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Washington State ABLE Savings Plan

A flexible and convenient way for people living with disabilities to invest in their quality of life

A Washington State ABLE Savings Plan allows people with eligible disabilities to save for their everyday needs, invest in a tax-advantaged account and prepare for the future without losing their state or federal benefits.

Washington State ABLE Savings Plans are easy to open and simple to manage. Individuals can make direct contributions and can also make payroll contributions through the ABLE to Work program. Friends and family can also easily contribute to ABLE accounts.

Washington State ABLE Savings Plans empower individuals with disabilities to save for qualified expenses and invest in their future.

Learn about the program

Not a Washington State resident?

Check out the national ABLE for ALL Savings Plan

Washington State ABLE Campaign TV Commercial 2019

What is the ABLE Act?

Millions of people with disabilities rely on public benefits and federal programs such as Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), Medicaid, and others for their basic living needs, but even those benefits can be limiting. Those receiving much needed benefits, like SSI, are restricted to having only $2,000 in assets.

The Stephen Beck Jr, Achieving a Better Life Experience Act, known as the ABLE Act, was passed by Congress in 2014 to help people save for the costs of living with a disability and invest for the future in a tax-advantaged investment account without losing benefits.

Who Is eligible?

If you live in Washington State and developed a qualifying disability before the age of 26 you are eligible to open a Washington State ABLE account. If someone can’t open an account themselves, an Authorized Legal Representative (also known as an ALR) can do it for them.

See if you're eligible

You can save and invest up to $18,000 a year (or more if the beneficiary is earning wages from employment) to use towards a wide range of eligible expenses. Also, the account’s growth is tax when withdrawals are used for qualified disability expenses.

Best of all, your benefits won’t be affected, including your Supplemental Security Income (SSI) as long as the account balance stays below $100,000. Your Washington State ABLE account does not affect your eligibility for other needs-based programs including Medicaid.

Explore all the benefits

Your Washington State ABLE account can be easily managed online. Through our secure portal you can manage your account as well as make contributions and withdrawals. There are even options for friends and family to securely add to your account. It has never been easier to plan for your future.

See how it works

Who can contribute?

Did you know that you can make a financial gift to a loved one’s ABLE account? It is quick and easy.

Your gift empowers your loved one with freedom and choice in their financial future. ABLE account owners can save the gifts you generously make for future eligible expenses like assistive technology and equipment, educational pursuits, housing and more. Give more than a gift.

Learn more about gifting

What qualifies as an eligible expense?

The money from the account can be used for everyday needs or an unexpected turn of events. The eligible expenses are geared towards improving health, independence, and quality of life and 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

Find out more about qualified expenses

What makes our program special?

The Washington State legislature established the Washington State ABLE Savings Plan as a way to save for qualified disability expenses, invest for the future, and keep the benefits you rely on every day.

Our mission is to empower everyone with an eligible disability to make decisions with their money, which can positively impact their health, independence, and quality of life, and help them prepare for whatever the future may bring. Our support team will go above and beyond for you. They are highly trained to support and empower beneficiaries. They provide the information and tools you need to be successful with ABLE.

In addition, we’ve partnered with Vestwell, a program manager that offers a simple and intuitive online platform that helps people manage their ABLE accounts and reach their goals.

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