ABLE accounts are a new savings option for people with disabilities.
You can put up to $15,000 a year into this special bank account and earn tax-free interest.
This money will not affect government benefits like SSI and Medicaid (up to a limit of $100,000).
ABLE accounts are only for people who developed their disability before age 26.
- ABLE stands for "Achieving a Better Life Experience".
Money in ABLE Accounts can be used for specific disability-related expenses, including:
Click on the box below to learn more:
ABLE stands for Achieving a Better Life Experience.
ABLE accounts are a new savings option for people with disabilities. A person with an ABLE account can earn tax-free interest on contributions of up to $15,000 per year - and up to $100,000 total.
This money can be used for disability-related expenses without affecting government benefits.
For more information, contact the Louisiana Office of Student Financial Assistance: