Program Name: NY ABLE Program
Program Manager: N/A
Program Investment Institution: N/A
Total Annual Contribution Limit: $14,000
Account Limit: $375,000
Additional Information: S 6397 will amend SB 4472 and some details regarding New York ABLE account ownership, contributions, and distributions. The bill was amended on 2/2/16 during its third reading.
If your state has not yet passed ABLE legislation allowing for the development of an ABLE program, we encourage you to contact your state legislator to inform them about the program’s benefits. It is important that your state legislator understands that passing ABLE legislation allows individuals with disabilities in their state to save for their future, a near impossible task prior to this law. For more information on how to find and contact your state legislator, please click on the link below.