NC ABLE ENROLLMENT CHECKLIST

Here’s what you will need to open an NC ABLE Account.

  • 1

    Identifying Pieces of Information for the Account Owner

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    • name, address and date of birth
    • social security number
    • bank account information (optional)
    • driver's license, state-issued or Military ID (if selecting a checking account)

    If you are a guardian, parent, sibling or authorized person opening an account for someone else, you will need to provide the four identifying pieces of information for you and the account owner. You will also need to upload or mail authorizing documentation.

    • name, address and date of birth
    • social security number
    • bank account information (optional)
    • driver's license, state-issued or Military ID (if selecting a checking account)
  • 2

    Self-Certification for Eligibility

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    Identify the basis of eligibility through an easy, online self-certification process.  You will select the Account Owner's disability from a list, the onset of which occurred prior to their 26th birthday.  Only one should be selected. If more than one applies, select the most significant option.

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    • Code 1 - Developmental Disorders: Autistic Spectrum Disorder, Asperger’s Disorder, Developmental Delays and Learning Disabilities
    • Code 2 - Intellectual Disability: May be reported as mild, moderate, or severe intellectual disability
    • Code 3 - Psychiatric Disorders: Schizophrenia, Major depressive disorder, Post-traumatic stress disorder (PTSD), Anorexia nervosa, Attention-deficit/hyperactivity disorder (AD/HD), Bipolar disorder
    • Code 4 - Nervous Disorders: Blindness, Deafness, Cerebral Palsy, Muscular Dystrophy, Spina Bifida Juvenile-onset Huntington’s disease, Multiple sclerosis, Severe sensorineural hearing loss, Congenital cataracts
    • Code 5 - Congenital Anomalies: Chromosomal abnormalities, including Down Syndrome, Osteogenesis imperfecta, Xerodermatic pigmentosum, Spinal muscular atrophy, Fragile X syndrome, Edwards syndrome
    • Code 6 - Respiratory Disorders: Cystic Fibrosis
    • Code 7 - Other: Includes Tetralogy of Fallot, Hypoplastic left heart syndrome, End-stage liver disease, Juvenile-onset rheumatoid arthritis, Sickle cell disease, Hemophilia, and any other disability not listed under Codes 1 - 6

    To be eligible for an ABLE account, the Account Owner’s disability must have begun before the age of 26. The Account Owner must also meet one of the requirements below. Refer to the Plan Disclosure Booklet for a full description of Account eligibility. Please select whichever statement applies best:

    • The Account Owner is receiving SSDI (Social Security Disability Insurance) based on a disability.
    • The Account Owner is receiving or is entitled to SSI (Supplemental Security Income) based on a disability.
    • The Account Owner’s disability is identified on the Social Security Administration’s List of Compassionate Allowances Conditions. The disability causes marked and severe functional limitations.
    • A doctor diagnosed the Account Owner with a physical or mental disability. The disability causes marked and severe functional limitations. It is expected to last for more than 12 months, or is a terminal condition. I will keep a copy of the diagnosis that is signed by a physician who meets the criteria of Section 1861(r)(1) of the Social Security Act and includes the physician’s name and address, as well as the date of the diagnosis. Please DO NOT submit your written disability-related diagnosis, only check this box and keep your diagnosis documentation with you.

     

  • 3

    Select your account type(s).

    Select your account type and investments. You will select one or more investment option and assign a percentage to each account selected for a total of 100%. Please click below to learn more about the investment options.

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    Objective:

    The Investment Option seeks to provide long-term capital appreciation with very low-income potential.

    Strategy:

    The Investment Option invests in two Vanguard stock index funds, two Schwab stock index funds, one iShares stock index fund, three Vanguard bond index funds and one BlackRock bond index fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 90% of its assets to stocks and 10% of its assets to investment-grade bonds.

    Risks:

    The Investment Option has a number of investment-related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors in the Plan Disclosure Statement.

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    Objective:

    The Investment Option seeks to provide long-term capital appreciation with low-income potential.

    Strategy:

    The Investment Option invests in two Vanguard stock index funds, two Schwab stock index funds, one iShares stock index fund, three Vanguard bond index funds and one BlackRock bond index fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 75% of its assets to stocks and 25% of its assets to investment-grade bonds.

    Risks:

    The Investment Option has a number of investment-related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors in the Plan Disclosure Statement.

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    Objective:

    The Investment Option seeks to provide capital appreciation and low current income.

    Strategy:

    The Investment Option invests in two Vanguard stock index funds, two Schwab stock index funds, one iShares stock index fund, three Vanguard bond index funds and one BlackRock bond index fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 60% of its assets to stocks and 40% of its assets to investment-grade bonds.

    Risks:

    The Investment Option has a number of investment-related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors in the Plan Disclosure Statement.

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    Objective:

    The Investment Option primarily seeks to provide capital appreciation and secondarily provide moderate current income.

    Strategy:

    The Investment Option invests in two Vanguard stock index funds, two Schwab stock index funds, one iShares stock index fund, three Vanguard bond index funds and one BlackRock bond index fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 45% of its assets to stocks and 55% of its assets to investment-grade bonds.

    Risks:

    The Investment Option has a number of investment-related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors in the Plan Disclosure Statement.

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    Objective:

    The Investment Option seeks to provide moderate current income and low capital appreciation and moderate capital preservation.

    Strategy:

    The Investment Option invests in two Vanguard stock index funds, two Schwab stock index funds, one iShares stock index fund, three Vanguard bond index funds, one iShares bond index fund and a Sallie Mae High Yield Savings Account. Through its investment in these Underlying Investments, the Investment Option allocates approximately 30% of its assets to stocks, 45% of its assets to investment-grade bonds and 25% to cash.

    Risks:

    The Investment Option has a number of investment-related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors and Sallie Mae High Yield Savings Account – Investment Risks in the Plan Disclosure Statement.

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    Objective:

    The Investment Option seeks to provide substantial capital preservation, limited current income and very low capital appreciation.

    Strategy:

    The Investment Option invests in two Vanguard stock index funds, two Schwab stock index funds, one iShares stock index fund, three Vanguard bond index funds, one iShares bond index fund and a Sallie Mae High Yield Savings Account. Through its investment in these Underlying Investments, the Investment Option allocates approximately 10% of its assets to stocks, 30% of its assets to investment-grade bonds and 60% to cash.

    Risks:

    The Investment Option has a number of investment-related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors and Sallie Mae High Yield Savings Account – Investment Risks in the Plan Disclosure Statement.

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    You can even contribute to an FDIC-insured checking account (through Fifth Third Bank, National Association) that lets you withdraw money using a debit card. So you can easily use your funds for everyday expenses.

  • 4

    How will you fund your account?

     

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    • Automatic and regular contributions from your bank account.
    • A single deposit from your bank account.
    • Deposit from my paycheck
    • Send a check deposit. (A form will print at the end of the online registration.)
  • 5

    Create your username and password.

  • 6

    Open an NC ABLE Account Now.

    Click to get started.

Additional Information

Email: nc.clientservice@savewithable.com

For all general questions: (888) 627-7503, Monday - Friday, 8:00 a.m. - 5:00 p.m. EST.

For questions specific to the Fifth Third Bank Checking Option: 1.888.516.2375, Monday – Friday, 7 a.m. to 8 p.m. EST, Saturday 8:30 a.m. to 5 p.m. EST.