Saving for independence and quality of life.
Alabama ABLE Savings Plan is a tax-advantaged saving and spending account designed specifically for individuals with disabilities. The account allows up to $100,000 in savings without impacting eligibility for benefits such as Social Security and Medicaid. Learn more and open an Alabama ABLE account at alabamaable.gov. Get started in just 10 minutes with as little as $25.00.
Authorized by federal law under Section 529A of the Internal Revenue Code, Alabama’s ABLE program was launched by the State Treasurer’s Office in 2017 to support long-term financial stability and independence.
Reference Materials
Access helpful guides, instructional materials, and program overviews to learn more about managing an ABLE account.
Keep Your Disability Benefits and Save for Your Future
ABLE accounts allow individuals with disabilities to save up to $100,000 without the loss of benefits such as SSI and Medicaid.
Contributions to the Alabama ABLE Savings Plan may be tax deductible up to $5,000 per filer on your Alabama State Income Taxes.
Who is Eligible
Any individual who developed a qualifying disability before the age of 46
AND
Is eligible to receive benefits based on disability (SSI or SSDI)
OR
Has a disability certification signed by a physician
Qualified Disability Expenses
- Basic Living Expenses
- Transportation
- Healthcare
- Housing
- Education
- Employment Training and Support
- Assistive Technology
- Financial Management
- Administrative Services
- Legal Fees
- Funeral and Burial Costs
- Other Expenses to Enhance the Account Owner’s Health, Independence, and Quality of Life
Board of Directors
The Alabama ABLE Savings Plan is governed by a board of directors committed to responsible oversight and accountability.
Young Boozer
State Treasurer, Chair
Montgomery, AL
Will Ainsworth
Lt. Governor
Montgomery, AL
Jimmy Baker
Montgomery, AL
Stephen Eberhart
Fort Payne, AL
Daniel Hughes
Montgomery, AL
Charles (Chuck) Karr, Ph.D.
Huntsville, AL
Jack Knight
Birmingham, AL
Jim Purcell
Montgomery, AL
Edward Reifenberg
Montgomery, AL
Ron Stokes
Birmingham, AL
Susan Tully
Guntersville, AL