Program Name: ABLE United (click to open an account)
Status: Open for Enrollment
State Program Manager: Sumday Administration, LLC
State Account Limit: $418,000
Accepts Out Of State Residents: No
Annual Contribution Limit: $15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions.)
ABLE To Work Act Contribution: The ABLE to Work Act allows Beneficiaries who are employed to contribute an amount equal to their current year gross income up to $12,760 each year to their ABLE Account in addition to the annual standard contribution limit.
Program Banking Institution: The Bank of New York Mellon
Number Investment Options: 8
Program Investment Institution(s): BlackRock, Inc. BNY Mellon The Vanguard Group, Inc. Florida PRIME
Debit Card Or Prepaid Card: Yes
Withdrawal Hold Rules: Yes.   Up to 5 days for first party deposits; 20 business days for third party deposits.
Medicaid Estate Recovery Status: 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.
State Income Tax Deduction: No. No, there is no state income tax for residents of Florida.
FDIC Insured: Yes. FDIC insurance generally protects up to $250,000 of your deposits at the same bank in the same ownership right and capacity for your ABLE Account invested in the FDIC Savings.
ABLE Legislation:

Florida Achieving a Better Life Experience (ABLE) Act

Account Disclosure Document(s):

Please See Account Disclosure Document

Program at a Glance

  • Is there an initial minimum contribution requirement to open an ABLE account? If so, how much?
    Yes. $25.
  • Is there a required minimum contribution to your account? If so, what is the amount?
    Yes. $5.
  • Is there an annual set fee to maintain the account? If so, how much?
  • Are there fees or restrictions to the number of disbursement you are allowed? If so, what are they?
  • Is there a “debit card/purchasing card” available with the program? If so, what is the added cost?
    Yes. $2.50 per month
  • Can I roll over my ABLE account to another ABLE program? If so, what is the fee to do so?
    Yes. $0.
  • Fee Range
    • Annual Maintenance Fee:
    • Check Fee:
    • Debit Card Fee:
      $2.50 per month
    • Investment Option Fee Range:

      Please See Plan Disclosure Documents

    • Statement Fee:
      If you choose to opt out of electronic statements, there is a $10 per year fee for paper statements.
    • ABLE Account Transfer Fee:
  • Are there other characteristics unique to your program?

    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/.

ABLE United (click to open an account)