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1000 E. University Ave. Dept. 4298
Laramie, WY 82071
Phone: (307) 766-2561
Toll Free: 1-888-989-9463
TTY: (307) 766-2720
Fax: (307) 766-2763
Understanding the ABLE Act
The Achieving a Better Life Experience (ABLE) Act, signed into law on December 19, 2014, gives individuals with disabilities the opportunity to establish tax-deferred savings accounts to maintain their independence, pursue their dreams and contribute to their communities.
ABLE protects current disability and healthcare benefits. In general, ABLE Plan funds would not affect eligibility for Supplemental Security Income (SSI), Medicaid, and other federal means-tested benefits. You are eligible for an ABLE Plan if you are disabled before the age of 26. The implementation details are unclear at this point in time since federal regulations still need to be issued and states need to act as well.
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