What kind of benefits do I get?

One of the main benefits of having an ABLE account is being able to save for eligible expenses and invest for the future in a tax-advantaged account. The account’s growth is tax-free and you may qualify for a state income tax deduction, depending on where you live. As long as your balance stays below the $100,000 Supplemental Security Income (SSI) limit, you can keep your SSI benefits and still qualify for Medicaid and other benefits (regardless of the amount you saved in your account). You’ll also get access to a simple and intuitive online platform to manage your account.