Why save with ABLE?

Get special tax advantages
Income earned on ABLE savings will not be taxed. Plus, some states allow for state income tax deductions for contributions made to an ABLE account.

Help grow your savings
ABLE programs offer account owners multiple investment options to help make their savings work harder for them. Plus, most ABLE programs offer a debit card option so account owners can access savings on-demand, at their convenience.

Maintain current benefits
ABLE accounts allow individuals to save without jeopardizing their eligibility for SSI, Medicaid, and other public benefits.

Building a foundation of ABLE savings

Since ABLE programs were just introduced in 2016, savers have only had two years’ worth of contribution opportunities. It’s also important to note that ABLE accounts have an annual contribution maximum of $15,000.

With these two factors in mind, it’s encouraging to see that ABLE account owners have already built a foundation of savings, with average account balances exceeding $4,100 across all age ranges.

ABLE savings are often intended to be used for more near-term needs and resources. For this reason, it’s not surprising to see that average account balances are level across different account owner ages as opposed to increasing with age.

Average ABLE Account Balances

Account Owner Age Range

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Building a more secure future

We saw promising ABLE market growth in 2017 with assets totaling nearly $16,000,000. On average, savers set aside $641 with each contribution. Given that ABLE plans are in their beginning years, such high total assets and average contributions are great signs of future growth.







in total assets



average contribution

Automated methods make saving easier

Automatic saving methods, which include payroll direct deposits and recurring bank contributions, make it easier for savers to contribute to their ABLE account on a frequent basis. Many Ascensus-administered ABLE accounts received automatic contributions in 2017. This data suggests that account owners are saving consistently to build their ABLE funds.



of accounts use automatic saving methods

How do savers access their ABLE funds?

Ascensus offers an integrated checking and debit card option to enable account owners to easily access their ABLE savings. Over a third of ABLE account owners choose to take advantage of this option, demonstrating that families not only use ABLE to build long-term savings, but also to pay for everyday disability-related expenses.



of accounts use the checking option

Giving the gift of savings

Family and friends can pitch in to help ABLE account owners build their balances through our Ugift® service. Gift givers are provided a unique code for the account, which allows contributions to be made easily and securely online or by mail. Ugift has already helped ABLE savers add over half a million dollars to their accounts.


in ABLE gifting contributions

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