What is an ABLE account?

An ABLE account is a tax-advantaged savings account for people with disabilities that began before age 26 (rising to 46 starting in 2026). It lets them save and invest money without losing eligibility for benefits like Medicaid and Supplemental Security Income, up to certain limits. Earnings grow tax-free when used for qualified disability expenses like housing, education, and healthcare. It's a flexible complement to a special needs trust.