Hawai‘i ABLE Savings Program

Hawai‘i ABLE Savings Program

Honu (turtle) swimming in blue water: Hawaii ABLE Savings Program

What are ABLE accounts?

The Achieving a Better Life Experience (ABLE) Act of 2014 allows states to create tax-advantaged savings programs for eligible people with disabilities (designated beneficiaries). Funds from these 529A ABLE accounts can help designated beneficiaries pay for qualified disability expenses. Distributions from ABLE accounts are tax-free if used for qualified disability expenses. ABLE accounts allow people with qualifying disabilities to save money without losing their state and federal benefits. Money saved in ABLE accounts does not count against asset limits in some federal programs, for example for Supplemental Security Income (SSI) and Medicaid.

Hawaiʻi ABLE Savings Program Webinars

Please sign up for a Hawai‘i ABLE Savings Program Webinar by clicking on a link below. Hawai‘i ABLE Webinars are held the last Wednesday of each month from 12-1 PM (HST).