An ABLE account is a way to save for eligible disability-related expenses. If you’re receiving SSI (Supplemental Security Income), you can have up to $100,000 in an ABLE account without it counting towards the $2,000 asset limit. Any individual who developed a qualifying disability before the age of 26 is eligible for an account. If someone can’t open an account themselves, an Authorized Legal Rep
resentative can do it for them. Eligible Expenses
Most costs related to living with a disability are considered qualified disability expenses. Some of these expenses include:
Living expenses
Education
Housing
Transportation
Employment, training and support
Assistive technology
Personal support services
Health, prevention and wellness
Financial management
Administrative services
Legal fees
Oversight and monitoring
Funeral and burial costs
Other Expenses to enhance the account owner's quality of life
Alabama ABLE is offered through the State of Alabama's Treasurer's office.
