Enable Savings Plan Alabama
Enable Alabama is issued by The Nebraska Achieving a Better Life Experience Program Trust and administered by the Nebraska State Treasurer, who serves as trustee to the plan. The plan offers a series of investment options within the Nebraska Achieving a Better Life Experience Program Trust.
- Program typeABLE Savings plan
- Investment ManagerNebraska Investment Council
- State agencyAlabama State Treasurer
- Program ManagerFirst National Bank of Omaha
- Program distributorFirst National Capital Markets
State residency requirements:
Who can be a participant/owner in the program?
Did you know?
The plan can be used to pay for qualified disability expenses.
This can include education, job training and support, healthcare and financial management.
Savings in an ABLE account will not impact eligibility to receive government benefits.
The first $100,000 is exempt from the Supplemental Security Income limit, and beneficiaries will continue to receive Medicaid regardless of account size.
Residents are not limited to investing in their own state’s ABLE plan.
Another state may offer a plan with better suited investment options, lower fees or preferred features.
Visit this plan’s website to learn more