As Florida’s qualified ABLE program, ABLE United allows for the creation of savings and investment accounts without negatively impacting federal benefits such as Supplemental Security Income (SSI) and Medicaid. Like a Roth IRA or a 529 college savings plan, ABLE United is a tax-free savings account that allows individuals to save up to $14,000 per year.
ABLE United offers even more, including the ability to:
- Save affordably: no cost to open, no application fee and no minimum contribution
- Save with the help of family and friends: Anyone can contribute to an ABLE United account
- Save tax free for future qualified expenses: Includes basic living expenses such as housing, transportation and education
Saving for the future is a way of life for many; but for individuals with disabilities, fear of losing benefits has prevented them from considering all their options to build financial security. With ABLE United , individuals with disabilities can now save for a better life experience.