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OK resident benefits
The State of Oklahoma has partnered with the State of Ohio to offer Oklahoma STABLE, a program that offers the STABLE Account Plan to eligible Oklahoma residents. The STABLE Account Plan is established pursuant to Ohio law (Ohio Revised Code §113.50-§113.56) in accordance with Section 529A, and is structured and operated by the Ohio Treasurer's Office and its Service Providers.
Program type
Investment manager
Inception
State agency
Program manager
Manager contract term
State residency requirements:
Who can be a participant/owner in the program?
Program restrictions:
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:
Target-Risk Options:
Bank Money Market Investment / Checking Option:
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
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 eligibility
Medicaid recapture provisions
Is there a debit card/ purchasing card available, and if so, at what cost?
Statutory protection of an account from creditors:
To whom are distributions made payable:
Policy regarding participant/owner changes:
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:
A good place to start:
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