Status: Open for Enrollment
State Program Manager: Intuition ABLE Solutions, LLC
State Account Limit: $468,000
Accepts Out Of State Residents: No
Annual Contribution Limit: $15,000
ABLE To Work Act Contribution: $12,140
Number Investment Options: 4
Program Investment Institution(s): Vanguard Group, Inc. and Fifth Third Bank; “Except to the extent of Federal Deposit Insurance Corporation (FDIC) insurance provided for the Debit/Checking Option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested. ”
Debit Card Or Prepaid Card: Yes
Withdrawal Hold Rules: Yes
Medicaid Payback Waived: No.
State Income Tax Deduction: Yes. Missouri offers an annual state income tax deduction of up to $8,000 for single filers and $15,000 for joint filers
FDIC Insured: Yes
Missouri Revised Statutes §§ 209.605-209.645 establishes the rules for MO ABLE.
Program at a Glance
Is there an initial minimum contribution requirement to open an ABLE account? If so, how much?
Is there an annual set fee to maintain the account? If so, how much?
Yes. The current account maintenance fee is $42 per year payable at $3.50 per month.
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?
Can I roll over my ABLE account to another ABLE program? If so, what is the fee to do so?
- Fee Range
Annual Maintenance Fee:
The current account maintenance fee is $42 per year payable at $3.50 per month.
Investment Option Fee Range:
$1.90 to $3.30 on $1,000 investment per year.
$10 annually (print/mail); $0 electronic statement
Withdrawal Transaction Fee:
No ATM use
- Annual Maintenance Fee: