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Treasurer Smith Spotlights IAble for Individuals with Disabilities

June 20, 2023

DES MOINES – State Treasurer Roby Smith is highlighting IAble, Iowa’s Achieving a Better Life Experience (ABLE) plan, which helps individuals with disabilities save. “It can be easy to take a checking or savings account for granted, but for individuals with disabilities experiencing restrictive asset caps, the idea can seem too good to be true,” said Smith. “IAble is changing that narrative.”

The money in an IAble account is protected from asset caps placed on federal benefits. Up to $100,000 in an IAble account is disregarded from Supplemental Security Income (SSI) eligibility and any amount saved in an Account is disregarded from eligibility for Medicaid, Supplemental Nutrition Assistance Programs (SNAP), Housing and Urban Development (HUD) and other benefit programs.

“The Plan offers six Investment Options and a Checking Account Option for an Account Owner to choose which route is best for them,” Smith said. “The flexibility of options allows for investing in long-term goals and saving for the short-term, or both!” An Account Owner or the designated Authorized Individual on the Account can choose from one or a mix of all seven options.

Money in an IAble account can be used to pay for groceries, rent, healthcare, transportation, assistive technology and a variety of other Qualified Disability Expenses. The Plan also offers tax advantages, including a tax deduction of up to $3,785 for any Iowa taxpayer making contributions to an IAble account.

Visit to see if you or someone you know is Eligible to save with the Plan. Follow the Treasurer on Instagram, Facebook and Twitter for updates and news. Review the Plan Disclosure Booklet for details about IAble.


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