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/ Alabama ABLE Savings Plan (click to open an account) Phone number: 1-833-711-2253 https://www.alabamaable.gov/ Open for Enrollment Sumday/Vestwell Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Alabama and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii. BNY Mellon 4 Vanguard and DFA No No Yes 5 day hold on account owner or Authorized Legal Representative contributions, 20 day hold on third party contributions. 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

 

 Alabama Senate Bill 226 implements the federal ABLE act in Alabama

Yes Yes 25 Yes 5 Yes $35 per year. No Yes Prepaid Debit Card $1.25 per month. Yes 0 $35 per year. $2.50 per check. Prepaid Debit Card $1.25 per month

Please See Plan Disclosure Document

0 No fee for electronic statements. $10 annually for mailed paper statements $0

From the very beginning, Alabama 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.

Where can I find the ABLE Plan’s investment performance information? Historical Investment Performance

Description of plan’s Recertification of ABLE Eligibility Policy: On the opening date anniversary each year, the account administrator is asked by our system to recertify the ABLE account:  We do not accept deposits or issue disbursements on the account until the recertification is complete.  We also offer a paper form to be completed for those without internet access or the inability to use the system.

 

From the very beginning, Alabama 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.

Where can investment performance be found? Historical Investment Performance

Description of plan’s Recertification of ABLE Eligibility Policy: The account owner or ALR is responsible for letting the plan know if they are no longer eligible for ABLE. We do not require an annual recertification process.

Do you have a policy for opening an account for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account? Yes. Where possible, we would like to help the person with the disability open and manage their own ABLE account. If they are not able to or would like someone else to manage the account we allow for people to serve as Authorized Legal Representatives. Please visit this page for more information: https://www.alabamaable.gov/alr-info

Does your plan allow for proper account titling for a representative payee? Our ABLE plan allows for representative payees to properly manage the account as Authorized Legal Representative.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? Our ABLE plan allows for the payment of funeral and burial expenses as a qualified disability expense (QED) prior to the remaining assets being transferred to the estate of the beneficiary.

Alaska /state-review/alaska/ Alaska ABLE Program (click to open an account) Phone 1.888.609.8871 https://savewithable.com/ak/home.html Open for Enrollment Ascensus Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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 Sumday Administration, LLC No $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Arizona. Bank of New York Mellon 4 Vanguard Yes No Yes 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. 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

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

 

Yes Yes 25 Yes 1 Yes The current account maintenance fee is $39 per year payable at $9.75 per quarter. No Yes $0 Yes 0 The current account maintenance fee is $39 per year payable at $9.75 per quarter. $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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

Arkansas /state-review/arkansas/ Arkansas ABLE (click to open an account) https://savewithable.com/ar/home.html Open for Enrollment Ascensus Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Arkansas and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 Bill Page

Arkansas Bill Language

Link to Amendment

Link to 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 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) Phone: 1.833.225.2253 https://www.calable.ca.gov/ Open for Enrollment TIAA-CREF Tuition Financing, Inc. Yes $16,000 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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of California and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii. TIAA-CREF 4 TIAA-CREF Yes No Yes Contributions made by check or ACH will not be available for 10 Business Days. California law prevents Medi-Cal from seeking reimbursement from the CalABLE accounts of California residents, unless otherwise required by federal law. No

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

Yes Yes 25 Yes 25 Yes $37 per year withdrawn in 12 monthly installments. Yes There are no restrictions on the number of withdrawals that can be taken. There is a $5 fee for withdrawals by check. Withdrawals by electronic transfer are free. Yes Yes 0 $37 per year withdrawn in 12 monthly installments. $5 per check fee $1.25 per month (additional fees may apply)

Please see Plan Disclosure Document

0 $10 per year for paper statements sent through U.S. Mail; fee waived for email delivery. There is no charge for withdrawals made by electronic transfer. Withdrawals made by check incur a $5 per check fee.

Description of plan’s Recertification of ABLE Eligibility Policy: If an account owner is no longer eligible for their CalABLE Account, they simply have to notify the Program of this change.

 

Does your plan allow for proper account titling for a representative payee?
Yes

• (Beneficiary’s name) by (your name), representative payee.
• (Your name), representative payee for (beneficiary’s name).

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze:  When CalABLE is notified of a Beneficiary’s death, CalABLE will request satisfactory proof of death and documentation from the executor or administrator of the Beneficiary’s estate. Upon receipt of such proof of death, CalABLE will suspend all Account activity, except that the executor or administrator of the Beneficiary’s estate will be permitted to take withdrawals from the Account. Please note that the balance of an Account after a Beneficiary’s death may be subject to claims by states under their Medicaid recapture guidelines. An executor or administrator of a Beneficiary’s estate should consult with qualified tax and legal advisors regarding the tax treatment of such withdrawals and the potential for Medicaid/Medi-Cal recapture by Medicaid/Medi-Cal or other states.

Colorado /state-review/colorado/ Colorado ABLE (click to open an account) https://www.coloradoable.org/ Open for Enrollment Ascensus Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Colorado and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 (click to open an account) Phone: 1 (888) 609-3268 http://CT.savewithABLE.com Open for Enrollment Ascensus College Savings Recordkeeping Services, LLC Yes $16,000 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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Connecticut and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) 1 (888) 609-8914 https://savewithable.com/de/home.html Open for Enrollment Ascensus Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Delaware and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) Phone: 1 (888) 609-3458 https://savewithable.com/dc/home.html Open for Enrollment Ascensus Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of the District of Columbia and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) Phone: 1-888-524-2253 https://www.ableunited.com/ Open for Enrollment Sumday Administration, LLC No $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Florida. Bank of New York (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. Federal law requires that each state recover Medicaid expenditures from a Medicaid recipient’s estate. Federal law also allows for a state to file a claim for Medicaid expenditures from an ABLE account. If the beneficiary received Medicaid in another state, please check the law of that state. 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

Investment option fee ranges from 0 to 29 bps (from $0 to $2.90 per $1,000 in the account)

0 $2.50 quarterly Prepaid debit card has a $2.50 monthly fee that is deducted from the prepaid card balance monthly.

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/.

Does your plan allow for different Levels of Control for who manages spending and investments from the ABLE account? Yes, the ABLE plan True Link Cards offer different levels of spending on qualified disability expenses for the ABLE account owner and authorized legal representative.

Where can I find the ABLE Plan’s investment performance information? Investment Performance

Description of plan’s Recertification of ABLE Eligibility Policy: The program considers an individual to be eligible until the authorized legal representative or beneficiary promptly notifies the program of any changes to the beneficiary’s condition that would result in the beneficiary failing to satisfy the definition of an eligible individual.

Do you have a policy for opening an account for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account? Yes, during the opening procedure, (online or paper application) this relationship is established via the answer to the hierarchy question included.

Does your plan allow for proper account titling for a representative payee?

The account lists the beneficiary and the name of the authorized legal representative (ALR) who is managing the account on behalf of the beneficiary, if there is one. For example, John Doe Jane Doe ALR

Georgia /state-review/georgia/ Georgia STABLE (click to open an account) https://www.georgiastable.com/ Open for Enrollment Sumday Administration, LLC No $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Georgia. Bank of New York Mellon 4 Vanguard Yes No Yes 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. 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 STABLE

Yes Yes 25 Yes 1 Yes The current account maintenance fee is $39 per year payable at $9.75 per quarter. No Yes $0 Yes 0 The current account maintenance fee is $39 per year payable at $9.75 per quarter. $0 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.

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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

Hawaii /state-review/hawaii/ Hawaii ABLE Savings Program (click to open an account) Phone number: 1-844-394-2253 http://www.hawaiiablesavings.com/ Open for Enrollment Sumday/Vestwell Yes 16000 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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii. BNY Mellon 4 Vanguard and DFA Yes No Yes 5 day hold on account owner or Authorized Legal Representative contributions, 20 day hold on third party contributions. 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

Hawai’i State Legislature enacted chapter 256B, Hawai’i Revised Statutes, to allow for the establishment of the Hawai’i ABLE Savings Program.

 

Yes Yes 25 Yes 10 Yes $35 per year. No Yes $1.25 per month. Yes 50 $35 per year. $2.50 per check $1.25 per month 0 No fee for electronic statements. $10 annually for mailed paper statements. $0

From the very beginning, Hawai’i 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.

Where can I find the ABLE Plan’s investment performance information? Historical Investment Performance

Description of plan’s Recertification of ABLE Eligibility Policy: The account owner or ALR is responsible for letting the plan know if they are no longer eligible for ABLE. We do not require an annual recertification process.

Do you have a policy for opening an account for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account? Yes. Where possible, we would like to help the person with the disability open and manage their own ABLE account. If they are not able to or would like someone else to manage the account we allow for people to serve as Authorized Legal Representatives. Please visit this page for more information: https://www.hawaiiablesavings.com/alr-info

Does your plan allow for proper account titling for a representative payee? Our ABLE plan allows for representative payees to properly manage the account as Authorized Legal Representative.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? Our ABLE plan allows for the payment of funeral and burial expenses as a qualified disability expense (QED) prior to the remaining assets being transferred to the estate of the beneficiary.

Idaho /state-review/idaho/ Not Active 16000 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 ABLE 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. This is up to $12,880 for residents of the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii. 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) Phone: 1 (888) 609-8683 https://savewithable.com/il/home.html Open for Enrollment Ascensus Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Illinois and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) Phone: 1 (888) 609-3457 https://savewithable.com/in/home.html Open for Enrollment Ascensus Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Indiana and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) Phone: 1 (888) 609-8910 https://www.iable.gov/ Open for Enrollment Ascensus Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Iowa and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) Phone: 1 (888) 609-8919 https://savewithable.com/ks/home.html Open for Enrollment Ascensus Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Kansas and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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 https://www.stablekentucky.com/ No $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Kentucky. Bank of New York Mellon 4 Vanguard Yes No Yes 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. 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 25 Yes 1 Yes The current account maintenance fee is $39 per year payable at $9.75 per quarter. No Yes $0 Yes 0 The current account maintenance fee is $39 per year payable at $9.75 per quarter. $0 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.

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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

Louisiana /state-review/louisiana/ Louisiana ABLE Account Program (click to open an account) Phone: 1-800-259-5626 Ext #2 https://www.able.osfa.la.gov/ Open for Enrollment Louisiana Office of Student Financial Assistance (LAOSFA) and Louisiana Tuition Trust Authority (LATTA) No $16,000 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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Louisiana. Chase Bank 7 Vanguard Inc: “ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” No No Yes 3 business day float on non-guaranteed funds. 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 Yes 10 No Yes Yes, the account may have two disbursements per month of at least $200 each. No Yes 0 $0 $0 $0

 

Investment Performance: https://www.able.osfa.la.gov/Common/Docs/ABLE_Investment_Performance_Report.pdf

0 $0 $0

LA does not charge administrative fees to the owners. They only incur the basis point fees from Vanguard.

Does your plan allow for different Levels of Control for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account?  No 

 

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.

Do you have a policy for opening an account for those who have term guardianship, personal guardianship or financial guardianship/conservator? Yes  During the opening procedure, (online or paper application) this relationship is established via the answer to the hierarchy question included.

Does your plan allow for proper account titling for a representative payee (see examples in the SSA webpage: Payee and ABLE accounts )? if the rep payee is an individual, they set the account up with themselves as the administrator and the disabled person as the account owner.  If the rep payee is an entity, the account is set up with the entity as the administrator with an agent to act on behalf of the entity and the disabled person as the account owner.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? Upon notification of the death of the account owner/disabled person, our staff requests a copy of the death certificate.  Once received, we inquire if there are outstanding medical or funeral final expenses.  If so, payment is made to cover those expenses.  If there are funds left above those final expenses, a check is requested payable to the estate of the account owner/disabled person.

Maine /state-review/maine/ ABLE ME https://www.bangor.com/maineable Open for Enrollment Maine State Treasurer No $16,000 currently (This limit is a Federal limit that applies to all 529(A) Programs and is subject to change. It 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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Maine. Bangor Savings Bank 0 Not Applicable, the only deposit instrument is a transactional checking account. Yes No Yes Ability to withdraw funds that have been deposited into a Maine ABLE Benefit CheckingSM Account are determined by the Funds Availability Disclosure section of the Important Information About Your Account Booklet. The State of Maine, or any agency or instrumentality of the State, may not seek payment under the federal Internal Revenue Code, 26 United States Code, Section 529A from an account, or its proceeds, that is established under a qualified ABLE program for MaineCare benefits provided to a designated beneficiary, unless otherwise required by 14 the United States Social Security Act, 42 United States Code, Section 1396p(b). No

LD 1881

and LD 1637

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

Please See Common Fee Schedule

0 $0 $0

Maine ABLE Benefit CheckingSM accounts are not guaranteed or insured by any state, any state agency or subdivision thereof, or their authorized agents or affiliates. Before opening an account, you should carefully read and understand the ABLE ME Informational Booklet. Maine ABLE Benefit CheckingSM is offered through a partnership with the State of Maine Office of the State Treasurer, owner of the ABLE ME Program.

Self-attestation enrollment process. Recently modified IRS regulations regarding how the distribution of ABLE earnings must be handled aligns with the operating processes and systems of investment houses, not banks. As a result the ABLE ME Program cannot include earnings, and instead focuses on benefits such as protection of principal, easy access, and service charge free checking. ABLE ME focuses on a specific advantage of the ABLE act: being able to accumulate resources beyond means-tested benefit limits without jeopardizing eligibility for necessary public benefits. Unlike other Programs, ABLE ME:

  • Does not offer market-driven investment options
  • Is non-interest bearing

Can only accept rollovers without earnings from another State’s 529A Qualified ABLE Program or 529 Qualified Tuition Program

Maryland /state-review/maryland/ Maryland ABLE (click to open an account) Phone: 1. 855.563.2253 https://www.marylandable.org/ Open for Enrollment to residents of any U.S. state. Vestwell Yes $16,000 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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Maryland and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 to withdrawal. The provisions of Maryland HB 782/SB 550 section 18–19C–10.This section reads as follows:18–19C–10. 22:(a) Unless prohibited by federal law, on the death of a designated beneficiary, money and assets in an able account may be transferred to: (1) The estate of the designated beneficiary; or (2) An able account for another eligible individual specified by the designated beneficiary or the estate of the designated beneficiary. (b) Unless required by federal law, an agency or instrumentality of the state may not seek payment under § 529a(f) of the internal revenue code from an able account or its proceeds for any amount of medical assistance paid for the designated beneficiary. Section 2. And be it further enacted, that this act shall take effect June 1, 2018. Yes

The Maryland ABLE Act (2016 Maryland Laws Ch. 39 (H.B. 431) was signed into law by Governor Hogan on April 12, 2016, enabling Maryland to begin building an ABLE program. The Maryland ABLE program is implemented by an independent state agency, Maryland 529.

Yes Yes 25 Yes 10 Yes An annual Account Maintenance Fee of $35 is broken into quarterly installments and deducted from the account 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 0 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. $2.50 per check $1.25 a month

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.

Does your plan allow for different Levels of Control for who manages spending and investments from the ABLE account? Yes, the ABLE plan True Link Cards offer different levels of spending on qualified disability expenses for the ABLE account owner and authorized legal representative.

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 $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Massachusetts and the continental U.S.; $16,090 for residents of Alaska and $14,820 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) Phone: (844) 656-7225 https://www.miable.org/ Open for Enrollment TSA Consulting Group, Inc. Yes 16,000 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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Michigan and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii. NA 5 FPS Trust Yes No 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. Checkbooks containing 40 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. 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) Phone: 1 (888) 609-8872 https://savewithable.com/mn/home.html Open for Enrollment Ascensus Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Minnesota and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) Phone: 1 (888) 609-3469 https://savewithable.com/ms/home.html Open for Enrollment Mississippi Department of Rehabilitation Services Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Mississippi and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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 Sumday Administration, LLC No $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Missouri. Bank of New York Mellon 4 Vanguard Group Yes No Yes 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. 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 25 Yes 1 Yes The current account maintenance fee is $39 per year payable at $9.75 per quarter. No Yes $0 Yes 0 The current account maintenance fee is $39 per year payable at $9.75 per quarter. $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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

Montana /state-review/montana/ Montana ABLE (click to open an account) Phone: 1 (888) 609-3461 https://savewithable.com/mt/home.html Open for Enrollment Ascensus Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Montana and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) Phone: 1.844.362.2534 https://www.enablesavings.com/ Open for Enrollment Nebraska State Treasurer Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Nebraska and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii. Fifth Third Bank 5 Vanguard No No Yes 5-6 business days after contribution and 10 business days for change of address or account holder Upon the death of a designated beneficiary who is a resident of the State of Nebraska, and after the Department of Health and Human Services has received approval from the Centers for Medicare and Medicaid Services of the United States Department of Health and Human Services, the State of Nebraska will not file a claim for payment or seek recovery of any amount remaining in the designated beneficiary’s account for any amount of medical assistance received by the designated beneficiary or his or her spouse or dependent under the medical assistance program pursuant to the Medical Assistance Act after the establishment of the account. Yes

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

 

Medicaid Recapture Policy

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 elligible 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.

The Nebraska ENABLE plan allows for proper account titling for a representative payee; beneficiaries name by representative payee’s name.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? This would be considered a qualified withdrawal.

Nevada /state-review/nevada/ ABLE Nevada (click to open an account) Phone: 1 (888) 627-7503 https://savewithable.com/nv/home.html Open for Enrollment Ascensus Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Nevada and the continental U.S.; $16,090 for residents of Alaska and $14,820 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

Methods and incentives to encourage contributions to a savings trust 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 40 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 Sumday Administration, LLC No $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of New Hampshire. Bank of New York Mellon 4 Vanguard Yes No Yes 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. 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 25 Yes 1 Yes The current account maintenance fee is $39 per year payable at $9.75 per quarter. No Yes $0 Yes 0 The current account maintenance fee is $39 per year payable at $9.75 per quarter. $0 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.

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, personalized gifting page, and a no cost loadable debit card with customizable spending.

New Jersey /state-review/new-jersey/ NJ ABLE (click to open an account) Phone: 1 (888) 609-8869 https://savewithable.com/nj/home.html Open for Enrollment Ascensus Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of New Jersey and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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 Sumday Administration, LLC No $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of New Mexico. Bank of New York Mellon 4 Vanguard Yes No Yes 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. 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 25 Yes 1 Yes https://www.stableaccount.com/files/STABLEpds.pdf No Yes $0 Yes 0 The current account maintenance fee is $39 per year payable at $9.75 per quarter. $0 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.

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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

New Mexico HB61 established the rules for ABLE New Mexico.

New York /state-review/new-york/ NY ABLE (click to open an account) Phone: 855.569.2253 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 $16,000 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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of New York. Fifth Third Bank, NA 5 Vanguard Yes No Yes Withdrawals of new contributions will not be available for withdrawal for five business days. 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. 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. No

SB 4472; S 6397

 

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

Yes Yes 25 Yes 25 Yes If you elect electronic delivery notification for statements and confirmations, your Quarterly Account Maintenance Fee will be $11.25. If you elect paper delivery for statements and confirmations, your Quarterly Account Maintenance Fee will be $13.75. No Yes $2 Checking Option Fee- Waived if enrolled in E-delivery or have a balance greater than $250 in the checking option. 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

Each investment option in NY ABLE (other than the checking option) is assessed a .40% asset based fee over the course of the year.

0 ach investment option in NY ABLE (other than the checking option) is assessed a .40% asset based fee over the course of the year. No- other than fees subject to use of the debit card if in network vs out of network; ATM fee: $2.00 for each transaction outside of network.

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

Description of plan’s Recertification of ABLE Eligibility Policy: It is the responsibility of the Account Owner to notify NY ABLE in writing if they cease to be an Eligible Individual. We will provide annual reminder notices to the Account Owner, their parent or legal guardian, or their Authorized Individual of the responsibility to notify NY ABLE if the Account Owner ceases to be an Eligible Individual.

Do you have a policy for opening an account for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account? Qualified individuals who can manager their own finances may open an account.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? The NY ABLE program will process all qualified disability expenses.

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) Phone: (888) 609-8916 https://savewithable.com/nc/home.html Open for Enrollment Ascensus Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of North Carolina and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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 16000 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 ABLE 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. This is up to $12,880 for residents of North Dakota and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii. Yes No 0
Ohio /state-review/ohio/ STABLE Account (click to open an account) https://www.stableaccount.com/ Open for Enrollment Sumday Administration, LLC Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Ohio and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii. Bank of New York Mellon 4 Vanguard Yes No Yes 1. Contributions received from a Beneficiary or ALR will be subject to a five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account 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 25 Yes 1 Yes The current account maintenance fee is $27 per year payable at $6.75 per quarter for Ohio Account Owners and $39 per year payable at $9.75 per quarter for non-Ohio account owners. No Yes $0 Yes 0 The current account maintenance fee is $27 per year payable at $6.75 per quarter for Ohio Account Owners and $39 per year payable at $9.75 per quarter for non-Ohio account owners. 0 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.

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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

Oklahoma /state-review/oklahoma/ Oklahoma STABLE (click to open an account) https://okstable.org/ Open for Enrollment Sumday Administration, LLC No $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Oklahoma. Bank of New York Mellon 4 Vanguard Yes No Yes   1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. 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

Oklahoma HB 2821 establishes the rules for Oklahoma STABLE

 

 

Yes Yes 25 Yes 1 Yes The current account maintenance fee is $39 per year payable at $9.75 per quarter. No Yes $0 Yes 0 The current account maintenance fee is $39 per year payable at $9.75 per quarter. $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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

 

 

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) Phone number: 1-844-394-2253 https://ableforall.com/about Open for Enrollment Sumday Administration, LLC Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii. The Bank of New York Mellon 4 Vanguard and DFA Yes No Yes 5 day hold on account owner or Authorized Legal Representative contributions, 20 day hold on third party contributions 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. Medicaid recovery can only take place after funds are transfered to the account owner's estate. 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 No fee for electronic statements. $10 annually for mailed paper statements. No

From the very beginning, ABLE for ALL 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.

Where can I find the ABLE Plan’s investment performance information? Investment Performance

Description of plan’s Recertification of ABLE Eligibility Policy: The account owner or ALR is responsible for letting the plan know if they are no longer eligible for ABLE. We do not require an annual recertification process.

 

Do you have a policy for opening an account for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account? Yes, where possible, we would like to help the person with the disability open and manage their own ABLE account. If they are not able to or would like someone else to manage the account we allow for people to serve as Authorized Legal Representatives. Please see: https://ableforall.com/alr-info

Does your plan allow for proper account titling for a representative payee? Our ABLE plan allows for representative payees to properly manage the account as Authorized Legal Representative.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? Our ABLE plan allows for the payment of funeral and burial expenses as a qualified disability expense (QED) prior to the remaining assets being transferred to the estate of the beneficiary.

Oregon – ABLE Savings Plan /state-review/oregon/ Oregon ABLE Savings Plan (click to open an account) Phone number: 1-844-999-2253 https://www.sumday.com/register/oregon-able Open for Enrollment Sumday/Vestwell No $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Oregon. The Bank of New York Mellon 4 Vanguard, DFA Yes No Yes 1. Contributions received from a Beneficiary or ALR will be subject to a five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account 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. Medicaid recovery can only take place after funds are transfered to the account owner's estate. 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 a year. $2.50 per disbursement $1.25 per month

Please See Plan Disclosure Document

0 No fee for electronic statements. $10 annually for mailed paper statements. 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.

Where can I find the ABLE Plan’s investment performance information? Historical Investment Performance

Description of plan’s Recertification of ABLE Eligibility Policy: The account owner or ALR is responsible for letting the plan know if they are no longer eligible for ABLE. We do not require an annual recertification process.

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.

Do you have a policy for opening an account for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account? Yes, where possible, we would like to help the person with the disability open and manage their own ABLE account. If they are not able to or would like someone else to manage the account we allow for people to serve as Authorized Legal Representatives. Please see: https://www.oregonablesavings.com/alr-info

Does your plan allow for proper account titling for a representative payee? Our ABLE plan allows for representative payees to properly manage the account as Authorized Legal Representative.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? Our ABLE plan allows for the payment of funeral and burial expenses as a qualified disability expense (QED) prior to the remaining assets being transferred to the estate of the beneficiary.

Pennsylvania /state-review/pennsylvania/ PA ABLE Savings Program (click to open an account) Phone: 1 (855) 529-2253 http://www.paable.gov/ Open for Enrollment Ascensus Yes $16,000 (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 ABLE 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. This is up to $12,880 for residents of Pennsylvania and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) Phone: 1 (888) 609-8915 https://savewithable.com/ri/home.html Open for Enrollment Ascensus Yes $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Rhode Island and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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 (South Carolina) (click to open an account) https://www.palmettoable.com/ Open for Enrollment Sumday Administration, LLC No $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of South Carolina and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii. Bank of New York Mellon 4 Vanguard Yes No Yes   1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. 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 25 Yes 1 Yes The current account maintenance fee is $39 per year payable at $9.75 per quarter. No Yes $0 Yes 0 The current account maintenance fee is $39 per year payable at $9.75 per quarter. 0 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.

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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

South Dakota /state-review/south-dakota/ https://sdic.sd.gov/other/ABLE.aspx NA 16000 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 ABLE 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. This is up to $12,880 for residents of South Dakota and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii. 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) Phone: 855.922.5386 https://able.treasury.tn.gov/ Open for Enrollment State of Tennessee Department of Treasury No $16,000 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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Tennessee and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii. NA 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

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

Please See Plan Performance Data

0 $0 $0

New Enrollment is only available to Tennessee residents.

Does your plan allow for different Levels of Control for who manages spending and investments from the ABLE account? No

Description of plan’s Recertification of ABLE Eligibility Policy: Each year, the Account Owner is notified that they must inform ABLE TN if they are no longer eligible. If they do not notify the program that they are ineligible, they are deemed to have re-certified.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? Please See Disclosure Document

Texas /state-review/texas/ Texas ABLE Program (click to open an account) Phone number: 844-489-2253 https://www.texasable.org/ Open for Enrollment Orion Advisor Solutions, Inc. No $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment earnings or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Texas. Bank of the West 5 Vanguard, PIMCO and Eaton Vance Yes No Yes The Program reserves the right not to allow withdrawals of funds for up to: 7 business days following contributions by check if that contribution is needed to fund the withdrawal; 5 business days following contributions by electronic funds transfer if that contribution is needed to fund the withdrawal; 10 business days following a change of address; 15 business days following a change of Authorized Legal Representative Upon the death of the beneficiary, a state may be required to file a claim for the amount of the total medical assistance paid for the beneficiary under the state’s Medicaid plan after the establishment of a program account (or any ABLE account from which amounts were rolled or transferred to the program account). The amount of the claim is to be paid only after the payment of all outstanding payments due for the qualified disability expenses of the beneficiary, including any funeral and burial expenses, and is to be reduced by the amount of all premiums paid by or on behalf of the beneficiary to a Medicaid Buy-In program under that state’s Medicaid plan. No

Texas Education Code, Chapter 54, Subchapter J

Yes Yes 50 Yes 25 Yes $42 per year payable at $3.50 per month. Yes $5 charge for each withdrawal by check; $1 charge for each withdrawal by ACH in excess of 2 per month. Yes Loading funds onto the debit card is treated as an ACH withdrawal; each withdrawal in excess of 2 per month is subject to a $1 ACH processing fee. There are no monthly or purchase fees. After 90 days with no transactions, there is a $2 per month inactivity fee. See our website for other fees that might apply. Yes 0 $42 per year payable at $3.50 per month. $5 charge per withdrawal by check. The Program will charge $1.00 for each withdrawal by ACH in excess of two per month from your Texas ABLE account. Making a withdrawal to the Focus Card is considered an ACH withdrawal.

Please See Program Disclosure Document

0 There is no fee for electronic delivery of documents; there is a $10 annual fee for printed documents. $5 charge for each withdrawal by check; $1 charge for each withdrawal by ACH in excess of 2 per month.

Texas ABLE Program grassroots staff are available for outreach opportunities including virtual or in-person presentations and webinars. Please call 512-475-5331 or email us at TexasABLE@cpa.texas.gov.

Where can I find the ABLE Plan’s investment performance information? https://www.texasable.org/investments/#investment-performance

Description of plan’s Recertification of ABLE Eligibility Policy: The designated beneficiary, or the Authorized Legal Representative if one is named, is responsible for notifying the Program if the designated beneficiary is no longer an eligible individual. The designated beneficiary, or the Authorized Legal Representative, if one is named, is also responsible for notifying the Program if the beneficiary subsequently re-qualifies as an eligible individual. Notification may be provided online at TexasABLE.org.

Do you have a policy for opening an account for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account?  If the beneficiary is a minor, or has a legal guardian or other fiduciary appointed to manage the beneficiary’s financial affairs, the parent, legal guardian, or other fiduciary may serve as the Authorized Legal Representative and enter into the Savings Trust Agreement with the Program.

Does your plan allow for proper account titling for a representative payee? Currently the system allows for a parent, legal guardian or other fiduciary (for example, a trustee or an agent acting under a power of attorney for the designated beneficiary). System functionality will allow a spouse, sibling, grandparent or
representative payee to open an account as an Authorized Legal Representative.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? Funeral and burial expenses can be paid prior to account freeze.

Utah /state-review/utah/ ABLE Utah Savings Plan https://ableut.com/ Open for Enrollment Sumday Administration, LLC No $16,000 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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Utah. Bank of New York Mellon 4 Vanguard Yes No Yes 1. Contributions received from a Beneficiary or ALR will be subject to a five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account 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

 

SB292 is the legislation that establishes the Achieving a Better Life Experience Program, ABLE Utah Savings Plan

Yes Yes 25 Yes 1 Yes The current account maintenance fee is $39 per year payable at $9.75 per quarter. 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 $39 per year payable at $9.75 per quarter. $0 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.

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, Utah 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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

Vermont /state-review/vermont/ Vermont ABLE (click to open an account) https://www.vermontable.com/ Open for Enrollment Sumday Administration, LLC No $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Vermont. Bank of New York Mellon 4 Vanguard Yes No Yes 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. 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 25 Yes 1 Yes The current account maintenance fee is $39 per year payable at $9.75 per quarter. No Yes $0 Yes 0 The current account maintenance fee is $42 per year payable at $3.50 per month. $0 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.

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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

Virginia – ABLEAmerica /state-review/virginia-2/ ABLEAmerica (click to open an account) Please contact your financial professional. 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 $16,000 (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 employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less: up to $12,880 for residents of the 48 contiguous states; $16,090 for Alaska; or $14,820 for residents of Hawaii. ABLEAmerica is distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries. 7 American Funds No Yes Yes Please contact your financial advisor. Unless required by federal law, the Virginia Department of Medical Assistance Services may not pursue Medicaid recovery claims against the ABLEnow or ABLEAmerica accounts of Virginia residents. For customers who received Medicaid benefits outside Virginia during the time they had an ABLEnow or ABLEAmerica account open, that state’s Medicaid program can file a claim for some amount of repayment upon death. Before that happens, funds from the beneficiary’s ABLE account may be used by their estate to repay any outstanding qualified disability expenses, including funeral and burial costs. 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 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. NA

The first ABLE program available through financial professionals, 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 professional.

https://www.capitalgroup.com/individual/what-we-offer/able.htmlPlease see Disclosure Documents for additional information.

Virginia – ABLEnow /state-review/virginia/ ABLEnow (click to open an account) Phone: 844-669-2253 https://www.able-now.com/ Open for Enrollment Virginia529 Yes $16,000 (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 employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less: up to $12,880 for residents of the 48 contiguous states; $16,090 for Alaska; or $14,820 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. Unless required by federal law, the Virginia Department of Medical Assistance Services may not pursue Medicaid recovery claims against the ABLEnow or ABLEAmerica accounts of Virginia residents. 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 $0 / There is no additional cost for the ABLEnow 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 Investment 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 customers with ABLEnow deposit account balances of $10,000 or more, and free resources such as the ABLEnow mobile app, mobile wallet-compatible ABLEnow Card, online gifting center and in-house ABLE experts available by phone and email.

Does your plan allow for different Levels of Control for who manages spending and investments from the ABLE account? Yes, ABLE account owners have the option to issue one additional ABLEnow Card to an Authorized Signer of their choice.

 

Washington /state-review/washington/ Washington State ABLE (click to open an account) Phone number: 1-844-600-2253 https://www.washingtonstateable.com/ Open for Enrollment Sumday Administration, LLC No $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Washington. Bank of New York Mellon 3 Vanguard, Dimension 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 Yes, against the estate not the plan. No

Washington House Bill 2323 from 2016 session

Senate Bill 6221 from 2018 session

Yes Yes 25 Yes 10 Yes $35 per year. No Yes $1.25 per month Yes 0 $35 NA $1.25 per month

 

See plan disclosure for historical rate of returns.

0 Free if using electronic notification and $2.50 mailing fee assessed to each quarterly statement that is mailed. $0

E-gifting option to set up and run gifting campaigns for the beneficiary.

Does your plan allow for different Levels of Control for who manages spending and investments from the ABLE account? No.

Where can I find the ABLE Plan’s investment performance information? See plan disclosure for historical rate of returns.

 

There are no state income taxes for residents of Washington.

Prepaid card cannot be used in ATM.

Do you have a policy for opening an account for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account?  Yes, during the opening procedure, (online or paper application) this relationship is established via the answer to the hierarchy question included.

Does your plan allow for proper account titling for a representative payee? If the rep payee is an individual, they set the account up with themselves as the administrator and the disabled person as the account owner.  If the rep payee is an entity, the account is set up with the entity as the administrator with an agent to act on behalf of the entity and the disabled person as the account owner.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? Upon notification of the death of the ABLE account owner, the ABLE funds are sent to the estate and the estate can pay for funeral and burial expenses from the ABLE funds.

West Virginia /state-review/west-virginia/ WVABLE (click to open an account) https://wvable.com/ Open for Enrollment Sumday Administration, LLC No $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of West Virginia. Bank of New York Mellon 4 Vanguard Yes No Yes 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. 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 25 Yes 1 Yes The current account maintenance fee is $39 per year payable at $9.75 per quarter. No Yes $0 Yes 0 The current account maintenance fee is $39 per year payable at $9.75 per quarter. $0 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.

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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

Wisconsin /state-review/wisconsin/ NA https://www.revenue.wi.gov/Pages/FAQS/ise-ABLEAccounts.aspx Signed into law - program in development NA No $16,000 (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 ABLE 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. This is up to $12,880 for residents of Wisconsin and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii. 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 Sumday Administration, LLC No $16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Wyoming. Bank of New York Mellon 4 Vanguard Yes No Yes 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. 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.

Yes Yes 25 Yes 1 Yes https://www.stableaccount.com/files/STABLEpds.pdf No Yes $0 Yes 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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping. $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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

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/","Alabama ABLE Savings Plan (click to open an account) Phone number: 1-833-711-2253","https://www.alabamaable.gov/","Open for Enrollment","Sumday/Vestwell","475,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Alabama and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii.","BNY Mellon","4","Vanguard and DFA","No","No","Yes. 5 day hold on account owner or Authorized Legal Representative contributions, 20 day hold on third party contributions.","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","$5,000 for single filers and $10,000 for joint filers. ","

 

 Alabama Senate Bill 226 implements the federal ABLE act in Alabama

","

Please See Plan Disclosure Document

","Yes","Yes","25","Yes","5","Yes","$35 per year.","No","","Yes","Prepaid Debit Card $1.25 per month.","Yes","0","$35 per year.","$2.50 per check.","Prepaid Debit Card $1.25 per month","

Please See Plan Disclosure Document

","0","No fee for electronic statements. $10 annually for mailed paper statements","$0","$0","

From the very beginning, Alabama 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.

Where can I find the ABLE Plan’s investment performance information? Historical Investment Performance

Description of plan’s Recertification of ABLE Eligibility Policy: On the opening date anniversary each year, the account administrator is asked by our system to recertify the ABLE account:  We do not accept deposits or issue disbursements on the account until the recertification is complete.  We also offer a paper form to be completed for those without internet access or the inability to use the system.

 

","

From the very beginning, Alabama 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.

Where can investment performance be found? Historical Investment Performance

Description of plan’s Recertification of ABLE Eligibility Policy: The account owner or ALR is responsible for letting the plan know if they are no longer eligible for ABLE. We do not require an annual recertification process.

Do you have a policy for opening an account for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account? Yes. Where possible, we would like to help the person with the disability open and manage their own ABLE account. If they are not able to or would like someone else to manage the account we allow for people to serve as Authorized Legal Representatives. Please visit this page for more information: https://www.alabamaable.gov/alr-info

Does your plan allow for proper account titling for a representative payee? Our ABLE plan allows for representative payees to properly manage the account as Authorized Legal Representative.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? Our ABLE plan allows for the payment of funeral and burial expenses as a qualified disability expense (QED) prior to the remaining assets being transferred to the estate of the beneficiary.

",-nl-
"Alaska","/state-review/alaska/","Alaska ABLE Program (click to open an account) Phone 1.888.609.8871","https://savewithable.com/ak/home.html","Open for Enrollment","Ascensus","400,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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","Sumday Administration, LLC","501,000","No","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Arizona.","Bank of New York Mellon","4","Vanguard ","Yes","No","Yes. 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. ","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","Arizona residents and taxpayers may deduct the amount of their contributions to an ABLE Account from their Arizona adjusted gross income to the extent the contributions were not deducted in computing Federal adjusted gross income. Annual contributions made to the AZ ABLE program up to and including two thousand dollars ($2,000) per participating taxpayer, and up to four thousand dollars ($4,000) for married individuals filing a joint tax return, shall be subtracted in determining Arizona adjusted gross income.","

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

 

","

Please See Plan Disclosure Document

","Yes","Yes","25","Yes","1","Yes","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","No","","Yes","$0","Yes","0","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","$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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

","",-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","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Arkansas and the continental U.S.; $16,090 for residents of Alaska and $14,820 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. If the aggregate amount of contributions by a taxpayer during a tax year exceeds $5,000 per taxpayer, $10,000 if filing jointly the amount of contributions in excess may be carried forward for purposes of deduction for four (4) consecutive tax years following the tax year in which the contribution was made. Note that the federal limit of $15,000 in contributions still applies. Consult with a Tax Preparer to discuss your tax matters. ","

Arkansas Bill Page

Arkansas Bill Language

Link to Amendment

Link to 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","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) Phone: 1.833.225.2253","https://www.calable.ca.gov/","Open for Enrollment","TIAA-CREF Tuition Financing, Inc.","529,000","Yes","$16,000","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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of California and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii.","TIAA-CREF","4","TIAA-CREF","Yes","No","Yes. Contributions made by check or ACH will not be available for 10 Business Days.","California law prevents Medi-Cal from seeking reimbursement from the CalABLE accounts of California residents, unless otherwise required by federal law.","No","","

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

","

Please See Plan Disclosure Document

","Yes","Yes","25","Yes","25","Yes","$37 per year withdrawn in 12 monthly installments.","Yes","There are no restrictions on the number of withdrawals that can be taken. There is a $5 fee for withdrawals by check. Withdrawals by electronic transfer are free.","Yes","","Yes","0","$37 per year withdrawn in 12 monthly installments.","$5 per check fee","$1.25 per month (additional fees may apply)","

Please see Plan Disclosure Document

","0","$10 per year for paper statements sent through U.S. Mail; fee waived for email delivery.","$0","There is no charge for withdrawals made by electronic transfer. Withdrawals made by check incur a $5 per check fee.","

Description of plan’s Recertification of ABLE Eligibility Policy: If an account owner is no longer eligible for their CalABLE Account, they simply have to notify the Program of this change.

 

","

Does your plan allow for proper account titling for a representative payee?
Yes

• (Beneficiary’s name) by (your name), representative payee.
• (Your name), representative payee for (beneficiary’s name).

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze:  When CalABLE is notified of a Beneficiary’s death, CalABLE will request satisfactory proof of death and documentation from the executor or administrator of the Beneficiary’s estate. Upon receipt of such proof of death, CalABLE will suspend all Account activity, except that the executor or administrator of the Beneficiary’s estate will be permitted to take withdrawals from the Account. Please note that the balance of an Account after a Beneficiary’s death may be subject to claims by states under their Medicaid recapture guidelines. An executor or administrator of a Beneficiary’s estate should consult with qualified tax and legal advisors regarding the tax treatment of such withdrawals and the potential for Medicaid/Medi-Cal recapture by Medicaid/Medi-Cal or other states.

",-nl-
"Colorado","/state-review/colorado/","Colorado ABLE (click to open an account)","https://www.coloradoable.org/","Open for Enrollment","Ascensus ","400,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Colorado and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 (click to open an account) Phone: 1 (888) 609-3268","http://CT.savewithABLE.com","Open for Enrollment","Ascensus College Savings Recordkeeping Services, LLC","300,000","Yes","$16,000","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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Connecticut and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) 1 (888) 609-8914","https://savewithable.com/de/home.html","Open for Enrollment","Ascensus","350,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Delaware and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) Phone: 1 (888) 609-3458","https://savewithable.com/dc/home.html","Open for Enrollment","Ascensus","500,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of the District of Columbia and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) Phone: 1-888-524-2253","https://www.ableunited.com/","Open for Enrollment","Sumday Administration, LLC","418,000","No","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Florida.","Bank of New York (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. Federal law requires that each state recover Medicaid expenditures from a Medicaid recipient’s estate. Federal law also allows for a state to file a claim for Medicaid expenditures from an ABLE account. If the beneficiary received Medicaid in another state, please check the law of that state.","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

Investment option fee ranges from 0 to 29 bps (from $0 to $2.90 per $1,000 in the account)

","0","$2.50 quarterly","$0","Prepaid debit card has a $2.50 monthly fee that is deducted from the prepaid card balance monthly. ","

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/.

Does your plan allow for different Levels of Control for who manages spending and investments from the ABLE account? Yes, the ABLE plan True Link Cards offer different levels of spending on qualified disability expenses for the ABLE account owner and authorized legal representative.

Where can I find the ABLE Plan’s investment performance information? Investment Performance

Description of plan’s Recertification of ABLE Eligibility Policy: The program considers an individual to be eligible until the authorized legal representative or beneficiary promptly notifies the program of any changes to the beneficiary’s condition that would result in the beneficiary failing to satisfy the definition of an eligible individual.

","

Do you have a policy for opening an account for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account? Yes, during the opening procedure, (online or paper application) this relationship is established via the answer to the hierarchy question included.

Does your plan allow for proper account titling for a representative payee?

The account lists the beneficiary and the name of the authorized legal representative (ALR) who is managing the account on behalf of the beneficiary, if there is one. For example, John Doe Jane Doe ALR

",-nl-
"Georgia","/state-review/georgia/","Georgia STABLE (click to open an account)","https://www.georgiastable.com/","Open for Enrollment","Sumday Administration, LLC","501,000","No","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Georgia.","Bank of New York Mellon","4","Vanguard","Yes","No","Yes. 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. ","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 STABLE

","

Please See Account Disclosure Document

","Yes","Yes","25","Yes","1","Yes","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","No","","Yes","$0","Yes","0","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","$0","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.","

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, 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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

","",-nl-
"Hawaii","/state-review/hawaii/","Hawaii ABLE Savings Program (click to open an account) Phone number: 1-844-394-2253","http://www.hawaiiablesavings.com/","Open for Enrollment","Sumday/Vestwell","400,000","Yes","16000","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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii.","BNY Mellon","4","Vanguard and DFA","Yes","No","Yes. 5 day hold on account owner or Authorized Legal Representative contributions, 20 day hold on third party contributions.","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","","

Hawai’i State Legislature enacted chapter 256B, Hawai’i Revised Statutes, to allow for the establishment of the Hawai’i ABLE Savings Program.

 

","

Please See Plan Disclosure Document

","Yes","Yes","25","Yes","10","Yes","$35 per year.","No","","Yes","$1.25 per month.","Yes","50","$35 per year.","$2.50 per check","$1.25 per month","","0","No fee for electronic statements. $10 annually for mailed paper statements.","$0","$0","

From the very beginning, Hawai’i 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.

Where can I find the ABLE Plan’s investment performance information? Historical Investment Performance

Description of plan’s Recertification of ABLE Eligibility Policy: The account owner or ALR is responsible for letting the plan know if they are no longer eligible for ABLE. We do not require an annual recertification process.

","

Do you have a policy for opening an account for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account? Yes. Where possible, we would like to help the person with the disability open and manage their own ABLE account. If they are not able to or would like someone else to manage the account we allow for people to serve as Authorized Legal Representatives. Please visit this page for more information: https://www.hawaiiablesavings.com/alr-info

Does your plan allow for proper account titling for a representative payee? Our ABLE plan allows for representative payees to properly manage the account as Authorized Legal Representative.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? Our ABLE plan allows for the payment of funeral and burial expenses as a qualified disability expense (QED) prior to the remaining assets being transferred to the estate of the beneficiary.

",-nl-
"Idaho","/state-review/idaho/","","","Not Active","","0","","16000","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 ABLE 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. This is up to $12,880 for residents of the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii.","","","","","","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) Phone: 1 (888) 609-8683","https://savewithable.com/il/home.html","Open for Enrollment","Ascensus","500,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Illinois and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) Phone: 1 (888) 609-3457","https://savewithable.com/in/home.html","Open for Enrollment","Ascensus","450,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Indiana and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) Phone: 1 (888) 609-8910","https://www.iable.gov/","Open for Enrollment","Ascensus","420,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Iowa and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 $3,522 per account in contributions from their adjusted gross income for 2022. 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 40 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) Phone: 1 (888) 609-8919","https://savewithable.com/ks/home.html","Open for Enrollment","Ascensus","402,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Kansas and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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","https://www.stablekentucky.com/","501,000","No","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Kentucky.","Bank of New York Mellon","4"," Vanguard","Yes","No","Yes. 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. ","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","25","Yes","1","Yes","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","No","","Yes","$0","Yes","0","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","$0","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.","

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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

","",-nl-
"Louisiana","/state-review/louisiana/","Louisiana ABLE Account Program (click to open an account) Phone: 1-800-259-5626 Ext #2","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","$16,000","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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Louisiana.","Chase Bank","7","Vanguard Inc: “ABLE accounts will be subject to investment risks, including loss of the principal amount invested.” ","No","No","Yes. 3 business day float on non-guaranteed funds.","","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","Yes","10","No","","Yes","Yes, the account may have two disbursements per month of at least $200 each.","No","","Yes","0","$0","$0","$0","

 

Investment Performance: https://www.able.osfa.la.gov/Common/Docs/ABLE_Investment_Performance_Report.pdf

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

LA does not charge administrative fees to the owners. They only incur the basis point fees from Vanguard.

Does your plan allow for different Levels of Control for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account?  No 

 

","

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.

Do you have a policy for opening an account for those who have term guardianship, personal guardianship or financial guardianship/conservator? Yes  During the opening procedure, (online or paper application) this relationship is established via the answer to the hierarchy question included.

Does your plan allow for proper account titling for a representative payee (see examples in the SSA webpage: Payee and ABLE accounts )? if the rep payee is an individual, they set the account up with themselves as the administrator and the disabled person as the account owner.  If the rep payee is an entity, the account is set up with the entity as the administrator with an agent to act on behalf of the entity and the disabled person as the account owner.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? Upon notification of the death of the account owner/disabled person, our staff requests a copy of the death certificate.  Once received, we inquire if there are outstanding medical or funeral final expenses.  If so, payment is made to cover those expenses.  If there are funds left above those final expenses, a check is requested payable to the estate of the account owner/disabled person.

",-nl-
"Maine","/state-review/maine/","ABLE ME","https://www.bangor.com/maineable","Open for Enrollment","Maine State Treasurer","500,000","No","$16,000 currently (This limit is a Federal limit that applies to all 529(A) Programs and is subject to change. It 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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Maine.","Bangor Savings Bank","0","Not Applicable, the only deposit instrument is a transactional checking account.","Yes","No","Yes. Ability to withdraw funds that have been deposited into a Maine ABLE Benefit CheckingSM Account are determined by the Funds Availability Disclosure section of the Important Information About Your Account Booklet.","The State of Maine, or any agency or instrumentality of the State, may not seek payment under the federal Internal Revenue Code, 26 United States Code, Section 529A from an account, or its proceeds, that is established under a qualified ABLE program for MaineCare benefits provided to a designated beneficiary, unless otherwise required by 14 the United States Social Security Act, 42 United States Code, Section 1396p(b). ","No","","

LD 1881

and LD 1637

","

Maine ABLE Informational Booklet

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

Please See Common Fee Schedule

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

Maine ABLE Benefit CheckingSM accounts are not guaranteed or insured by any state, any state agency or subdivision thereof, or their authorized agents or affiliates. Before opening an account, you should carefully read and understand the ABLE ME Informational Booklet. Maine ABLE Benefit CheckingSM is offered through a partnership with the State of Maine Office of the State Treasurer, owner of the ABLE ME Program.

","

Self-attestation enrollment process. Recently modified IRS regulations regarding how the distribution of ABLE earnings must be handled aligns with the operating processes and systems of investment houses, not banks. As a result the ABLE ME Program cannot include earnings, and instead focuses on benefits such as protection of principal, easy access, and service charge free checking. ABLE ME focuses on a specific advantage of the ABLE act: being able to accumulate resources beyond means-tested benefit limits without jeopardizing eligibility for necessary public benefits. Unlike other Programs, ABLE ME:

  • Does not offer market-driven investment options
  • Is non-interest bearing

Can only accept rollovers without earnings from another State’s 529A Qualified ABLE Program or 529 Qualified Tuition Program

",-nl-
"Maryland","/state-review/maryland/","Maryland ABLE (click to open an account) Phone: 1. 855.563.2253 ","https://www.marylandable.org/","Open for Enrollment to residents of any U.S. state.","Vestwell","500,000","Yes","$16,000","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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Maryland and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 to withdrawal.","The provisions of Maryland HB 782/SB 550 section 18–19C–10.This section reads as follows:18–19C–10. 22:(a) Unless prohibited by federal law, on the death of a designated beneficiary, money and assets in an able account may be transferred to: (1) The estate of the designated beneficiary; or (2) An able account for another eligible individual specified by the designated beneficiary or the estate of the designated beneficiary. (b) Unless required by federal law, an agency or instrumentality of the state may not seek payment under § 529a(f) of the internal revenue code from an able account or its proceeds for any amount of medical assistance paid for the designated beneficiary. Section 2. And be it further enacted, that this act shall take effect June 1, 2018.","Yes","$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).","

The Maryland ABLE Act (2016 Maryland Laws Ch. 39 (H.B. 431) was signed into law by Governor Hogan on April 12, 2016, enabling Maryland to begin building an ABLE program. The Maryland ABLE program is implemented by an independent state agency, Maryland 529.

","

Please See Plan Disclosure Link

","Yes","Yes","25","Yes","10","Yes","An annual Account Maintenance Fee of $35 is broken into quarterly installments and deducted from the account 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","0","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.","$2.50 per check","$1.25 a month","

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.

Does your plan allow for different Levels of Control for who manages spending and investments from the ABLE account? Yes, the ABLE plan True Link Cards offer different levels of spending on qualified disability expenses for the ABLE account owner and authorized legal representative.

","

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","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Massachusetts and the continental U.S.; $16,090 for residents of Alaska and $14,820 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) Phone: (844) 656-7225","https://www.miable.org/","Open for Enrollment","TSA Consulting Group, Inc.","500,000","Yes","16,000","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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Michigan and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii.","NA","5","FPS Trust","Yes","No","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.","Checkbooks containing 40 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.","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) Phone: 1 (888) 609-8872","https://savewithable.com/mn/home.html","Open for Enrollment","Ascensus","425,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Minnesota and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) Phone: 1 (888) 609-3469","https://savewithable.com/ms/home.html","Open for Enrollment","Mississippi Department of Rehabilitation Services","235,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Mississippi and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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","Sumday Administration, LLC","501,000","No","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Missouri.","Bank of New York Mellon","4","Vanguard Group","Yes","No","Yes. 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. ","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","25","Yes","1","Yes","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","No","","Yes","$0","Yes","0","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","$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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

","",-nl-
"Montana","/state-review/montana/","Montana ABLE (click to open an account) Phone: 1 (888) 609-3461","https://savewithable.com/mt/home.html","Open for Enrollment","Ascensus","396,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Montana and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) Phone: 1.844.362.2534","https://www.enablesavings.com/","Open for Enrollment","Nebraska State Treasurer","400,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Nebraska and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii.","Fifth Third Bank","5","Vanguard","No","No","Yes. 5-6 business days after contribution and 10 business days for change of address or account holder","Upon the death of a designated beneficiary who is a resident of the State of Nebraska, and after the Department of Health and Human Services has received approval from the Centers for Medicare and Medicaid Services of the United States Department of Health and Human Services, the State of Nebraska will not file a claim for payment or seek recovery of any amount remaining in the designated beneficiary’s account for any amount of medical assistance received by the designated beneficiary or his or her spouse or dependent under the medical assistance program pursuant to the Medical Assistance Act after the establishment of the account.","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

 

Medicaid Recapture Policy

","

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 elligible 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.

The Nebraska ENABLE plan allows for proper account titling for a representative payee; beneficiaries name by representative payee’s name.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? This would be considered a qualified withdrawal.

",-nl-
"Nevada","/state-review/nevada/","ABLE Nevada (click to open an account) Phone: 1 (888) 627-7503","https://savewithable.com/nv/home.html","Open for Enrollment","Ascensus","370,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Nevada and the continental U.S.; $16,090 for residents of Alaska and $14,820 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

Methods and incentives to encourage contributions to a savings trust 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 40 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","Sumday Administration, LLC","501,000","No","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of New Hampshire.","Bank of New York Mellon","4","Vanguard ","Yes","No","Yes. 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. ","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","25","Yes","1","Yes","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","No","","Yes","$0","Yes","0","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","$0","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.","

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, personalized gifting page, and a no cost loadable debit card with customizable spending.

","",-nl-
"New Jersey","/state-review/new-jersey/","NJ ABLE (click to open an account) Phone: 1 (888) 609-8869","https://savewithable.com/nj/home.html","Open for Enrollment","Ascensus","305,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of New Jersey and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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","Sumday Administration, LLC","501,000","No","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of New Mexico.","Bank of New York Mellon","4","Vanguard ","Yes","No","Yes. 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. ","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","25","Yes","1","Yes","https://www.stableaccount.com/files/STABLEpds.pdf","No","","Yes","$0","Yes","0","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","$0","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.","

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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

","

New Mexico HB61 established the rules for ABLE New Mexico.

",-nl-
"New York","/state-review/new-york/","NY ABLE (click to open an account) Phone: 855.569.2253","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","$16,000","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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of New York.","Fifth Third Bank, NA","5","Vanguard","Yes","No","Yes. Withdrawals of new contributions will not be available for withdrawal for five business days. 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.","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.","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","Yes","25","Yes","If you elect electronic delivery notification for statements and confirmations, your Quarterly Account Maintenance Fee will be $11.25. If you elect paper delivery for statements and confirmations, your Quarterly Account Maintenance Fee will be $13.75. ","No","","Yes","$2 Checking Option Fee- Waived if enrolled in E-delivery or have a balance greater than $250 in the checking option.","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

Each investment option in NY ABLE (other than the checking option) is assessed a .40% asset based fee over the course of the year.

","0","ach investment option in NY ABLE (other than the checking option) is assessed a .40% asset based fee over the course of the year.","$0","No- other than fees subject to use of the debit card if in network vs out of network; ATM fee: $2.00 for each transaction outside of network.","

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

Description of plan’s Recertification of ABLE Eligibility Policy: It is the responsibility of the Account Owner to notify NY ABLE in writing if they cease to be an Eligible Individual. We will provide annual reminder notices to the Account Owner, their parent or legal guardian, or their Authorized Individual of the responsibility to notify NY ABLE if the Account Owner ceases to be an Eligible Individual.

Do you have a policy for opening an account for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account? Qualified individuals who can manager their own finances may open an account.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? The NY ABLE program will process all qualified disability expenses.

","

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) Phone: (888) 609-8916","https://savewithable.com/nc/home.html","Open for Enrollment","Ascensus","450,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of North Carolina and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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","","","16000","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 ABLE 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. This is up to $12,880 for residents of North Dakota and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii.","","","","","","Yes. ","","No","","","","","","","","","","","","","","","","0","","","","","","","","","","",-nl-"Ohio","/state-review/ohio/","STABLE Account (click to open an account)","https://www.stableaccount.com/","Open for Enrollment","Sumday Administration, LLC","501,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Ohio and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii.","Bank of New York Mellon","4","Vanguard ","Yes","No","Yes. 1. Contributions received from a Beneficiary or ALR will be subject to a five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account","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","25","Yes","1","Yes","The current account maintenance fee is $27 per year payable at $6.75 per quarter for Ohio Account Owners and $39 per year payable at $9.75 per quarter for non-Ohio account owners.","No","","Yes","$0","Yes","0","The current account maintenance fee is $27 per year payable at $6.75 per quarter for Ohio Account Owners and $39 per year payable at $9.75 per quarter for non-Ohio account owners.","0","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.","

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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

","",-nl-
"Oklahoma","/state-review/oklahoma/","Oklahoma STABLE (click to open an account)","https://okstable.org/","Open for Enrollment","Sumday Administration, LLC","501,000","No","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Oklahoma.","Bank of New York Mellon","4","Vanguard ","Yes","No","Yes.   1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. ","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","Beginning with the 2021 tax year, couples can deduct up to $20,000 in contributions per year from their state taxable income. Single taxpayers can deduct contributions of up to $10,000 per year. The tax deduction for OK STABLE is not only available to individuals with disabilities, it can also be used by friends and family who contribute to an account. As with college savings and IRA deductions, contributions made by the tax filing deadline can be claimed on the previous year’s income tax returns.","

Oklahoma HB 2821 establishes the rules for Oklahoma STABLE

 

 

","

Please See Plan Disclosure Link

","Yes","Yes","25","Yes","1","Yes","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","No","","Yes","$0","Yes","0","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","$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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

","

 

 

",-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) Phone number: 1-844-394-2253","https://ableforall.com/about","Open for Enrollment","Sumday Administration, LLC","400,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii.","The Bank of New York Mellon","4","Vanguard and DFA","Yes","No","Yes. 5 day hold on account owner or Authorized Legal Representative contributions, 20 day hold on third party contributions","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. Medicaid recovery can only take place after funds are transfered to the account owner's estate. ","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","No fee for electronic statements. $10 annually for mailed paper statements.","$0","No","

From the very beginning, ABLE for ALL 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.

Where can I find the ABLE Plan’s investment performance information? Investment Performance

Description of plan’s Recertification of ABLE Eligibility Policy: The account owner or ALR is responsible for letting the plan know if they are no longer eligible for ABLE. We do not require an annual recertification process.

 

","

Do you have a policy for opening an account for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account? Yes, where possible, we would like to help the person with the disability open and manage their own ABLE account. If they are not able to or would like someone else to manage the account we allow for people to serve as Authorized Legal Representatives. Please see: https://ableforall.com/alr-info

Does your plan allow for proper account titling for a representative payee? Our ABLE plan allows for representative payees to properly manage the account as Authorized Legal Representative.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? Our ABLE plan allows for the payment of funeral and burial expenses as a qualified disability expense (QED) prior to the remaining assets being transferred to the estate of the beneficiary.

",-nl-
"Oregon – ABLE Savings Plan","/state-review/oregon/","Oregon ABLE Savings Plan (click to open an account) Phone number: 1-844-999-2253","https://www.sumday.com/register/oregon-able","Open for Enrollment","Sumday/Vestwell","400,000","No","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Oregon.","The Bank of New York Mellon","4","Vanguard, DFA","Yes","No","Yes. 1. Contributions received from a Beneficiary or ALR will be subject to a five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account","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. Medicaid recovery can only take place after funds are transfered to the account owner's estate. ","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 a year.","$2.50 per disbursement","$1.25 per month","

Please See Plan Disclosure Document

","0","No fee for electronic statements. $10 annually for mailed paper statements.","$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.

Where can I find the ABLE Plan’s investment performance information? Historical Investment Performance

Description of plan’s Recertification of ABLE Eligibility Policy: The account owner or ALR is responsible for letting the plan know if they are no longer eligible for ABLE. We do not require an annual recertification process.

","

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.

Do you have a policy for opening an account for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account? Yes, where possible, we would like to help the person with the disability open and manage their own ABLE account. If they are not able to or would like someone else to manage the account we allow for people to serve as Authorized Legal Representatives. Please see: https://www.oregonablesavings.com/alr-info

Does your plan allow for proper account titling for a representative payee? Our ABLE plan allows for representative payees to properly manage the account as Authorized Legal Representative.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? Our ABLE plan allows for the payment of funeral and burial expenses as a qualified disability expense (QED) prior to the remaining assets being transferred to the estate of the beneficiary.

",-nl-
"Pennsylvania","/state-review/pennsylvania/","PA ABLE Savings Program (click to open an account) Phone: 1 (855) 529-2253","http://www.paable.gov/","Open for Enrollment","Ascensus","511,758","Yes","$16,000 (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 ABLE 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. This is up to $12,880 for residents of Pennsylvania and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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) Phone: 1 (888) 609-8915","https://savewithable.com/ri/home.html","Open for Enrollment","Ascensus","395,000","Yes","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Rhode Island and the continental U.S.; $16,090 for residents of Alaska and $14,820 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 40 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 (South Carolina) (click to open an account)","https://www.palmettoable.com/","Open for Enrollment","Sumday Administration, LLC","501,000","No","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of South Carolina and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii.","Bank of New York Mellon","4","Vanguard ","Yes","No","Yes.   1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. ","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","25","Yes","1","Yes","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","No","","Yes","$0","Yes","0","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","0","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.","

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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

","",-nl-
"South Dakota","/state-review/south-dakota/","","https://sdic.sd.gov/other/ABLE.aspx","NA","","350,000","","16000","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 ABLE 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. This is up to $12,880 for residents of South Dakota and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii.","","","","","","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) Phone: 855.922.5386","https://able.treasury.tn.gov/","Open for Enrollment","State of Tennessee Department of Treasury","350,000","No","$16,000","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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Tennessee and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii.","NA","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 

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

Please See Plan Performance Data

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

New Enrollment is only available to Tennessee residents.

Does your plan allow for different Levels of Control for who manages spending and investments from the ABLE account? No

Description of plan’s Recertification of ABLE Eligibility Policy: Each year, the Account Owner is notified that they must inform ABLE TN if they are no longer eligible. If they do not notify the program that they are ineligible, they are deemed to have re-certified.

","

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? Please See Disclosure Document

",-nl-
"Texas","/state-review/texas/","Texas ABLE Program (click to open an account) Phone number: 844-489-2253","https://www.texasable.org/","Open for Enrollment","Orion Advisor Solutions, Inc. ","500,000","No","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment earnings or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Texas. ","Bank of the West","5","Vanguard, PIMCO and Eaton Vance","Yes","No","Yes. The Program reserves the right not to allow withdrawals of funds for up to: 7 business days following contributions by check if that contribution is needed to fund the withdrawal; 5 business days following contributions by electronic funds transfer if that contribution is needed to fund the withdrawal; 10 business days following a change of address; 15 business days following a change of Authorized Legal Representative","Upon the death of the beneficiary, a state may be required to file a claim for the amount of the total medical assistance paid for the beneficiary under the state’s Medicaid plan after the establishment of a program account (or any ABLE account from which amounts were rolled or transferred to the program account). The amount of the claim is to be paid only after the payment of all outstanding payments due for the qualified disability expenses of the beneficiary, including any funeral and burial expenses, and is to be reduced by the amount of all premiums paid by or on behalf of the beneficiary to a Medicaid Buy-In program under that state’s Medicaid plan.","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","$42 per year payable at $3.50 per month. ","Yes","$5 charge for each withdrawal by check; $1 charge for each withdrawal by ACH in excess of 2 per month.","Yes","Loading funds onto the debit card is treated as an ACH withdrawal; each withdrawal in excess of 2 per month is subject to a $1 ACH processing fee. There are no monthly or purchase fees. After 90 days with no transactions, there is a $2 per month inactivity fee. See our website for other fees that might apply.","Yes","0","$42 per year payable at $3.50 per month. ","$5 charge per withdrawal by check.","The Program will charge $1.00 for each withdrawal by ACH in excess of two per month from your Texas ABLE account. Making a withdrawal to the Focus Card is considered an ACH withdrawal. ","

Please See Program Disclosure Document

","0","There is no fee for electronic delivery of documents; there is a $10 annual fee for printed documents.","$0","$5 charge for each withdrawal by check; $1 charge for each withdrawal by ACH in excess of 2 per month.","

Texas ABLE Program grassroots staff are available for outreach opportunities including virtual or in-person presentations and webinars. Please call 512-475-5331 or email us at TexasABLE@cpa.texas.gov.

Where can I find the ABLE Plan’s investment performance information? https://www.texasable.org/investments/#investment-performance

Description of plan’s Recertification of ABLE Eligibility Policy: The designated beneficiary, or the Authorized Legal Representative if one is named, is responsible for notifying the Program if the designated beneficiary is no longer an eligible individual. The designated beneficiary, or the Authorized Legal Representative, if one is named, is also responsible for notifying the Program if the beneficiary subsequently re-qualifies as an eligible individual. Notification may be provided online at TexasABLE.org.

","

Do you have a policy for opening an account for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account?  If the beneficiary is a minor, or has a legal guardian or other fiduciary appointed to manage the beneficiary’s financial affairs, the parent, legal guardian, or other fiduciary may serve as the Authorized Legal Representative and enter into the Savings Trust Agreement with the Program.

Does your plan allow for proper account titling for a representative payee? Currently the system allows for a parent, legal guardian or other fiduciary (for example, a trustee or an agent acting under a power of attorney for the designated beneficiary). System functionality will allow a spouse, sibling, grandparent or
representative payee to open an account as an Authorized Legal Representative.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? Funeral and burial expenses can be paid prior to account freeze.

",-nl-
"Utah","/state-review/utah/","ABLE Utah Savings Plan","https://ableut.com/","Open for Enrollment","Sumday Administration, LLC","501,000","No","$16,000","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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Utah.","Bank of New York Mellon","4","Vanguard","Yes","No","Yes. 1. Contributions received from a Beneficiary or ALR will be subject to a five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account","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","Utah residents and taxpayers may claim a credit for 5% of the total qualified contributions they make to a Utah resident’s ABLE Utah account. Contributions must be made during the taxable year and have an itemized statement. Individuals may not claim credit for an amount of a contribution that is returned to them or an amount already deducted on their federal income tax return.","

 

SB292 is the legislation that establishes the Achieving a Better Life Experience Program, ABLE Utah Savings Plan

","

Please See Plan Disclosure Link

","Yes","Yes","25","Yes","1","Yes","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","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 $39 per year payable at $9.75 per quarter.","$0","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.","

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, Utah 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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

","",-nl-
"Vermont","/state-review/vermont/","Vermont ABLE (click to open an account)","https://www.vermontable.com/","Open for Enrollment","Sumday Administration, LLC","501,000","No","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Vermont. ","Bank of New York Mellon","4","Vanguard ","Yes","No","Yes. 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. ","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","25","Yes","1","Yes","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","No","","Yes","$0","Yes","0","The current account maintenance fee is $42 per year payable at $3.50 per month.","$0","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.","

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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

","",-nl-
"Virginia – ABLEAmerica","/state-review/virginia-2/","ABLEAmerica (click to open an account) Please contact your financial professional.","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.","550,000","Yes","$16,000 (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 employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less: up to $12,880 for residents of the 48 contiguous states; $16,090 for Alaska; or $14,820 for residents of Hawaii.","ABLEAmerica is distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries.","7","American Funds","No","Yes","Yes. Please contact your financial advisor.","Unless required by federal law, the Virginia Department of Medical Assistance Services may not pursue Medicaid recovery claims against the ABLEnow or ABLEAmerica accounts of Virginia residents. For customers who received Medicaid benefits outside Virginia during the time they had an ABLEnow or ABLEAmerica account open, that state’s Medicaid program can file a claim for some amount of repayment upon death. Before that happens, funds from the beneficiary’s ABLE account may be used by their estate to repay any outstanding qualified disability expenses, including funeral and burial costs.","Yes","Virginia offers an annual state income tax deduction of up to $2,000 per contributor for contributions to an ABLEnow or ABLEAmerica account. ","

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","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","NA","

The first ABLE program available through financial professionals, 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 professional.

","

https://www.capitalgroup.com/individual/what-we-offer/able.htmlPlease see Disclosure Documents for additional information.

",-nl-
"Virginia – ABLEnow","/state-review/virginia/","ABLEnow (click to open an account) Phone: 844-669-2253","https://www.able-now.com/","Open for Enrollment","Virginia529","550,000","Yes","$16,000 (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 employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less: up to $12,880 for residents of the 48 contiguous states; $16,090 for Alaska; or $14,820 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.","Unless required by federal law, the Virginia Department of Medical Assistance Services may not pursue Medicaid recovery claims against the ABLEnow or ABLEAmerica accounts of Virginia residents.","Yes","Virginia offers an annual state income tax deduction of up to $2,000 per contributor for contributions to an ABLEnow or ABLEAmerica account. ","

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","$0 / There is no additional cost for the ABLEnow 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 Investment 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 customers with ABLEnow deposit account balances of $10,000 or more, and free resources such as the ABLEnow mobile app, mobile wallet-compatible ABLEnow Card, online gifting center and in-house ABLE experts available by phone and email.

Does your plan allow for different Levels of Control for who manages spending and investments from the ABLE account? Yes, ABLE account owners have the option to issue one additional ABLEnow Card to an Authorized Signer of their choice.

 

","",-nl-
"Washington","/state-review/washington/","Washington State ABLE (click to open an account) Phone number: 1-844-600-2253","https://www.washingtonstateable.com/","Open for Enrollment","Sumday Administration, LLC","500,000","No","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Washington.","Bank of New York Mellon","3","Vanguard, Dimension","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 ","Yes, against the estate not the plan.","No","WA has no state income tax therefore no deductions nor credits.","

Washington House Bill 2323 from 2016 session

Senate Bill 6221 from 2018 session

","

Please see Plan Disclosure Document

","Yes","Yes","25","Yes","10","Yes","$35 per year.","No","","Yes","$1.25 per month","Yes","0","$35","NA","$1.25 per month","

 

See plan disclosure for historical rate of returns.

","0","Free if using electronic notification and $2.50 mailing fee assessed to each quarterly statement that is mailed.","$0","$0","

E-gifting option to set up and run gifting campaigns for the beneficiary.

Does your plan allow for different Levels of Control for who manages spending and investments from the ABLE account? No.

Where can I find the ABLE Plan’s investment performance information? See plan disclosure for historical rate of returns.

 

","

There are no state income taxes for residents of Washington.

Prepaid card cannot be used in ATM.

Do you have a policy for opening an account for an account owner who does not have a guardian or conservator for managing spending and investments from the ABLE account?  Yes, during the opening procedure, (online or paper application) this relationship is established via the answer to the hierarchy question included.

Does your plan allow for proper account titling for a representative payee? If the rep payee is an individual, they set the account up with themselves as the administrator and the disabled person as the account owner.  If the rep payee is an entity, the account is set up with the entity as the administrator with an agent to act on behalf of the entity and the disabled person as the account owner.

What is your plan’s policy regarding payment of funeral / burial expenses as a qualified disability expense (QDE) prior to account freeze, if available? Upon notification of the death of the ABLE account owner, the ABLE funds are sent to the estate and the estate can pay for funeral and burial expenses from the ABLE funds.

",-nl-
"West Virginia","/state-review/west-virginia/","WVABLE (click to open an account)","https://wvable.com/","Open for Enrollment","Sumday Administration, LLC","501,000","No","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of West Virginia.","Bank of New York Mellon","4","Vanguard","Yes","No","Yes. 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. ","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 residents or tax payers 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","25","Yes","1","Yes","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","No","","Yes","$0","Yes","0","The current account maintenance fee is $39 per year payable at $9.75 per quarter.","$0","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.","

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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

","",-nl-
"Wisconsin","/state-review/wisconsin/","NA","https://www.revenue.wi.gov/Pages/FAQS/ise-ABLEAccounts.aspx","Signed into law - program in development","NA","330,000","No","$16,000 (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 ABLE 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. This is up to $12,880 for residents of Wisconsin and the continental U.S.; $16,090 for residents of Alaska and $14,820 for residents of Hawaii.","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","Sumday Administration, LLC","501,000","No","$16,000 (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 ABLE Account. The additional amount that may be contributed is an amount equal to the Account Owner’s employment income or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less. This is up to $12,880 for residents of Wyoming.","Bank of New York Mellon","4","Vanguard ","Yes","No","Yes. 1. Contributions received from a Beneficiary or ALR will be subject to five (5) Business Day holding period before the funds are available for withdrawal. 2. 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. 3. A change in mailing address will result in a thirty (30) calendar day holding period before physical checks can be requested and mailed to the new address of record. 4. A change in bank account will result in a thirty (30) calendar day holding period before Electronic Fund Transfers can be requested and sent to the new linked bank account. ","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.

","

Please See Plan Disclosure Document

","Yes","Yes","25","Yes","1","Yes","https://www.stableaccount.com/files/STABLEpds.pdf","No","","Yes","$0","Yes","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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.","$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, personalized gifting page, and a no cost loadable debit card with customizable spending controls and transactional recordkeeping.

","",-nl-