Think College Fast Fact #28 describes the ABLE Act passed in 2014, and explains that through the passage of this Act, people with disabilities have the opportunity to open tax-advantaged savings accounts. This national public policy recognized the significant costs and extra expenses associated with living with a disability and opened the door to saving without impacting eligibility for means-tested benefits, such as SSI and Medicaid. This version was updated in 2025 to reflect the most recent information available and websites were added to make the resource more long-lasting.
A plain language version of this document is available here.
Buonfiglio, M. (2025). Achieving a Better Life Experience (ABLE): Savings Accounts for People with Disabilities, updated 2025. Think College Fast Facts, Issue No. 28. Boston, MA: University of Massachusetts Boston, Institute for Community Inclusion.