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Maintain Benefits

Maintain your current benefits.

You don’t have to be receiving public benefits to own an IAble account, but if you are receiving or plan to apply for public benefits, your IAble account can protect you from asset caps.

  • IAble account assets are excluded in determining entitlement to any federal needs-based benefits. This includes programs such as Supplemental Security Income (SSI), Medicaid, Supplemental Nutrition Assistance Programs (SNAP), Housing and Urban Development (HUD) and the Free Application for Federal Student Aid (FAFSA).

  • If you receive SSI, you can save up to $100,000 in your IAble account and still receive your monthly SSI benefits. At $100,000, SSI benefits will be suspended until the Account balance no longer exceeds the resource limit.1

  • Regardless of your Account balance, you'll continue to be eligible for Medicaid. In addition, the Iowa Department of Health and Human Services (the Iowa Medicaid agency) is not permitted to recover benefits from an IAble account upon the death of the Account Owner, except in specific, limited situations. Check with your public benefits specialist about your specific circumstances.

  • Funds you withdraw from your IAble account to use for housing expenses must be spent within the same month you make the withdrawal or your SSI benefits may be affected.


1Please see the Plan Disclosure Booklet for complete details on SSI suspension and any requirements on when you use the funds, to prevent suspension of benefits.
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