American Funds offers ABLEAmerica, the first ABLE plan available through financial advisors for individuals with disabilities and their families.
- Program typeABLE Savings Plan
- Investment ManagerAmerican Funds
- State agencyVirginia529
- Program ManagerAmerican Funds Service Company, American Funds Distributors and Capital Research and Management Company
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