Ohio House Bill 155 implements the federal ABLE Act in Ohio. The Office of Ohio Treasurer administers STABLE Accounts. STABLE Accounts have been developed pursuant to Section 529A of the Internal Revenue Code of 1986, as amended ("Section 529A"). ABLE plans established and maintained in accordance with Section 529A are intended to be used for the qualified disability expenses of a particular eligible Beneficiary.
- Program typeABLE Savings plan
- Investment ManagerMarquette Associates is the Investment Advisor, and The Vanguard Group and Fifth Third Bank are providers of the investment options.
- State agencyThe Office of the Ohio Treasurer of State
- Program ManagerSumday Administration, LLC
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:
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