5 Myths About ABLE United Accounts — and the Truth Behind Them

Think ABLE accounts are just for a few people—or too complicated to use? Think again!

More Floridians are discovering how ABLE United can make saving simple, flexible, and empowering. Let’s clear up some common myths and show how Florida’s #1 Disability Savings Program can help you save confidently, protect your benefits, and plan for the future you want.

Myth #1: “If I save money, I’ll lose my SSI or Medicaid.”

Truth: You can save safely and keep your public benefits.

Generally, funds in an ABLE United account don’t count toward federal benefit limits. That means you can save, invest, and plan for your future without risking your essential benefits like SSI or Medicaid.

ABLE United was built to help you protect what matters most—your peace of mind and your financial security.

Myth #2: “ABLE accounts are only for kids.”

Truth: Even more adults now qualify, too! Now, those previously diagnosed before age 46 are eligible!

Thanks to the recently passed Age Adjustment Act, those with a severe diagnosis or disability that began before age 46 are now eligible for an ABLE United account. Whether you were diagnosed at birth or later in life, ABLE United gives you a safe, simple way to save and spend for your goals.

This expansion means even more Floridians can experience the freedom and flexibility ABLE accounts provide.

Myth #3: “It’s complicated to open an ABLE account.”

Truth: You can open your account online in 15 minutes or less.

No lawyer. No stacks of paperwork. No stress.

Getting started is simple. You can check your eligibility using our online Eligibility Quiz, open your account, and make your first contribution all from your phone or computer. You can even invite family and friends to help you save through your personal gifting page.

Myth #4: “I can only use the money for medical expenses.”

Truth: ABLE funds are for so much more than medical bills.

You can use your savings however you’d like for qualified disability expenses, including housing, transportation, job training, education, assistive technology, or even basic living costs.

ABLE United gives you the freedom to use your money in the way that best supports your independence and quality of life.

Myth #5: “Only wealthy families benefit from ABLE accounts.”

Truth: ABLE United was designed for everyday Floridians.

There are no enrollment or monthly fees, and you can start saving with as little as $25 with no monthly minimum contributions required. Even small, regular contributions add up fast, and because your earnings grow tax-free, your savings can stretch further over time.

Breaking Barriers, Building Confidence

The truth is simple. ABLE United accounts are helping thousands of Floridians save safely, spend confidently, and live more independently than ever before.

With more eligibility, more flexibility, and more opportunity, there’s never been a better time to open an ABLE account.

Join over 18,000 Floridians who are building brighter futures with ABLE United.

Saving for tomorrow starts today, securely, simply, and with the support of Florida’s most trusted savings partner.

Learn More & Get Started Today!

‍