What is an Achieving a Better Life Experience (ABLE) account used for?
Achieving a Better Life Experience (ABLE) accounts allow individuals with disabilities to save and invest money without losing eligibility for certain public benefits programs, such as Medicaid, Supplemental Security Income (SSI), or Social Security Disability Insurance (SSDI). Earnings in your ABLE account are not subject to federal income tax, as long as you spend them on qualified disability expenses.