FAQs
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- Benefits
- Contributions
- Eligibility
- General
- Gifting
- How it Works
- Linking Bank Accounts
- Opening an Account
- Prepaid Card
- Qualified Expenses
- Successors and Estates
- Tax Benefits
- 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?
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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.
- 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
- Can there be more than one Authorized Legal Representative?
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There can only be one Authorized Legal Representative per account, but you can change an ALR by filling out a Change of Authorized Legal Representative Form.
- Can I still work and have an account?
- Yes, the ABLE to Work Act allows beneficiaries who are employed to contribute an amount equal to their current year’s gross income (up to a maximum of $14,580 in 2024) each year to their ABLE accounts in addition to the annual standard contribution limit of $18,000. Here are some rules and... Read more
- How do I know if I’m an Authorized Legal Representative?
- An Authorized Legal Representative is someone who is legally authorized under state and federal law to make decisions for the beneficiary. You’re an Authorized Legal Representative if you are selected by the eligible beneficiary with legal capacity, you have Power of Attorney, are a conservator or... Read more
- Who can open an ABLE account?
- An adult beneficiary with a qualifying disability can open and manage an ABLE account or have an Authorized Legal Representative do it for them. If a beneficiary is under the age of 18, they must have an Authorized Legal Representative (also known as an ALR) do it for them. An ALR must be anyone... Read more