Achieving a Better Life Experience (ABLE)

After the Stephen Beck Jr. Achieving a Better Life Experience (ABLE) Act was passed by Congress in December of 2014, people with eligible disabilities could finally save for their everyday needs, invest in a tax-free account, and prepare for the future without losing their state or federal benefits. The Oregon ABLE Savings Plan was established by a group of self-advocates, nonprofit organizations, and government agencies. This unique program provides eligible residents and their families the resources, support and holistic services to reach their financial goals.

How does ABLE work?

  • In general, money accrued in ABLE accounts will not affect SSI, Medicaid and other federal means-tested benefit programs
  • Earnings on ABLE contributions would be tax-free as long the funds are used for qualified expenses
  • Up to $100,000 would not be counted as a resource for SSI purposes

To learn more about ABLE click here.

Oregon ABLE Learning Series

Oregon ABLE provides several opportunities to learn more about basic money management and financial literacy, the basics of saving with Oregon ABLE, and how to use the ABLE account. Click HERE for more information on these opportunities.