FAQs
Answers at your fingertips
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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
- 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
- How do I add another ABLE account?
- If you’re an Authorized Legal Representative of more than one beneficiary, you can open an account for a new beneficiary from your account in a few steps. Once you’re signed into your ABLE account, look for the “Add account” link in the upper right corner of the screen, or in the menu on mobile.... Read more
- What do I need to open an account?
- If you’re the beneficiary of the account, make sure you have this information handy: Your email Your date of birth Social Security Number (SSN) or Tax Identification Number Contact details Proof of eligibility If you’re an Authorized Legal Representative, you’ll need your information (email,... Read more
- Are there age restrictions to open an account?
- As long as the disability or blindness developed before the age of 26, there are no age restrictions. There’s legislation proposed to raise that age, but for now you can’t open an account if the onset of your disability or blindness occurred after age 26. An adult beneficiary can open an ABLE... Read more
- How much does it cost to open an account?
- Opening an ABLE account doesn’t cost anything, but you’ll need to make an initial contribution of at least $25 to get it started. There are some fees that help us provide and manage the accounts. Additional fees are added based on how you use the account: $10 per year when you choose to opt out of... Read more
- What are the fees?
- There are some fees to keep the account up and running. There is an annual flat fee will be $35 prorated quarterly and billed directly to your account at the end of each calendar quarter. Plus, there’s an annual administrative fee of 0.30% to 0.38% of the account’s balance and fees for the... Read more
- Can I enroll and manage a Washington State ABLE account with a paper form?
- Yes, however the easiest, fastest way to enroll and manage an ABLE account is online. If you want to use paper forms for enrollment or managing your account, you can find those forms here. Please note that if you choose to receive statements in paper form, there will be a $10 per year fee charged... Read more
- Is there a minimum contribution to open a Washington State ABLE account?
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You have to contribute at least $25 to open your Washington State ABLE account. After that, you can add as little as $10 at any time.