ABLE Nevada is offered through the National ABLE Alliance. ABLE Nevada is established and administered by the Office of the Nevada State Treasurer in cooperation with the Aging and Disability Services Division of the Department of Health and Human Services. The state's ABLE legislation authorizes the creation of ABLE Nevada within the Aging and Disability Services Division of the Department of Health and Human Services to provide independent living services and assistive technology for persons with disabilities who need independent living services.
- 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 agencyOffice of the Nevada State Treasurer and the Nevada Department of Health and Human Services
- 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