What are ABLE accounts?

ABLE accounts are tax-advantaged savings programs for eligible people with disabilities. They are established under the name of the beneficiary (i.e. the person with a qualified disability). Each person can only have one ABLE account.

Assets in an ABLE account grow tax-free and can be withdrawn without tax consequences when used for Qualified Disability Expenses.

Funds in an ABLE account not only grow tax-free, but the first $100,000 is disregarded for purposes of calculating the $2,000 asset limit set by Supplemental Security Income (SSI). ABLE account balances are discounted for purposes of eligibility for federal as well as Maryland means-tested programs (e.g. food stamps, HUD, etc.).

Sign Up and Start Saving

Once you are ready to enroll, you can set up your account here online. When opening a Maryland ABLE account, make sure you have ready identifying information about the beneficiary, the qualifying disability, and how the ABLE account will be funded.

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Have specific questions?

Here are a few ways to get answers. You can contact us online, give us a call Monday through Friday, at 1-855-563-2253 from 9am-8pm ET, or you can browse frequently asked questions.

Individuals with speech or hearing disabilities may dial 711 to access Telecommunications Relay Service (TRS) from a telephone or TTY.

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