ABLE United
Boy piggyback on another boy at the beach Boy piggyback on another boy at the beach

Overview

An ABLE United account offers Floridians with disabilities a tax-free way to save while maintaining government benefits.

Advantages

Save tax-free for future expenses.
Save while maintaining federal benefits.
Save with the help of family and friends.

Eligibility

Must be a Florida resident at the time of application and have a qualifying disability with onset prior to age 26.

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Government Benefits

Generally, funds in (or withdrawn from) an ABLE United account are disregarded when determining Supplemental Security Income (SSI) or Medicaid eligibility.

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Qualified Disability Expenses

If the money in an ABLE United account is spent on one of the following Qualified Disability Expenses, as defined by federal law, the earnings on the money withdrawn are tax-free.

In general, Qualified Disability Expenses include, but is not limited to, the following types of expenses: education, housing, transportation, employment training and support, assistive technology and related services, health, prevention and wellness, financial management and administrative services, legal fees, funeral and burial, and basic living expenses.

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How It Works

Open an account: Takes about 15 minutes. The individual with a disability owns the account, but an authorized person may open and oversee the account.

Contribute: No minimum contribution. Save up to $15,000 per year – individually or with the help of family and friends.

Choose investments: Choose from three predesigned portfolios to meet the needs of most investors or four individual funds to build a custom portfolio for those with more investment experience.

Withdraw: Easily access funds online by requesting an electronic transfer to a bank account or a paper check.

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Investment Options

Choose a predesigned portfolio or build from the individual fund options.

Predesigned Portfolios:Fund Options:
Conservative PortfolioMoney Market (Florida PRIME)
Moderate PortfolioU.S. Bond Fund (Vanguard)
Growth PortfolioU.S. Stock Fund (Vanguard)
International Stock Fund (BlackRock)
Predesigned Portfolios:
Conservative Portfolio
Moderate Portfolio
Growth Portfolio
Fund Options:
Money Market (Florida PRIME)
U.S. Bond Fund (Vanguard)
U.S. Stock Fund (Vanguard)
International Stock Fund (BlackRock)

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Save on Fees

Free to enroll. No monthly maintenance fee with eDelivery.

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