What are the benefits?
Earnings on savings are tax-deferred and tax-free when used to pay for qualified expenses.
Financial Benefits Not Affected
Balances and distributions do not affect needs-based financial aid such as Medicaid or SSI.
Subject to some limitations
STABLE Visa Card
Participants can request their own STABLE Visa® Prepaid Card that can be used to spend money on qualified expenses.
Saving & Investing
MAKE EASY DEPOSITS ONLINE
Contribute up to $15,000 per year. If employed, you may be able to contribute up to an additional $12,760 of income.
Choose from among five different investment options, including four mutual fund based investments and one FDIC-insured savings option.
Freedom to change your investment options twice every calendar year.
Qualified ExpensesUse the money in your account to pay for any expense related to your disability — not just medical expenses. Examples of things you can use your ABLE Utah account for:
Basic Living Expenses