IABLE is offered through the National ABLE Alliance. The program is sponsored and administered by Michael L. Fitzgerald, Treasurer of the State of Iowa. IAble is part of the Iowa Able Savings Plan Trust, which was created under the state legislation in 2015. IAble, established as an investing vehicle to encourage and make possible savings to secure funding for disability-related expenses on behalf of individuals with disabilities, is designed to qualify for treatment as a qualified ABLE program under Section 529A and any regulations and other guidance issued thereunder.
- Program typeABLE Savings plan
- Investment ManagerUnderlying mutual funds and ETFs managed by BlackRock, Schwab, and Vanguard. Sallie Mae Bank provides the high yield savings account.
- State agencyTreasurer of State of Iowa as Trustee of the Iowa ABLE Savings Plan Trust
- Program ManagerAscensus
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
Bank Money Market Investment / Checking Option:
Fees & Expenses
Enrollment or application fee:
Account maintenance fee:
Program management fees:
Expenses of the underlying investments:
Total asset-based expense ratio:
Fees or restrictions on the number of disbursements
Taxes and other Benefits
Program match on contributions:
State tax deduction or credit for contributions:
State tax recapture provisions:
State tax treatment of qualified distributions:
State tax treatment of rollovers:
Medicaid recapture provisions
Is there a debit card/ purchasing card available, and if so, at what cost?
Statutory protection of an account from creditors:
Distributions & Terminations
To whom are distributions made payable:
Policy regarding participant/owner changes:
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:
Iowa launches IAble plan (01/31/2017)