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What kind of benefits do I get by opening an ABLE account? ›

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