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The ABLE ME Program is established and maintained by the Maine State Treasurer and administered by Bangor Savings Bank. The ABLE ME Program is intended to operate as a qualified ABLE program, pursuant to Internal Revenue Code Section 529A, that was adopted as part of The Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014, as amended.

  • Program type
    ABLE Savings Plan
  • Inception
  • State agency
    Maine State Treasurer
  • Program Manager
    Administered by Bangor Savings Bank


State residency requirements:

Who can be a participant/owner in the program?

Program restrictions:

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:

Minimum contributions:

Investment Options

Bank Money Market Investment / Checking Option:

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Fees & Expenses

Account maintenance fee:

Taxes and other Benefits

State tax deduction or credit for contributions:

State definition of qualified expenses

Medicaid eligibility

Medicaid recapture provisions

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

Distributions & Terminations

To whom are distributions made payable:

Account Changes

Policy regarding participant/owner changes:

Documents, Access & Reporting

Can the complete enrollment process including funding be done online?

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




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