IAble Account Owners are enjoying new, lower fees! Effective July 1, 2022, the Quarterly Account Maintenance Fee was lowered to $8.50 for Account Owners enrolled in electronic delivery statements. For paper statement delivery, the fee was reduced to $14.75.
Recent ABLE regulations expanded the list of Authorized Individuals who can open an ABLE account to make for a much easier enrollment process. No backup documentation is required to prove you have Financial Authority to act on behalf of the ABLE Account Owner, but you must certify under penalties of perjury and notify IAble if your authority expires or is removed.
State Treasurer Michael Fitzgerald is excited to administer IAble, Iowa’s Achieving a Better Life Experience (ABLE) savings plan! With tax-advantaged ways to save for people with disabilities and their families, along with maintaining eligibility for assistance programs, IAble is an empowering plan that Treasurer Fitzgerald is thrilled to share.