FAQs
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- 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
- Are there restrictions to open an account?
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Your current age doesn’t matter if the disability or blindness developed before you were 26 years old. There’s legislation proposed to raise the age, but for now you can’t open an account if your disability or blindness occurred after age 26.
- Can I open and/or manage more than one ABLE account?
- A person with a disability can own only one ABLE account. You can serve as an Authorized Legal Representative and manage multiple ABLE accounts (for different beneficiaries) from the same account login. Each ABLE account can be connected to one or more bank accounts. Since we also manage the Oregon... Read more
- How do I add another ABLE account?
- You can own only one ABLE account at a time. However, you can manage multiple ABLE accounts. (For example: a parent who needs an ABLE account for himself and another one for his daughter.) You can add a new account in two ways. Logged out, from the sign-up page: Go to the Oregon ABLE home page to... Read more
- Can I enroll and manage an ABLE account with a paper form?
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The easiest and fastest way to enroll for and manage an ABLE account is online. If you want to use paper forms for enrollment or managing your account, you can find those forms here.
- Can I open a new Oregon ABLE Savings Plan account if my previous Oregon ABLE Savings Plan account was closed?
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Yes, log in to your closed account using your email and password, then find the “Create new account” link to get started.
- How do I open an account?
- It takes only 10 minutes to open an account online. You (or your Authorized Legal Representative) will need to have some basic information handy. Once you’ve been verified, you’ll set up the account details by: Creating a login; Connecting a bank account; and then Selecting the Cash Option... Read more
- What do I need to open an account?
- Make sure you have this information handy: Your email; Your date of birth; Social Security Number or Tax Identification Number; and Contact details. If you’re an Authorized Legal Representative, you’ll need the same information as the beneficiary’s, plus your work status. You may also need... Read more
- Is there a minimum to open an account?
- You have to add at least $25 to get the account started. After that, you can add as little as $10 at any time. Money can be added to the cash option and/or invested. If you decide to make an investment, at least 10% of your total funds need to be invested in one of the three investment options:... Read more
- Can a Social Security Representative Payee open an ABLE account for a beneficiary?
- If you’re an eligible beneficiary with a Representative Payee, you can open an account for yourself. To have a Representative Payee open an account for you, they must meet the requirements of an Authorized Legal Representative (anyone who is selected by the eligible beneficiary with legal capacity,... Read more
- Who can open an ABLE account for an eligible beneficiary?
- An adult beneficiary with a qualifying disability can open and manage an ABLE account. If a beneficiary is under the age of 18 or unable to open an account on their own, they must have an Authorized Legal Representative (also known as an ALR) do it for them. An ALR must be Power of Attorney, the... Read more
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