FAQs
Answers at your fingertips
You can scroll through the FAQs, search, or click a category button to filter them.
- Benefits
- Contributions
- Eligibility
- General
- Gifting
- How it Works
- Linking Bank Accounts
- Opening an Account
- Prepaid Card
- Qualified Expenses
- Successors and Estates
- Tax Benefits
- What is the ABLE for ALL Savings Plan?
- The ABLE for ALL Savings Plan is a plan available to U.S. citizens nationwide to help those living with eligible disabilities save for qualified expenses and invest for the future in a tax-advantaged account – without losing federal and state benefits (like SSI, SSDI, Medicaid, SNAP, TANF, HUD... Read more
- What is the ABLE Act?
- Millions of people with disabilities rely on public benefits and federal programs such as Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), Medicaid, and others for their living and basic needs, but even those benefits can be limiting. Those receiving much needed... Read more
- Is Hawai’i ABLE different from ABLE for ALL?
-
Hawai’i has partnered with ABLE for ALL to offer eligible citizens of Hawai’i access to the nationwide ABLE for ALL program. To help ensure that Hawai’i ABLE participants can rely on a variety of features and services, ABLE for ALL has partnered with Vestwell.
- What is the connection between the Hawai’i ABLE Savings Program, ABLE for ALL, and the State of Oregon?
- The Hawai’i State Legislature enacted chapter 256B, Hawai’i Revised Statutes, to allow for the establishment of the Hawai’i ABLE Savings Program. Chapter 256B allowed Hawai’i to partner with another state’s ABLE plan. After comprehensive research, an official Request for Proposal (RFP), and... Read more
- Does having an account affect my other benefits?
- Nope. You can keep federal and state benefits (SSI, SSDI, Medicaid, SNAP, TANF, HUD Assistance, Section 8, etc.) with an ABLE account. If you receive Supplemental Security Income (SSI), there is a $100,000 limit before funds start counting against your $2,000 asset limit. As long as the money... Read more
- Do I have to file separate taxes for each ABLE account?
-
Each beneficiary account is treated separately. Every account is subject to a separate $19,000 annual contribution limit (or more if the beneficiary has earned wages for the year), and each ABLE account will receive separate tax documents.
- What is a prepaid card?
- A prepaid card is very much like a reloadable gift card. Simply put, you add funds to a prepaid card and then use it to make purchases — either online or in-store. With an ABLE Prepaid Card, you can: Make purchases everywhere Visa debit cards are accepted Add funds from your ABLE account and... Read more
- Is money on the prepaid card counted as an asset for benefits?
-
Just like the funds in your ABLE account, the funds on your ABLE Visa® Prepaid Card do not count as assets for state or federal benefits.
- How do I sign up for a card?
- In just a few steps you can sign up to receive an ABLE Visa Prepaid Card. After you’ve registered, it takes about 6-8 business days to receive your card in the mail. For any subsequent cards, you may opt to pay for expedited shipping, which takes 2-4 business days. Then, once your card is... Read more
- Can an Authorized Legal Representative and beneficiary both have a card?
- If you’re the Authorized Legal Representative (ALR) for someone, you can order a card for yourself to make purchases for the beneficiary, a card for the beneficiary, or both. Each card has its own balance and spending controls, so you decide how funds will be used. The beneficiary will not have... Read more
