FAQs
Answers at your fingertips
You can scroll through the FAQs, search, or click a category button to filter them.
- ALR
- Benefits
- Contributions
- Eligibility
- Fees
- General
- Gifting
- How it Works
- Linking Bank Accounts
- Opening an Account
- Prepaid Card
- Qualified Expenses
- Successors and Estates
- Tax Info
- What is ABLE to Work?
- Employed people with disabilities can save more than the annual contribution limit thanks to ABLE to Work. For 2025, they can save $19,000 as a standard contribution. With ABLE to Work, they can save an additional amount up to either (1) $15,060; OR (2) the beneficiary’s wages for the year –... Read more
- Can I make a direct deposit into an ABLE account?
- Users can contribute to their accounts using fast, secure direct deposits from either the Social Security Administration or their paycheck. Complete the setup process in three simple steps: Log in to your ABLE account and click on “Direct Deposit” on the Total Balance tile. Or, once logged in, go... Read more
- Why is there an extra fee for the ABLE Prepaid Card?
- We know our ABLE savers use their accounts differently from one another. Some are using their accounts to pay for their everyday living expenses. Others are saving up for larger purchases, like a down payment, that will take years of saving to achieve. We decided not to wrap the ABLE Prepaid Card... Read more
- Do my ABLE savings affect my FAFSA?
-
Nope. Money saved in an ABLE account does not count as an asset on your Free Application for Federal Student Aid (FAFSA). Plus, your ABLE account can help you pay for those education expenses.
- How long do transfers take?
- It takes 2-3 business days to transfer funds between your ABLE account’s Cash Option and your bank account. It takes 5-7 business days to transfer funds between your ABLE account’s investment options and your bank account. For existing ABLE Prepaid Card customers, funding scheduled before 4 pm PT... Read more
- Can organizations manage an ABLE account?
- Yes. We have a new process that allows organizations (like service providers, professional guardians, or representative payees) to act as Authorized Legal Representative (ALR) manage multiple Oregon ABLE accounts. It is up to the person with a disability to decide if they want an organization to... Read more
- Are contributions considered to be an asset?
- The money in the account isn’t considered to be an asset for state and federal benefit purposes. This includes SSI, Medicaid, HUD housing assistance, SNAP, FAFSA applications, and more. For Supplemental Security Income (SSI) benefits only, you can have up to $100,000 in the account before the funds... Read more
- What’s the difference between an investment and saving in a Cash Option?
- Money saved in the Cash Option could earn minimal interest. The numbers will fluctuate slightly based on the federal interest rate. Money saved in the Cash Option is FDIC-insured up to $250,000, which means the money you save will be there when you want to take it out. It takes 2-3 business days to... Read more
- What is the Cash Option?
- The Cash Option is a conservative alternative to investing. It is most similar to a savings account that you would find at a local bank or credit union. Your assets (up to $250,000) are protected in an FDIC-insured account, which means the federal government guarantees you will not lose the money... Read more
