FAQs
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- ALR
- Benefits
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- Eligibility
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- Gifting
- How it Works
- Linking Bank Accounts
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- Prepaid Card
- Qualified Expenses
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- How can I use the money in my ABLE account?
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You can withdraw money from the account and use it for eligible expenses which cover most costs associated with living with a disability. See the approved categories for more details about qualified expenses.
- Can I use funds to pay for housing or rent?
- You can use money from an ABLE account for housing expenses. Plus, having an ABLE account doesn’t affect other housing benefits, like Section 8. If you’re eligible for Supplemental Security Income (SSI), the money must be used within the month it was withdrawn so it doesn’t affect your SSI... Read more
- What qualifies as an eligible expense?
- There’s a wide range of eligible expenses that cover most costs associated with living with a disability. As long as the expense helps maintain or improve the health, independence, or quality of life of the person living with a disability, it can qualify as an eligible expense. The federal... Read more
- Can I use ABLE funds to pay for a vacation?
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Yes, a vacation does qualify as an eligible expense as long as it can help maintain or improve the health, independence, or quality of life of the person living with a disability.
- What happens if I withdraw money for a non-eligible expense?
- You do not need to have your expenses approved in advance. Eligible expenses include anything that improves or maintains the health, independence, or quality of life of the person with a disability. The federal government acknowledges that each of us has different needs and an idea of what a good... Read more
- How do I prove an eligible expense?
- You do not need to have your expenses approved in advance. Eligible expenses include anything that improves or maintains the health, independence, or quality of life of the person with a disability. The federal government acknowledges that each of us have different needs and an idea of what a good... Read more
