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Save money while protecting benefits.

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There's no limit to what people with disabilities can do. Now, that includes saving, too.

With INvestABLE Indiana, save for qualified disability expenses without losing eligibility for certain assistance programs, like SSI and Medicaid. Applying takes only 15 minutes - Start saving, check eligibility and apply today.

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Plan highlights:

Save with special tax advantages. Earnings on investments are federally tax-deferred and tax-free, if used for qualified disability expenses.1 This can help savings compound, earning returns on returns.

Maintain your current benefits.

  • Balances of $100,000 or less are excluded from your SSI resource limit.
  • Only the amount OVER $100,000 is counted against your limit, along with assets held in non-ABLE accounts.
  • If the account causes holders to exceed the SSI resource limit, then SSI benefits will be suspended until the account balance no longer exceeds the resource limit.2
  • Continue to be eligible for Medicaid, regardless of account balance.3

Apply Now

 

Eligible individuals can open an account for themselves, or an authorized individual can open an account on their behalf. Requirements that individuals with disabilities must meet are listed below.

You're eligible if:

  • Your disability was present before the age of 26; and
  • One of the following is true:
    • You are eligible for SSI or SSDI because of a disability
    • You experience blindness as determined by the Social Security Act; OR
    • You have a similarly severe disability with a written diagnosis from a licensed physician that can be produced if requested.

You must self-certify that you have one of the following:

  • Blindness as defined by the Social Security Act (SSA); OR
  • A medically determinable physical or mental impairment with marked severed function limitation that has lasted, or is expected to last, at least 12 continuous months or result in death;
    • AND you must have a written disability-related diagnosis signed by a physician.

You must re-certify annually.

(Proof of eligibility is not required to open an account. However, you should maintain a record of your diagnosis, benefits verification letter or other relevant documents in the event that you are required to prove eligibility at a later time.)

Qualified Disability Expenses are ANY expenses incurred as a result of living with a disability and are intended to improve your quality of life.

Qualified expenses include, but are not limited to, costs for:

  • Education
  • Health and wellness
  • Housing
  • Transportation
  • Legal fees
  • Financial management
  • Employment training and support
  • Assistive technology
  • Personal support services
  • Oversight and monitoring
  • Funeral and burial expenses

Open an account in minutes.

Just tell us a little bit about yourself and select your investments. That's it. You can easily access your account at any time, from a PC, tablet, or mobile device. Plus, you can get started with as little as $25.

Open an account on someone's behalf.

The list of authorized individuals who can open an ABLE account has expanded in recent months. If you have Power of Attorney and are opening an account on someone's behalf, please include your documentation as part of the enrollment or complete and return a POA Form. For other types of Authorized Individuals, there is no requirement to submit documentation to prove that you have Financial Authority to act on behalf of the ABLE Account Owner, making for a much easier enrollment process. Consult the Plan Disclosure Documents for more information on Authorized Individuals.

Ways to contribute:

  • Check
  • Electronic Funds Transfer (EFT)
  • Payroll Direct Deposit
  • Recurring Contributions
  • Ugift

Make withdrawals easily.

With INvestABLE Indiana, you can access your savings by:

  • Initiating a transaction online at in.savewithable.com
  • Calling us
  • Mailing in a paper form
  • Using a debit card or check, when you contribute to the Fifth Third Bank checking option

Apply Now

Get Started

1Earnings on non-qualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as applicable state and local income taxes.

2Please see the Plan Disclosure Documents for complete details on SSI suspension and any requirements on when you use the funds, to prevent suspension of benefits.

3Please note that following the death of the account owner, the state Medicaid plan may file a claim against the Account Owner or the Account itself for medical assistance paid under the state's Medicaid plan after the establishment of the account. Please see the Plan Disclosure Documents for more information.