The federal Achieving a Better Life Experience (ABLE) Act allows qualified individuals with disabilities to open tax-exempt savings accounts to save for disability-related expenses without impacting eligibility for resource-based benefits. The Act permits qualified individuals with disabilities to save more than a total of $2,000 in assets such as cash and savings in their name in a qualified ABLE account.
Federal law allows qualified individuals to open an ABLE account in any state’s program that is accepting such enrollment. The states listed below in alphabetical order are accepting enrollment from qualified Oklahomans. The links below will direct you to each state’s ABLE website, where you can learn qualification details, investment options and other pertinent information.
Additional information on ABLE is available from the ABLE National Resource Center (ANRC).
This website is authorized under Title 56 O.S. 2016 Supp, Section 4001.2 and is maintained by the Office of the Oklahoma State Treasurer.