February 20, 2019

What kind of benefits do I get by opening an ABLE United Account?

One of the main benefits of having an ABLE United Account is being able to save for Qualified Disability Expenses and invest for the future in a tax-advantaged Account. Earnings on the Account grow tax free as long as the funds are used for Qualified Disability Expenses.

Generally, funds in (or withdrawn from) an ABLE United Account are disregarded when determining Supplemental Security Income (SSI), Medicaid eligibility and other resource means-tested government benefit programs (SNAP, TANF, HUD Assistance, Section 8, etc.). For more information on having an ABLE United Account and government benefits, click here.

Other benefits include the option to have a prepaid card to use for qualified expenses, and the ability to have family and friends contribute to your account.