FAQs

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What is ABLE to Work?
The ABLE to Work Act, effective January 1, 2018, revised the Internal Revenue Code applicable to ABLE accounts to permit eligible employed beneficiaries to save more in their ABLE accounts. Over and above the standard Annual Contribution Limit ($16,000 for 2022), a working beneficiary is allowed to... Read more
What happens if the beneficiary is no longer eligible for an account?
If a beneficiary no longer meets eligibility requirements, they no longer qualify to get an ABLE account and they (or their account manager) should sign into the account’s settings and update their eligibility. Their account will remain open and they can continue to use the account until the end of... Read more
Can money in an ABLE account be recovered in a bankruptcy?

No. The Hawai’i ABLE Savings Program is protected from bankruptcy.

Where can I find my account number?
You can find all the information about an ABLE account on the Overview page. The account number is at the top of that page. The rest of the information about the beneficiary’s account — including contact info, condition, customization, money allocation, and yearly goal — can be viewed and edited... Read more
Can a Social Security Representative Payee open an account for a beneficiary?
If you’re an eligible beneficiary with a Representative Payee, you can open an account for yourself. To have a Representative Payee open an account for you, they must meet the requirements of an Authorized Legal Representative (anyone who is selected by the eligible beneficiary with legal capacity,... Read more
How do I change my address?
If you’re the beneficiary of an account, or an Authorized Legal Representative (ALR), you can update your address directly from your profiles, accessible through the dashboard. As an ALR, you can manage a beneficiary’s address (where all statements and communications are sent if you select to... Read more
What is Sumday?
Vestwell State Savings, LLC, dba Sumday Administration, is the plan manager for the ABLE for ALL Savings Plan — which powers the Hawai’i ABLE program — and provides the online platform for the ABLE account. Sumday, a Vestwell Holdings, Inc. company, is affiliated with some of the world’s largest... Read more
Do I have to pay taxes on my account?
As long as the money in your ABLE account is used for eligible expenses, it won’t be counted as income for your state or federal taxes. If a purchase doesn’t qualify as an eligible expense, you’ll have to pay taxes and a 10% penalty on the amount. If you want to know more about the IRS regulations,... Read more
How is this different from a Special Needs Trust or Pooled Trust?
An ABLE account won’t replace a Special Needs Trust or Pooled Trust. There are some key differences that are meant to give people with disabilities and their families more options. With an ABLE account: There are fewer expenses than setting up a trust. The beneficiary owns the funds and can... Read more
What happens to my state and federal benefits?

Your ABLE account grows up to $100,000 without affecting your Supplemental Security Income (SSI) benefits. Other federal benefits are not affected, regardless of the balance in the ABLE account.