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ABLE United

ABLE Accounts encourage individuals with a disability and their families to save private funds to support health, independence, and quality of life. In July 2015, the State of Florida created Florida ABLE, Inc. (d/b/a ABLE United) a registered not-for-profit and direct support organization of the Florida Prepaid College Board to administer the ABLE United Program.

  • Program typeABLE Savings plan
  • Investment ManagerBlackRock, Florida PRIME, The Vanguard Group, Inc., The Northern Trust Company.
  • Inception2016
  • State agencyFlorida Prepaid College Board
  • Program ManagerABLE United

Ratings & Rankings

Our overall rating for FL residents

This is a recent program and does not yet have a 5-Cap Rating assigned.

Our overall rating for non-residents

This is a recent program and does not yet have a 5-Cap Rating assigned.'s 5-Cap Ratings provides an evaluation and comparison of 529 plans, utilizing a formula that examines dozens of factors grouped into the following categories.


State residency requirements:

State residency is only a requirement of the beneficiary at time of application.

Who can be a participant/owner in the program?

An account may be opened by a Florida resident with a qualifying disability or an authorized administrator acting on his/her behalf.

Program restrictions:

To be eligible for an ABLE savings plan, an individual must have been diagnosed with a disability before age 26, and be eligible to receive benefits under Supplemental Security Income (SSI) and/or Social Security Disability Insurance (SSDI). Individuals who are not receiving SSI and/or SSDI may still be eligible if they meet the age requirement and have been diagnosed by a licensed physician and received a letter of certification.

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


Maximum contributions:

The annual contribution limit is equal to the annual gift tax exclusion amount under the Internal Revenue Code, currently $15,000, which is subject to change. There is also a maximum account balance limit of $418,000. However, assets can grow beyond $418,000 due to investment earnings without violating the maximum account balance limit.

Minimum contributions:


Investment Options

Target-Risk Options:

Select among 3 predesigned portfolios: Conservative Portfolio, Moderate Portfolio and Growth Portfolio; or Build your own portfolio: Vanguard U.S. Bond Fund, Vanguard U.S. Stock Fund and BlackRock International Stock Fund

Bank Money Market Investment / Checking Option:

Florida PRIME Money Market Fund

Fees & Expenses

Enrollment or application fee:


Account maintenance fee:

None, additional $10/annually for optional paper correspondence.

Program management fees:


Expenses of the underlying investments:

Ranges from 0.035% to 0.29%, depending on the investment option chosen

Total asset-based expense ratio:

0.035% - 0.29%

Fees or restrictions on the number of disbursements


Taxes and other Benefits

  • Tax deduction for single filersNone
  • Tax deduction for joint filersNone


Florida doesn't offer tax deductions

Program match on contributions:


State tax deduction or credit for contributions:

Not applicable. Florida does not have a personal income tax.

State tax recapture provisions:

Not applicable. Florida does not have a personal income tax.

State tax treatment of qualified distributions:

Not applicable. Florida does not have a personal income tax.

State tax treatment of rollovers:

Not applicable. Florida does not have a personal income tax.

Medicaid eligibility

Funds in an ABLE United account are disregarded for the purposes of determining Medicaid eligibility, even if the account balance exceeds $100,000 and/or SSI benefits are suspended.

Medicaid recapture provisions

If the beneficiary receives Medicaid benefits, upon the death of the beneficiary, a state may request reimbursement for Medicaid benefits paid after establishment of the ABLE United account and after all outstanding qualified disability expenses have been paid.

Is there a debit card/ purchasing card available, and if so, at what cost?

Not at this time.

Statutory protection of an account from creditors:


Want to Boost your Savings?

You could be saving more with gifts from family and friends. CollegeBacker makes it easy to start a 529 plan, and then invite others to contribute for birthday parties, holidays, or even on a monthly basis.

Start saving with family and friends

Distributions & Terminations

To whom are distributions made payable:

A distribution may be made payable to the beneficiary, a custodian or a third party by submitting a request. The individual submitting the request is responsible for providing the correct information about the payee.

Account Changes

Policy regarding participant/owner changes:

During the lifetime of the beneficiary, part or all of the account balance may be transferred to an eligible individual who is a member of the family.

Documents, Access & Reporting

Does participant have online password-protected access to account?


Can the complete enrollment process including funding be done online?


Documents and other services accessible or downloadable on the program's public Web site:





888-524-ABLE (2253)