IAble: Empowering Your Future with New Options and Opportunities
Save beyond the $2,000 asset cap.
IAble gives individuals with disabilities the chance to achieve financial freedom. How? The assets in an IAble account are disregarded from the asset cap placed on eligibility for federal means-tested benefit programs, which means account owners can maintain their benefits and save money, too.
Medicaid and More
Any amount saved in an IAble account is disregarded from eligibility for:
Supplemental Security Income
The first $100,000 saved in an IAble account is disregarded from eligibility for Supplemental Security Income (SSI). Funds over $100,000 are treated as a resource.
At least two criteria must be met to be eligible for an IAble account.
To be eligible for an IAble account, the individual must:
AND
An eligible individual can open an account for themselves, or an authorized individual can open an account on their behalf.
Mix and match to make your perfect fit.
IAble account owners can choose from the checking account option and the seven risk-based investment options, or a mix of up to all eight options.
Checking Account Option
Complete with a debit card, check writing, mobile banking and more, the checking account option provides a flexible way to pay for everyday expenses or save money for the future.
Risk-Based Investments
From aggressive to conservative, and even a money-market option, the IAble investment options can help account owners match their goals and their comfort level with risk.
Check out our What Kind of Investor Are You? page for a simple set of questions to consider before making an investment choice.
Expenses as unique as you are.
Every individual has different expenses that help them achieve their best life experience. That’s why the definition of qualified disability expenses was intentionally left broad. Some categories include:
Housing
Food
Transportation
Job coaching
Healthcare
Assistive technology
The cherry on top.
Although it’s not usually the #1 reason people are opening an IAble account (hard to beat saving money without jeopardizing public benefits), the tax advantages are the cherry on top.
Account owners will not pay federal or Iowa state taxes on withdrawals for qualified disability expenses, and any Iowa taxpayer can take a state income tax deduction for their contributions.
State Treasurer Roby Smith is excited to announce fee reductions...
DES MOINES – State Treasurer Roby Smith is sharing information...
DES MOINES – State Treasurer Roby Smith announces two updates...
For more information about IAble, obtain a Plan Disclosure Booklet online or by calling (888) 609-8910. Investment objectives, risks, charges, expenses, eligibility and other important information are included in the Plan Disclosure Booklet; read and consider it carefully before investing.
If you are not an Iowa taxpayer, consider before investing whether your home state offers a qualified ABLE program that provides its taxpayers with favorable state tax and other benefits that are only available through investment in the home state's qualified ABLE program.
The Treasurer of the State of Iowa acts as trustee of the ABLE Savings Plan Trust, which is administered by the Iowa State Treasurer’s Office. IAble is a qualified ABLE plan offered as part of the National ABLE Alliance. Ascensus College Savings Recordkeeping Services, LLC as the Program Manager, and its affiliates, have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping, and administrative services. IAble offers a series of Investment Options within the National ABLE Alliance. Investment returns are not guaranteed, and you could lose money by investing in IAble.
