Welcome to NC ABLE

Savings & Investment Accounts for People with Disabilities

Save Without Impacting Eligibility for Public Benefits Like SSI and Medicaid

Achieving a Better Life Experience (ABLE) accounts are designed for people of all ages with the occurrence of disability before the age of 26. The NC ABLE Program allows eligible individuals the opportunity to save and fund a variety of qualified disability expenses while maintaining Medicaid, SSI1 and other public supports.

Who can open an account

NC ABLE accounts can be opened by an eligible individual, who is the account owner, or by the account owner’s parent, guardian, or person acting under a power of attorney.

Eligibility

NC ABLE accounts are open to eligible individuals across the US and can be funded by the account owner, family, or friends. In some cases, funds can also be transferred to an NC ABLE account from a 529 college savings account.

Contributions to an NC ABLE account

Account owners can contribute up to $18,000 per year to an NC ABLE account, and individuals who qualify for the NC ABLE Program have a greater annual allowance for contributions to their account with the ABLE-to-Work provision.

Governance

Overseen by the Department of State Treasurer and the Board of Trustees, NC ABLE currently has over 2,500 account holders with over $28 million in assets and an average account balance of more than $12,000 as of June 30, 2024.

NC ABLE Enrollment Checklist

The NC ABLE Enrollment Checklist outlines what you need to open an NC ABLE account for yourself or someone else.

NC ABLE Fees Disclosure

NC ABLE Program Fees Disclosure Statement as of July 24, 2024

Open an NC ABLE Account Now

Ready to open your NC ABLE account? Click here to get started.


1 ABLE account balances up to $100,000 are excluded from assets for the purpose of determining SSI eligibility.