IL ABLE is a tax-advantaged 529A savings and investment plan offered by the state of Illinois. The program makes it possible for eligible people with disabilities and their families to save and invest their money for expenses related to living with a disability without jeopardizing public benefits such as SSI, SSDI and Medicaid.

Why IL ABLE? 

• A U.S. household containing an adult with a disability must spend an estimated 28% more of its income to obtain the same standard of living as a household without disability – that translates to needing an additional $17,690 a year at the median household income. 
• Many means-tested public benefits in the U.S. have strict asset and income limits, but do not take into account the additional costs of living with a disability, making it hard for people with disabilities to save.
• IL ABLE Account Owners who work may qualify to contribute additional funds beyond the annual $16,000 contribution limit. 
• IL ABLE Account Owners can save up to $100,000 without impacting SSI (Supplemental Security Income) benefits. 
• Money saved in an IL ABLE account can be used to pay for disability-related expenses such as housing, education, assistive technology, and employment training. 
• Open an account online with as little as $25.With the easy-to-use Ugift® feature, anyone can contribute to your account.

 For more information about Illinois ABLE (the “Member Plan”), call 1-888-609-8683, or visit illinoisable.com.