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FAQs

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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 Supplemental Security Income (SSI) limit, you can keep your SSI... Read more
Does having an account affect my other benefits?
No. You can keep your federal and state benefits (SSI, SSDI, Medicaid, SNAP, TANF, HUD Assistance, Section 8, etc.) with an ABLE account. If you receive SSI, there is a $100,000 limit before funds start counting against your $2,000 asset limit. As long as the money withdrawn is used for eligible... Read more
How do I set up SSA direct deposits?
Complete the setup process in three simple steps: Log in to your ABLE account and click on “Direct Deposit” on the Total Balance tile. Or, once logged in, go to “Transfers > Direct Deposit.” Enter your information and retrieve your direct deposit details that can be provided to the SSA —... Read more
What if I already receive direct deposit payments from the SSA in a different account?

To switch the account you receive your direct deposits in, you will need to update your settings with the SSA. You can update your deposit settings in your Social Security account here.

Update direct deposit

Who do I contact for help with SSA direct deposits?

If you need help updating your ABLE account settings or finding your account number, contact us here.

For help updating your direct deposit information with the SSA, you can reach out to their team here.

Am I eligible for an ABLE account?
You are eligible to open a Washington State ABLE account if you are a resident of Washington State and meet one of the following: A disability must be present before age 26, and you must be entitled to Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) because of... Read more
What types of disabilities qualify for an account?
Any disability that qualifies for Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) or blindness that developed before the age of 26 is eligible for an ABLE account. Some of the conditions recognized by the Social Security Administration that could qualify based on... Read more
Do I have to live in Washington State?

Yes, you have to be a Washington State resident to have a Washington State ABLE Savings Plan account. If you don’t live in Washington State, you can open an ABLE for ALL Savings Plan account instead; it has similar benefits and is available to all eligible U.S. citizens.

Learn about ABLE for All

Can I transfer an existing ABLE account into my Washington State ABLE Savings Plan?
Yes, you can use the ABLE to ABLE Rollover Form to get started. Keep in mind that you can only make one rollover every 12 months and can have only one ABLE account at a time.  You are allowed 60 days to rollover your assets from one ABLE account to another. An ABLE account can also be rolled over... Read more
Can I close and transfer my Washington State ABLE Savings Plan to a different ABLE account?
Yes, but you can only make one rollover every 12 months and can have only one ABLE account at a time. You are allowed 60 days to rollover your assets from one ABLE account to another. Use the other ABLE plan’s rollover forms to start the process. If you’re looking for a national plan available to... Read more