ABLE bank accounts allow people with disabilities to save money without having those savings count against their eligibility for government disability benefits. The ABLE Act is a federal law that lays the groundwork for ABLE accounts but the accounts themselves are run by individual states.
The Arc Center for Future Planning has developed a video series for people with intellectual and developmental disabilities (IDD) and their families as they plan for the future, including having a financial plan. Video topics include information and resources on ABLE Accounts and Special Needs Trusts. These videos are also available in Spanish.
ABLE or ABLEnow is a nationally qualified ABLE savings program offered nationally by the Commonwealth of Virginia. ABLEnow accounts give qualified and enrolled individuals the opportunity to invest and grow savings tax-free, without endangering eligibility for most means-tested benefits.
The ABLE National Resource Center (ANRC) is a collaborative whose supporters share the goal of accelerating the design and availability of ABLE accounts for the benefit of individuals with disabilities and their families. ANRC brings together the investment, support and resources of the country’s largest and most influential national disability organizations.