Eligiblity Quiz
Are you opening a PA ABLE Savings Program account for yourself or another person?
Yourself
Another Person
Are you an adult (18 or older) who is the intended beneficiary's parent, guardian, or power of attorney?
Yes
No
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Does the beneficiary have a qualified disability that began prior to the 26th birthday?
Yes
No
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Are you entitled to receive Supplemental Security Income (SSI
) or Social Security Disability Insurance (SSI
) because of your disability?
Yes
No
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Is the intended beneficiary entitled to receive Supplemental Security Income (SSI
) or Social Security Disability Insurance (SSI
) because of a disability?
Yes
No
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Has your condition lasted, or is it expected to last, more than 12 continuous months or result in death?
Yes
No
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Is the intended beneficiary legally blind OR have a severe physical or mental impairment?
Yes
No
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Has the intended beneficiary’s condition lasted, or is expected to last, more than 12 continuous months or result in death?
Yes
No
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You may be eligible. You must have a written diagnosis regarding your disability signed by a physician who meets SSA criteria. You must be able to provide it, if requested. You do not need to submit it with your enrollment form.
Please call 855-529-ABLE (2253) with any additional questions or to talk with a customer service representative.
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The intended beneficiary may be eligible. They must have a written diagnosis regarding your disability signed by a physician who meets SSA criteria. They must be able to provide it, if requested. They do not need to submit it with their enrollment form.
Please call 855-529-ABLE (2253) with any additional questions or to talk with a customer service representative.
Start OverYou may be eligible.
Please call 855-529-ABLE (2253) with any additional questions or to talk with a customer service representative.
Start OverThe intended beneficiary may be eligible.
Please call 855-529-ABLE (2253) with any additional questions or to talk with a customer service representative.
Start OverYou may not be eligible.
Please call 855-529-ABLE (2253) with any additional questions or to talk with a customer service representative.
Start OverThe intended beneficiary may not be eligible.
Please call 855-529-ABLE (2253) with any additional questions or to talk with a customer service representative.
Start OverYou may not be eligible.
Please call 855-529-ABLE (2253) with any additional questions or to talk with a customer service representative.
Start OverProgram Overview
PA ABLE Savings Program for Disability-Related Expenses
A PA ABLE account gives individuals with qualified disabilities (Eligible Individuals), and their families and friends, a tax-free way to save for disability-related expenses, while maintaining government benefits. Federal and state law authorized the creation of PA ABLE accounts.
Contributions
- Contribute up to $15,000 each year. This federal limit may be adjusted each year based on inflation and may be exceeded by account owners who are employed (see below).
- Contribute more with earned income. PA ABLE account owners who earn income may contribute additional funds beyond the annual $15,000 contribution limit. See the FAQs for additional information.
- Families and friends can contribute to an account. The account limit applies to total contributions and is not per contributor.
- Account maximum of $511,758. Once limit is reached, no additional contributions can be made. Interest can still be earned.
- Deduct contributions on PA income taxes. Contributions to a PA ABLE account may be deducted from state taxable income. Only contributions to a PA ABLE account qualify for the PA state income tax deduction.
- Roll over a 529 college account. Roll over money from a 529 college savings account to a PA ABLE account, up to the ABLE annual contribution limit ($15,000 in 2018). See the FAQs for additional information.
Chose Your Investment Options
You may choose to direct your contributions to one or any combination of seven investment options offered by the PA ABLE Savings Program. Six are Asset-Allocation Options with varying blends of stocks, bonds, and cash – with the combinations ranging from conservative to aggressive. The seventh is an FDIC-insured interest-bearing checking account with a debit card provided through Fifth Third Bank.
In addition to the investment fees shown on the investment option charts, there is an account maintenance fee of $15 per quarter, which may be reduced to $11.25 per quarter if you choose to have program statements and information sent electronically. For the Fifth Third Bank checking account option there is an additional fee of $2.00 per month, which is waived if you elect to receive bank statements electronically or maintain an average monthly balance of $250. Additional bank fees may apply. See the PA ABLE Savings Program Disclosure Statement for details.
Account Control
Eligible Individuals who can enter into contracts are Account Owners with complete control of their account - a trustee or representative is not needed. To establish an account for minors or adults who lack the capacity to contract, a parent, guardian or person with a Power of Attorney must open the account.
For Account Owners who lack the capacity to contract, the Fiduciary maintains control of the account unless relinquished. Account Owners who reach the age of 21 and have the capacity to contract can request the termination of a fiduciary's authority and roll over their savings into a new account.
The Pennsylvania ABLE Act
The Pennsylvania Achieving a Better Life Experience (ABLE) Act follows federal legislation that authorizes states to create ABLE programs. Modeled after college savings accounts, ABLE accounts allow individuals with qualifying disabilities and their families to save for a wide range of disability-related expenses. The federal tax-free savings and investment options are offered to encourage individuals with a disability and their families to save private funds to support health, independence and quality of life.
- Overview
- Benefits
- Eligibility
- Qualified Expenses
- About Us
- Forms
- Investment Options
- Checking Option
- Give a gift
- Webinars
- Sign Up Form
- Enroll
- My Account
- FAQs
- Eligibility Quiz
Connect With Us
Phone: 855-529-ABLE (2253)Email: info@paable.gov
PA ABLE Savings Program
607 South Drive | Room 529
Harrisburg, PA 17120