Finding the Funds to Save in an ABLE Account

Contribution to ABLE account could be through a direct deposit on payday or by purchasing a Gift of Independence.

If the account owner is also an employee, an employer’s contribution will generally be considered the beneficiary’s income by programs like SSI, Medicaid and the IRS. If the contribution is for an employee’s family member, as designated beneficiary, it would not be considered income to the ABLE account owner.

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Note: Our ABLE Decision Guide Series is designed as an aid to decision making as it relates to establishing and using an ABLE account. This document does not cover every possible issue related to the topic and is not a substitute to more in-depth analysis that may be required in some cases.