ABLE Account Decision Guide Series
Understanding ABLE Account Savings and Public Benefits
The first $100,000 of an ABLE account balance does not count toward the SSI resource limit. To become eligible or remain eligible for SSI, the amount of countable ABLE resources above $100,000, combined with other countable assets, can be no more than $2,000 for a person over the age of 18. This limit varies from $3,000 for a couple or it may be up to $5,000 for a child under age 18 living with both parents (https://secure.ssa.gov/apps10/poms.nsf/lnx/0501110530
). These SSI issues, related to ABLE accounts, are covered in Social Security’s Spotlight on ABLE Accounts, https://www.ssa.gov/ssi/spotlights/spot-able.html
Are ABLE account savings either alone or combined with non-ABLE resources:
$100,000 or less? More than $100,000?
Note: Our ABLE Decision Guide Series is designed as an aid to decision making as it relates to establishing and using an ABLE account. This document does not cover every possible issue related to the topic and is not a substitute to more in-depth analysis that may be required in some cases.