ABLE Solutions, LLC No $15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.) 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 Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state. No

NA

Yes 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 Document

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.

State,ABLE URL,Program Name,Program Link,Status,State Program Manager,State Account Limit,Accepts Out of State Residents,Annual Contribution Limit,ABLE to Work Act Contribution,Program Banking Institution,Number Investment Options,Program Investment Institution(s),Debit Card Or Prepaid Card,Financial Advisor Sold Plan,Withdrawal Hold Rules,Medicaid Estate Recovery Status,State Income Tax Deduction,State Income Tax Deduction More Info,ABLE Legislation,Account Disclosure Document,FDIC Insured,Initial Minimum Contribution,Initial Minimum Contribution Amount,Required Minimum Contribution,Required Minimum Contribution Amount,Annual Set Fee,Annual Set Fee Amount,Fees Or Restrictions,Fees Or Restrictions Details,Purchasing Card Available,Purchasing Card Added Cost,ABLE to ABLE Rollover,Roll Over Fee Amount,Annual Maintenance Fee,Check Fee,Debit Card Fee,Investment Option Fee Range,529 College Rollover Fee,Statement Fee,ABLE Account Transfer Fee,Withdrawal Transaction Fee,Other Unique Characteristics,Additional Info-nl-"Alabama","/state-review/alabama/","Enable Savings Plan Alabama (click to open an account)","https://al.enablesavings.com/","Open for Enrollment","First National Bank of Omaha","400,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions)","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 calendar 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","5","Vanguard","Yes","No","Yes. 5-6 business days after contribution and 10 business days for change of address of account holder.","No current legislation on Medicaid Estate Recovery","No","","

 

Alabama Senate Bill 226 implements the federal ABLE act in Alabama

","

Please See Plan Disclosure Document

","Yes","Yes","50","Yes","25","Yes","The current account Maintenance fee is $45 annually, payable at $11.25 per quarter","No","","Yes","$0","Yes","0","The current account Maintenance fee is $45 annually, payable at $11.25 per quarter.","$6.00 for a box of 50 checks","$0","

Please See Plan Disclosure Document

","0","$2.00 per month, unless set up for electronic statement or maintain an average monthly balance Checking Investment Option of $250. ","$0","$2 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250. ","

Enable Savings Plan Alabama are open to in-state and out-of-state residents. The plan offers five investment options to best suit your needs;Growth, Moderate and Conservative; a Bank Savings option ;and a Checking Investment Option that comes with a free debit card. Gifts may be made through a gift contribution coupon or by using the U-gift online gifting service.

","

There is no charge to use Fifth Third ATMS or partner ATMS.

",-nl-
"Alaska","/state-review/alaska/","Alaska ABLE Program (click to open an account)","https://savewithable.com/ak/home.html","Open for Enrollment","Ascensus","400,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. ","Please note that following the death of the account owner, the state Medicaid plan may file a claim against the Account Owner or the B16 Account itself for medical assistance paid under the state's Medicaid plan after the establishment of the account.","No","","

Legislative Summary HB 188

 

","

Please see the Plan Disclosure Documents

","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. ","

Please See Plan Disclosure Documents

","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","$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.

","",-nl-
"Arizona","/state-review/arizona/","AZ ABLE (click to open an account)","https://az-able.com/","Open for Enrollment","Intuition ABLE Solutions, LLC","482,000","No","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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 calendar 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. ","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","No","","

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

","

Please See Plan Disclosure Document

","Yes","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","There is no fee for rolling over an account, however, based on when the account is terminated, the account owner may be assessed a portion of the maintenance fee.","$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.

","",-nl-
"Arkansas","/state-review/arkansas/","Arkansas ABLE (click to open an account)","https://savewithable.com/ar/home.html","Open for Enrollment","Ascensus ","366,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. 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.","Under Section 529A, following the death of the Account Owner, any state may file a claim against the Account Owner or the Account itself for the total medical assistance paid for the Account Owner under the state’s Medicaid plan after the establishment of the Account (or any ABLE account from which amounts were rolled or transferred to the current Account).","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.

","

Please see the Plan Disclosure Documents

","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. ","

Please See Plan Disclosure Documents

","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","$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.
","",-nl-
"California","/state-review/california/","CalABLE (click to open an account)","https://calable.ca.gov/","Open for Enrollment","TIAA-CREF Tuition Financing, Inc.","529,000","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 or equal to the poverty line for a one-person household for the prior calendar 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.","TIAA Bank","4","TIAA-CREF","Yes","No","Yes. Contributions made by check or ACH will not be available for 10 Business Days.","California law prevents MediCAL from seeking reimbursement from CalABLE accounts of California residents.","No","","

Assembly Bill 449 (2015) implements the federal ABLE Act in California

","

Please See Plan Disclosure Document

","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","$1.25 per month (additional fees may apply)","Yes","0","$37","$5/check fee for checks issued payable to the beneficiary, Authorized Legal Representative or 3rd party payee.","$0","

Please see Plan Disclosure Document

","0","$10 annually if received by USPS. Waived is received by email.","$0","$0 for ACH","

 

 

","",-nl-
"Colorado","/state-review/colorado/","Colorado ABLE (click to open an account)","https://www.coloradoable.org/","Open for Enrollment","Ascensus ","400,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. ontributions 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.","Upon the death of the designated beneficiary, all amounts remaining in the qualified account not in excess of the amount equal to the total medical assistance paid for the designated beneficiary after the establishment of the account, net of any premiums paid from the account or paid by or on behalf of the beneficiary to a Medicaid Buy-In program under any state Medicaid plan established under title XIX of the Social Security Act, shall be distributed to the state that made such payments upon filing of a claim for payment by such state.","No","","

HB 1359

","

Please see the Plan Disclosure Documents

","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. ","

Please See Plan Disclosure Documents

","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","$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.

","",-nl-
"Connecticut","/state-review/connecticut/","ABLE CT","http://CT.savewithABLE.com","Open for Enrollment","Ascensus College Savings Recordkeeping Services, LLC","300,000","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 or equal to the poverty line for a one-person household for the prior calendar 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","Vanguard, Schwab, BlackRock","Yes","No","Yes. 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.","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","No","","

Enabling Connecticut Legislation: PA 15-80—sHB 6738

","

Please See Plan Disclosure Document

","Yes","Yes","25","Yes","25","Yes","The quarterly account maintenance fee of $15.00 quarterly for paper statement delivery ($60 annually) is reduced to $11.25 quarterly ($45 annually) for accounts that receive electronic statements.","No","","Yes","$2.00 per month","Yes","0","The quarterly account maintenance fee of $15.00 quarterly 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.","$2.00 per month","

Please See Plan Disclosure Document

","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. ","0","0","

Connecticut is a member of the National ABLE Alliance, a bi-partisan consortium of states. ABLE CT 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 ABLE CT plan is available to both in-state and out-of-state residents. Anyone can contribute to an ABLE CT account, and the easy-to-use Ugift feature makes gift contributions easy.

","

ABLE CT site

",-nl-
"Delaware","/state-review/delaware/","DEPENDABLE (Click to open an account)","https://savewithable.com/de/home.html","Open for Enrollment","Ascensus","350,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. 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.","Upon death, ABLE funds can be used by the beneficiary’s estate to pay for outstanding qualified expenses, including funeral and burial costs. Remaining funds will be transferred to the estate and may be subject to Medicaid “clawback.” House Bill 145 (2017) prohibits Delaware Medicaid from recouping certain Medicaid funds spent on behalf of a deceased beneficiary. Delaware Medicaid may be obligated under federal law to recoup funds spent on behalf of a deceased beneficiary over the age of 55, or funds expended for certain beneficiaries in nursing or intermediate care facilities or similar institutions","No","","

Delaware Achieving a Better Life Experience Savings Accounts

","

Please see the Plan Disclosure Documents

","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. ","

Please See Plan Disclosure Documents

","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","$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.

","",-nl-
"District of Columbia","/state-review/district-columbia/","DC ABLE (click to open an account)","https://savewithable.com/dc/home.html","Open for Enrollment","Ascensus","500,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. 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.","Please note that following the death of the account owner, the state Medicaid plan may file a claim against the Account Owner or the Account itself for medical assistance paid under the state's Medicaid plan after the establishment of the account.","No","","

Legislative Summary B21-0252

","

Please see the Plan Disclosure Documents

","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. ","

Please See Plan Disclosure Documents

","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","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.
","",-nl-
"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)","418,000","No","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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 calendar 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.","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.","The Florida Medicaid program may not file a claim for Medicaid recovery of funds in an ABLE United Account. Upon the death of a designated Beneficiary, funds in the ABLE Account must first be distributed for Qualified Disability Expenses, then transferred to the estate of the designated Beneficiary.","No","No, there is no state income tax for residents of Florida. ","

Florida Achieving a Better Life Experience (ABLE) Act

","

Please See Account Disclosure Document

","Yes","Yes","25","Yes","5","No","","No","","Yes","$2.50 per month","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.","$0","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/.

","",-nl-
"Georgia","/state-review/georgia/","Georgia STABLE (click to open an account)","https://www.georgiastable.com/","Open for Enrollment","Intuition ABLE Solutions, LLC","482,000","No","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. ","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","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

","

Please See Account Disclosure Document

","Yes","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","$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.

",-nl-
"Hawaii","/state-review/hawaii/","","","Signed into law - program in development","","0","","15000","13960","","","","","",". ","","","","

HB 119  HD 2  SD 1  CD 1

Legislative Summary

","","","","","","","","","","","","","","","","","","","","","","","","",-nl-
"Idaho","/state-review/idaho/","","","Not Active","","0","","15000","12140","","","","","","Yes. ","","","","","","","","","","","","","","","","","","","","","","","","","","","","

Idaho Statute §56-708

The State Independent Living Council (SILC) provides technical assistance, information and financial literacy training. Technical assistance includes information and assistance relating to the ABLE Act, setting up ABLE accounts in other states and providing information related to financial literacy. The SILC can be reached at (208)-334-3800.

The passage of House Bill 41, signed by Governor Butch Otter on March 20, 2017, provides information for disregarding ABLE accounts when determining an Idaho resident’s eligibility for a state or local assistance program or a needs-based state or local grant, so long as the ABLE account and the activity related to it are disregarded when determining an applicant’s eligibility for a Federal assistance program. This legislation also establishes, subject to appropriation, a function to provide individuals with disabilities, and those assisting them, technical assistance relating to the ABLE Act.

",-nl-
"Illinois","/state-review/illinois/","Illinois ABLE (click to open an account)","https://savewithable.com/il/home.html","Open for Enrollment","Ascensus","450,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. 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.","Illinois state Medicaid is not permitted to recover certain benefits from an IL ABLE account, unless required by federal law.","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

 

","

Please see the Plan Disclosure Documents

","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","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. ","

Please See Plan Disclosure Documents

","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","$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.

","",-nl-
"Indiana","/state-review/indiana/","INvestABLE Indiana (click to open an account)","https://savewithable.com/in/home.html","Open for Enrollment","Ascensus","450,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. 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.","Please note that following the death of the account owner, the state Medicaid plan may file a claim against the Account Owner or the Account itself for medical assistance paid under the state's Medicaid plan after the establishment of the account.","No","","

Legislative Summary SB 11

Legislative Summary SB 184

Legislative Summary HB 1407

","

Please see the Plan Disclosure Document

","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","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. ","

Please See Plan Disclosure Documents

","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","$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.

","",-nl-
"Iowa","/state-review/iowa/","IAble (click to open an account)","https://www.iable.gov/","Open for Enrollment","Ascensus","420,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. ontributions 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.","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the state’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","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

 

 

","

Please see the Plan Disclosure Documents

","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. ","

Please See Plan Disclosure Documents

","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","$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.

","",-nl-
"Kansas","/state-review/kansas/","Kansas ABLE Savings Plan (click to open an account)","https://savewithable.com/ks/home.html","Open for Enrollment","Ascensus","402,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. 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.","Upon the death of the Account Owner, Kansas Medicaid will not attach the assets in the account unless required by the federal law. Currently section 1917(b) of the federal social security act, 42 U.S.C. §1396p(b), requires states to recover assets when the account owner was over 55 years of age and used Medicaid for nursing home or in-home nursing care benefits. Kansas Medicaid will not seek to recover Medicaid funds, unless required by federal law.","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

","

Please see the Plan Disclosure Documents

","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. ","

Please See Plan Disclosure Documents

","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","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.

","",-nl-
"Kentucky","/state-review/kentucky/","STABLE Kentucky (click to open an account)","https://www.stablekentucky.com/","Open for Enrollment","Intuition ABLE Solutions, LLC","482,000","No","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. ","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","No","","

Kentucky Revised Statutes § 205.200 establishes the rules for STABLE Kentucky

","

Please See Plan Disclosure Document

","Yes","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","There is no fee for rolling over an account, however, based on when the account is terminated, the account owner may be assessed a portion of the maintenance fee.","$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.

",-nl-
"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)","500,000","No","15000","12140","","7","Vanguard Inc: “ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” ","No","No","Yes. ","","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

 

","

Account Disclosure Document

 

","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","$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.

",-nl-
"Maine","/state-review/maine/","N/A","","Signed into law - program in development","","399,999","","15000","12140","","","","","No",". ","","","","

Resolve, Directing the Treasurer of State To Study the Most Effective Options for Maine Residents To Participate in Tax-advantaged Savings Accounts for Persons with Disabilities

","","","","","","","","","","","","","","","","","","","","","","","","

LD 1421 (HP 967) is a law directing the Treasurer of State to study the most effective options for Maine residents to participate in tax-advantaged savings accounts for persons with disabilities. It passed the House on 2/18/16 and the Senate on 2/23/16. It became law without the Governor’s signature on 3/6/16.

 

",-nl-
"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.","Sumday, LLC","500,000","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 or equal to the poverty line for a one-person household for the prior calendar 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.","BNY Mellon","4","Vanguard ","Yes","No","Yes. Up to a maximum of 7 business day hold after a contribution has been received and accepted by the Program for funds to be available for withdrawal.","FOR the purpose of authorizing money and assets in an ABLE account to be transferred, on the death of a designated beneficiary, to a certain estate or a certain ABLE account for an eligible individual, unless prohibited by federal law; prohibiting the State, unless required by federal law, from seeking payment from an ABLE account or its proceeds for certain medical benefits paid for the designated beneficiary; and generally relating to the Maryland ABLE Program. 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 1 October 1, 2018. ","Yes","$2,500 of contributions per contributor and $5,000 for joint filers, per ABLE account are deductible in computing Maryland taxable income for Maryland state income tax payers (with a 10 year carry forward of excess contributions).","

Maryland HB 431 established the Maryland Achieving a Better Life Experience Program.

","

Please See Plan Disclosure Document

","Yes","Yes","25","Yes","10","Yes","An annual Account Maintenance Fee of $35 billed at the end of each quarter. The amount billed will be prorated for the calendar quarter during which you open your ABLE Account. Each quarter after that you will be billed $8.75.","No","","Yes","$1.25 per month","Yes","50","An annual Account Maintenance Fee of $35 billed at the end of each quarter. The amount billed will be prorated for the calendar quarter during which you open your ABLE Account. Each quarter after that you will be billed $8.75.","NA","$1.25","

Please See Plan Disclosure Documents

","0","None if electronically $10 per year if paper statements are chosen.","0","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 that have savings goals in order to maintain benefits, based on assets outside of the ABLE account, can be completed throughout the calendar year.

","

Maryland ABLE offers both online and paper enrollment. Account holders can also call and make an appointment to visit our offices for assistance to enroll during normal business hours.

",-nl-
"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/","400,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. ","If the account owner dies with funds in an ABLE account, those funds must be used (in this order), to pay any outstanding QDE bills including funeral expenses, to provide payback to Medicaid for all Medicaid benefits received, and then to be distributed to the account holders legal beneficiaries.","No","","

Bill H 3753

 

","

Please See Plan Disclosure Document

","No","No","","No","0","No","","No","","Yes","","Yes","0","$0","$0","$0","

Please See Plan Disclosure Document

","0","$0","$0","$0","","

Nationally, Fidelity Investments has centers where a customer can open an account in person. A person can open an account at an investment center, online and over the phone.

Here is the link to search for Fidelity investment centers nationally.

",-nl-
"Michigan","/state-review/michigan/","MiABLE (click to open an account)","https://www.miable.org/","Open for Enrollment","TSA Consulting Group, Inc.","500,000","Yes","15000","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","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.","Medicaid may claim any funds remaining after the beneficiary passes away","Yes","Yes $5,000 single filers ($10,000 joint) Michigan Individual Income Tax return.","

PA 160 of 2015

 

","

Account Disclosure Document and Agreement

","Yes","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","$0","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.

",-nl-
"Minnesota","/state-review/minnesota/","Minnesota ABLE Plan (click to open an account)","https://savewithable.com/mn/home.html","Open for Enrollment","Ascensus","425,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. 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.","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State's Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","No","","

Legislative Summary

","

Please see the Plan Disclosure Documents

","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. ","

Please See Plan Disclosure Documents

","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","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.

","",-nl-
"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","235,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. 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.","Upon the death of a beneficiary, funds remaining in an ABLE account can be used by the decedent’s estate to pay for outstanding Qualified Disability Expense, including funeral and burial costs. Funds remaining subsequent to these payments will be transferred to the decedent’s estate and may be subject to “clawback” under applicable Medicaid laws and regulations.","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.

","

Please see the Plan Disclosure Documents

","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. ","

Please See Plan Disclosure Documents

","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","$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.

","",-nl-
"Missouri","/state-review/missouri/","MO ABLE (click to open an account)","https://www.moable.com/","Open for Enrollment","Intuition ABLE Solutions, LLC","482,000","No","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. ","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","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

","

Please See Plan Disclosure Document

","Yes","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","There is no fee for rolling over an account, however, based on when the account is terminated, the account owner may be assessed a portion of the maintenance fee.","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.

","",-nl-
"Montana","/state-review/montana/","Montana ABLE (click to open an account)","https://savewithable.com/mt/home.html","Open for Enrollment","Ascensus","396,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. 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.","Please note that following the death of the account owner, the state Medicaid plan may file a claim against the Account Owner or the Account itself for medical assistance paid under the state's Medicaid plan after the establishment of the account.","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.

 

 

","

Please see the Plan Disclosure Documents

","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. ","

Please See Plan Disclosure Documents

","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","$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.

","",-nl-
"Nebraska","/state-review/nebraska/","Enable Savings Plan (click to open an account)","https://www.enablesavings.com/","Open for Enrollment","First National Bank of Omaha","400,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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 calendar 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. 5-6 business days after contribution and 10 business days for change of address or account holder","No current legislation on Medicaid Estate Recovery","Yes","Yes, $10,000 ($5000 if married, filing separately) of contributions are deductible for Nebraska individual income tax purposes. ","

Nebraska State Statute § 77-1401 implements the federal ABLE Act in Nebraska

","

Please See Plan Disclosure Document

","Yes","Yes","50","Yes","25","Yes","The current account Maintenance fee is $45 annually, payable at $11.25 per quarter.","No","","Yes","$0","Yes","0","The current account Maintenance fee is $45 annually, payable at $11.25 per quarter.","$6.00 for a box of 50 checks.","$0","

Please See Plan Disclosure Document

","0","$2.00 per month, unless set up for electronic statement or maintain an average monthly balance Checking Investment Option of $250. ","There is no charge to roll over a Nebraska 529 account to an Enable 529a account. If rollover of a Nebraska 529 account goes to another state, then there is a state income tax recapture to the extent previously deducted by the account owner.","$2 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250. ","

Enable Savings Plan are open to in-state and out-of-state residents. The Plan offers five investment options to best suit your needs; 3 mutual fund options Growth, Moderate, and Conservative; a Bank Savings option; and a Checking Investment option that comes with a free debit card. Nebraska residents that contribute to an Enable Savings Plan account are eligible for a Nebraska State tax deduction. Gifts may be made to an Enable Savings Plan account through a gift contribution coupon or by using the Ugift online gifting service.

","

Debit Card: There is no charge to use Fifth Third ATMS or partner ATMS.

",-nl-
"Nevada","/state-review/nevada/","ABLE Nevada (click to open an account)","https://savewithable.com/nv/home.html","Open for Enrollment","Ascensus","370,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. 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.","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","No","There is no state income tax for residents of Nevada. ","

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

","

Please see the Plan Disclosure Documents

","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. ","

Please See Plan Disclosure Documents

","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","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.

","",-nl-
"New Hampshire","/state-review/new-hampshire/","STABLE NH (click to open an account)","https://www.stablenh.com/","Open for Enrollment","Intuition ABLE Solutions, LLC","482,000","No","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. ","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","No","There is no state income tax for residents of New Hampshire. ","

New Hampshire RSA 195-K establishes the rules for STABLE NH

","

Please See Plan Disclosure Document

","Yes","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","There is no fee for rolling over an account, however, based on when the account is terminated, the account owner may be assessed a portion of the maintenance fee.","$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.

","",-nl-
"New Jersey","/state-review/new-jersey/","NJ ABLE (click to open an account)","https://savewithable.com/nj/home.html","Open for Enrollment","Ascensus","305,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. 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.","Upon the death of the designated beneficiary, all amounts remaining in the qualified account not in excess of the amount equal to the total medical assistance paid for the designated beneficiary after the establishment of the account, net of any premiums paid from the account or paid by or on behalf of the beneficiary to a Medicaid Buy-In program under any state Medicaid plan established under title XIX of the Social Security Act, shall be distributed to the state that made such payments upon filing of a claim for payment by such state.","No","","

A3959 Legislative Summary

 

","

Please see the Plan Disclosure Documents

","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","

Please See Plan Disclosure Documents

","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","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.

","",-nl-
"New Mexico","/state-review/new-mexico/","ABLE New Mexico (click to open an account)","https://ablenewmexico.com/","Open for Enrollment","Intuition ABLE Solutions, LLC","482,000","No","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. ","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","No","","

New Mexico HB61 established the rules for ABLE New Mexico

","

Please See Plan Disclosure Document

","Yes","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","There is no fee for rolling over an account, however, based on when the account is terminated, the account owner may be assessed a portion of the maintenance fee.","$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.

",-nl-
"New York","/state-review/new-york/","NY ABLE (click to open an account)","https://www.mynyable.org/","Open for Enrollment","Ascenus Broker Dealer Services, LLC. is the Program Manager and Investment Manager. NY ABLE offers Vanguard investments and portfolios, which include Sallie Mae. ","520,000","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 calendar 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, NA","4","Vanguard","Yes","No","Yes. There is a 5 business day hold on any new contributions and 6 days for contributions made to the Checking Option.","Under Section 529A of the Code, following the death of the Account Owner, any state may file a claim against the Account Owner or the Account itself for the amount of the total medical assistance paid to or for the Account Owner under the state’s Medicaid plan after the Account (or any ABLE account from which amounts were rolled over or transferred to the current Account) was opened. The amount paid in satisfaction of a Medicaid recapture claim is not a taxable withdrawal from the Account and is paid only after all outstanding amounts due for Qualified Disability Expenses of the Account Owner have been paid. In addition, the amount of the recapture is reduced by the amount of all premiums paid by or on behalf of the Account Owner to a Medicaid Buy-In program under that state’s Medicaid plan. A Medicaid Buy-In program is a program that offers Medicaid coverage to people with disabilities who are working, and earning more than the allowable limits for regular Medicaid.","No","","

SB 4472; S 6397

 

SB 4472; S 6397 Legislative Summary SB 4472 Legislative Summary S 6397

","

Please See Plan Disclosure Document 

","Yes","Yes","25","No","","Yes","Account maintenance fee is $55 annually or $45 annually if the individual chooses electronic statements. This fee will be taken out of the individual's account on a quarterly basis in the amount of $11.25 or $13.75.","No","","Yes","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.","Yes","0","Account maintenance fee is $55 annually or $45 annually if the individual chooses electronic statements. This fee will be taken out of the individual's account on a quarterly basis in the amount of $11.25 or $13.75.","Fifth Third charges $6 per check book. ","There is no fee charged to obtain the NY ABLE debit card. ","

Please See Plan Disclosure Document

","0","Account maintenance fee is $55 annually or $45 annually if the individual chooses electronic statements. This fee will be taken out of the individual's account on a quarterly basis in the amount of $11.25 or $13.75.","$0","$0","

NY ABLE is a standalone program open to enrollment to NY residents.

","

No ATM fee as long as individual is using an Allpoint Network ATM. Locations can be found at https://www.allpointnetwork.com/

Minimum deposit to open account is $25; $15 with direct payroll deposit.

",-nl-
"North Carolina","/state-review/north-carolina/","NC ABLE (click to open an account)","https://savewithable.com/nc/home.html","Open for Enrollment","Ascensus","450,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. 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.","To the extent provided in subsection 26 U.S.C. §529A(f) upon the death of the Account Owner, the Member State shall have a claim for payment from the Account Owner in an amount equal to the total medical assistance paid for the Account Owner after the establishment of the account. The Member State may file its claim for repayment from the account with the State Treasurer within 60 days of receiving notice from the State Treasurer of the death of the Account Owner. Any remaining funds in the Account Owner's Account shall be distributed as provided in the Plan Disclosure Documents or distributed to the Account Owner's estate if no other designation is made.","No","","

HB 556 Legislative Summary

","

Please see the Plan Disclosure Documents

","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","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. ","

Please See Plan Disclosure Documents

","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","$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.

","",-nl-
"North Dakota","/state-review/north-dakota/","ABLE Plan for North Dakota (click to open an account)","https://bnd.nd.gov/able/","Signed into law - see website for information on how to select an ABLE plan in another state.","Bank of North Dakota","","","15000","12140","","","","","","Yes. ","","No","","","","","","","","","","","","","","","","0","","","","","","","","","","",-nl-"Ohio","/state-review/ohio/","STABLE Account (click to open an account)","https://www.stableaccount.com/","Open for Enrollment","Intuition ABLE Solutions, LLC","482,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. ","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","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

","

Please See Plan Disclosure Documents

","Yes","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","

Please See Plan Disclosure Documents

","0","$10 annually (print/mail); $0 electronic","There is no fee for rolling over an account, however, based on when the account is terminated, the account owner may be assessed a portion of the maintenance fee.","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.

","",-nl-
"Oklahoma","/state-review/oklahoma/","Oklahoma STABLE (click to open an account)","https://okstable.org/","Open for Enrollment","Intuition ABLE Solutions, LLC","482,000","No","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. ","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","No","","

.Oklahoma HB 2821 establishes the rules for Oklahoma STABLE

","

Please See Plan Disclosure Document

","Yes","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","There is no fee for rolling over an account, however, based on when the account is terminated, the account owner may be assessed a portion of the maintenance fee.","$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.

",-nl-
"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.” ","400,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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","4","Vanguard and DFA","Yes","No","Yes. ","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","No","There is no tax credit or deduction for non-Oregonians.","

Oregon Senate Bill 777 implemented the federal ABLE Act in Oregon.

 

","

Please See Plan Disclosure Document

","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","

Please See Plan Disclosure Document

","0","$10 annually","$0","No","

From the very beginning, Oregon ABLE was designed to be a self-empowerment tool for people with disabilities. We always presume competence while making sure you have access to any supports you need. Our program was created with the support of people with disabilities and the organizations that serve 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.

",-nl-
"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/BNY Mellon","400,000","No","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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 calendar year, whichever amount is the less: up to $12,490 for Oregon residents.","BNY Mellon","4","Vanguard, DFA","Yes","No","Yes. 10-business-day hold if deposit is made by account owner or authorized legal representative. 20-business-day hold if deposit is made by anyone else.","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 funds could still be recovered by Medicaid.","Yes","Anyone paying Oregon income tax who contributes to an Oregon ABLE Savings Plan can receive up to a $300 tax credit. It is a progressive income tax credit, meaning it has more of an impact for low- to moderate-income savers. For more information, go to https://www.oregonablesavings.com/faqs/2020/1/23/what-is-the-oregon-income-tax-credit","

Oregon Senate Bill 777 implemented the Federal ABLE Act in Oregon

Oregon ABLE Tax Credit

","

Please See Plan Disclosure Document

","Yes","Yes","25","Yes","10","Yes","$35 a year","No","","Yes","$1.25 per month","Yes","50","$35","$2.50 per check","$1.25 per month","

Please See Plan Disclosure Document

","0","Access to online statements is free. Paper statements can be mailed for $10 per year.","$50","No fee for withdrawals","

From the very beginning, Oregon ABLE was designed to be a self-empowerment tool for people with disabilities. We always presume competence while making sure you have access to any supports you need. Our program was created with the support of people with disabilities and the organizations that serve them.

","

A free online gifting page makes it easy for friends and family to contribute.

Our ABLE for ALL Savings Plan accepts out-of-state residents.

",-nl-
"Pennsylvania","/state-review/pennsylvania/","PA ABLE Savings Program (click to open an account)","http://www.paable.gov/","Open for Enrollment","Ascensus","511,758","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. 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.","State law prohibits Medicaid Estate Recovery from an ABLE account, unless required by federal law.","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

","

Please see the Plan Disclosure Documents

","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. ","

Please See Plan Disclosure Documents

","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","$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.

","",-nl-
"Rhode Island","/state-review/rhode-island/","RI's ABLE (click to open an account)","https://savewithable.com/ri/home.html","Open for Enrollment","Ascensus","395,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. 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 by check, recurring contribution, or EFT will be 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 by 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.","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","No","","

HB 5564 Legislative Summary

SB 465 Legislative Summary

","

Please see the Plan Disclosure Documents

","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. ","

Please See Plan Disclosure Documents

","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","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.

","",-nl-
"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","482,000","No","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. ","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","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

","

Please See Plan Disclosure Document

","Yes","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","There is no fee for rolling over an account, however, based on when the account is terminated, the account owner may be assessed a portion of the maintenance fee.","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.

","",-nl-
"South Dakota","/state-review/south-dakota/","","","","","350,000","","15000","12140","","","","","","Yes. ","","No","There is no state income tax for residents of South Dakota. ","

HB 1224

","","","","","","","","","","","","","","0","","","","","","","","","","

HB 1224 was signed into law on 3/11/2016. The bill:

  1. Excludes contributions to an account in a qualified ABLE savings program, earnings on the contributions or distributions from the account for qualified disability expenses from consideration when determining eligibility for state benefit programs.
  2. Authorizes the Investment Council to provide information about ABLE savings programs to residents of South Dakota.
",-nl-
"Tennessee","/state-review/tennessee/","ABLE TN (click to open an account)","https://able.treasury.tn.gov/","Open for Enrollment","State of Tennessee Department of Treasury","350,000","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 or equal to the poverty line for a one-person household for the prior calendar 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 Horizon Bank","15","Vanguard; PrimeCap, DoubleLine; Western Asset Management","No","No","Yes. Each Contribution will be subject to a ten (10) calendar day hold before the monies are eligible for Withdrawal. Additionally, there will be a hold of eight (8) Business Days on Withdrawal requests when there is a change to the Account Owner’s address and a hold of ten (10) calendar days on Withdrawal requests following a change to the Account’s banking information.","Within thirty (30) days upon the death of an Account Owner, and after all outstanding payments due for Qualified Disability Expenses, all amounts remaining in an ABLE Account, up to an amount equal to the total medical assistance paid for the Account Owner after the establishment of an ABLE Account, net of any premiums paid by or on behalf of the Account Owner to a Medicaid Buy–In program under any state Medicaid plan, may be claimed by the applicable state and, if so claimed, must be distributed by the Program to the claiming state.","No","There is no state income tax for residents of Tennessee. ","

Achieving a better life experience (ABLE) act

","

Please See Plan Disclosure Document 

","Yes","Yes","25","No","","No","","No","","No","","Yes","0","$0","NA","$0","

Please See Plan Disclosure Document

","0","$0","$0","$0","

New Enrollment is only available to Tennessee residents.

","",-nl-
"Texas","/state-review/texas/","Texas ABLE Program (click to open an account)","https://www.texasable.org/","Open for Enrollment","NorthStar Financial Services Group, LLC","500,000","No","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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 calendar 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.","Bank of the West","4","Vanguard, PIMCO, Eaton Vance, and an omnibus Bank Savings Account held by Bank of the West ","No","No","Yes. 7 business days on checks if needed to fund the withdrawal; 5 business days on electronic contributions if needed to fund the withdrawal; also to protect the account owner, there is a 10 business day hold on withdrawals following a change of address for the beneficiary or the authorized legal representative and a 15 business day hold following a change in the authorized legal representative.","In the event the individual with the disability were to pass away, the state of Texas has the authority to ask for the funds paid by Medicaid during the time that the ABLE account was open- but only after outstanding qualified disability expenses (including funeral and burial) are paid first. ","No","Texas does not have a state income tax.","

Texas Education Code, Chapter 54, Subchapter J

","

Please See Plan Disclosure Document

","Yes","Yes","50","Yes","25","Yes","$48 per year payable at $4 per month","Yes","Two free ACH withdrawals per month, $1 for each additional withdrawal.","No","","Yes","0","$48 per year payable at $4 per month.","$5 per check processing fee.","To be determined.","

Please See Plan Disclosure Document

","0","No charge for electronic delivery of statements; $10 per year fee for paper delivery of program documents; tax documents are delivered at $0 cost for either option.","$0","Two free ACH withdrawals per month, $1 for each additional withdrawal.","

Texas ABLE offers online account management, a robust gifting feature and payroll deduction. There is no enrollment fee and the program has a low minimum contribution limit. Program is established and maintained by the Texas Prepaid Higher Education Tuition Board with assistance from the Texas Comptroller of Public Accounts. ABLE assets are pooled with 529 assets to maximize earnings potential. Aon Hewitt Investment Consulting serves as investment consultant to the Board in managing program assets.

","

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

Self-attestation enrollment process. To protect rights of the beneficiary, proof is required of legal authority for someone else to establish an account on behalf of a beneficiary. Texas ABLE account balances, earnings, and withdrawals disregarded for purposes of determining eligibility to receive certain benefits provided by the State of Texas.

",-nl-
"Utah","/state-review/utah/","","","Signed into law - program in development","","416,000","","15000","12140","","","","","No","Yes. ","","Yes","Section 13 allows a 5% tax credit on the total amount of contributions.","

S.B. 292

S.B. 292 Legislative Summary

","","","","","","","","","","","","","","0","","","","","","","","","","",-nl-
"Vermont","/state-review/vermont/","Vermont ABLE (click to open an account)","https://www.vermontable.com/","Open for Enrollment","Intuition ABLE Solutions, LLC","482,000","No","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. ","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","No","","

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

","

Please See Plan Disclosure Document

","Yes","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 Document

","0","$10 annually (print/mail); $0 electronic","There is no fee for rolling over an account, however, based on when the account is terminated, the account owner may be assessed a portion of the maintenance fee.","$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.

","",-nl-
"Virginia – ABLEAmerica","/state-review/virginia-2/","ABLEAmerica (click to open an account)","https://www.able-now.com/ableamerica","Open for Enrollment","Virginia529 selected American Funds Service Company, American Funds Distributors and Capital Research and Management Company to manage ABLEAmerica.","500,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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","7","American Funds","No","Yes","Yes. Please contact your financial advisor.","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the state’s Medicaid program on behalf of the account owner after the establishment of the ABLE account, upon filing of a claim for payment by such state against the account owner's estate. Virginia law prohibits the state from filing Medicaid recovery claims against the ABLEnow or ABLEAmerica accounts of Virginia residents, unless required by federal law.","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.

","

Please See Plan Disclosure Documents

","No","Yes","250","Yes","50","Yes","Accounts may incur an initial $10 set-up fee. However, these fees are waived until further notice. ","No","","No","","Yes","0","Accounts may incur an annual $10 account maintenance fee. However, these fees are waived until further notice. ","NA","NA","

Please See Plan Disclosure Documents

","0","Please contact your financial advisor.","$0","NA","

The first ABLE program available through financial advisors, ABLEAmerica is distributed by American Funds, a family of mutual funds from Capital Group, one of the world’s largest investment management firms. The advisor-sold ABLEAmerica plan is sponsored by Virginia529 and open to eligible individuals in all 50 states. For more information, contact a financial advisor.

","",-nl-
"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. ","500,000","Yes","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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.","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the state’s Medicaid program on behalf of the account owner after the establishment of the ABLE account, upon filing of a claim for payment by such state against the account owner's estate. Virginia law prohibits the state from filing Medicaid recovery claims against the ABLEnow or ABLEAmerica accounts of Virginia residents, unless required by federal law.","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.

","

Please See Plan Disclosure Documents

","Yes","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","

Please 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","$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.

","",-nl-
"Washington","/state-review/washington/","Washington State ABLE (click to open an account)","https://www.washingtonstateable.com/","Open for Enrollment","Sumday Administration, LLC","500,000","No","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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 calendar 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.","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. ","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the ABLE account, upon filing of a claim for payment by such state against the account owner's estate.","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.

","

Please see Plan Disclosure Document

","Yes","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.","No fee charged for incoming transfers. $50 fee charged for outgoing transfers.","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.

",-nl-
"West Virginia","/state-review/west-virginia/","WVABLE (click to open an account)","https://wvable.com/","Open for Enrollment","Intuition ABLE Solutions, LLC","482,000","No","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. ","Moneys in a STABLE Account are not subject to claims by the West Virginia Department of Health and Human Resources, except as required by federal law; and on the death of a Beneficiary, shall be transferred to the estate of the Beneficiary, unless prohibited by federal law.","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

","

Please See Plan Disclosure Document

","Yes","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 Document

","0","$10 annually (print/mail); $0 electronic","There is no fee for rolling over an account, however, based on when the account is terminated, the account owner may be assessed a portion of the maintenance fee.","$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.

","",-nl-
"Wisconsin","/state-review/wisconsin/","NA","","Signed into law - program in development","NA","330,000","No","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","$12,490","NA","","NA","","No",". ","","Yes","Wisconsin residents may apply for a state tax credit for any amount deposited into any other state's ABLE account.","

2015 Senate Bill 21 – 2015 WISCONSIN ACT 55

 

","","No","","","","","","","","","","","","0","","","","","","","","","

Wisconsin allows a state income tax deduction for contributions to ABLE accounts opened in other states.

","

ABLE was added to the Executive Budget Act of 2015 (SB 21) on 7/12/15.

IMPORTANT NOTE: AB 731 was introduced on 1/15/16.  This legislation repeals the Wisconsin ABLE Law but applies a state income tax deduction to ABLE accounts opened in other states. AB 731 passed Assembly on 2/16/16 and the Senate concurred on 3/16/16. It was signed into law on 3/30/16.

",-nl-
"Wyoming","/state-review/wyoming/","WYABLE (click to open an account)","https://wyable.com/","Open for Enrollment"," Intuition ABLE Solutions, LLC","482,000","No","$15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)","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. ","Upon the death of the account owner, the state Medicaid agency shall be a creditor for the total medical assistance paid under the State’s Medicaid program on behalf of the account owner after the establishment of the account, upon filing of a claim for payment by such state.","No","Wyoming does not have state specific ABLE legislation.","

NA

","

Please See Plan Disclosure Document

","Yes","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 Document

","0","$10 annually (print/mail); $0 electronic","There is no fee for rolling over an account, however, based on when the account is terminated, the account owner may be assessed a portion of the maintenance fee.","$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.

","",-nl-
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