One of the main benefits of having an ABLE account is being able to save for eligible expenses and invest for the future in a tax-advantaged account. As long as your balance stays below the $100,000 SSI limit, you can keep your SSI benefits and still qualify for Medicaid and other federal benefits (regardless of the amount saved in your account). You'll also get access to a simple and intuitive online platform to manage your account.
Best of all, the account grows tax free in addition to receiving state tax benefits for ABLE accounts and 529 plan accounts. For 2019, the deduction is $4,865 for taxpayers filing jointly and $2,435 for single filers.