Hawai‘i 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.
Information on ABLE accounts can be found at:
Internal Revenue Service (ABLE Accounts – Tax Benefit for People with Disabilities)
Hawaiʻi ABLE Savings Program
The Hawai‘i ABLE Savings Program is part of the State of Oregon’s ABLE for ALL Savings Plan network. Partnering with the State of Oregon allows the State of Hawai‘i to offer Hawai‘i residents lower fees and better services than otherwise could have been provided.
Learn more at https://hawaiiablesavings.com/
How can I get more information or sign up for an ABLE Account?
Please visit: https://hawaiiablesavings.com/
Contact the ABLE for ALL Plan network Service Center at: 1-844-394-2253, 6:00 AM-3:00 PM Hawaiʻi time
You may also contact Daintry Bartoldus, Executive Administrator, Hawaiʻi State Council on Developmental Disabilities, Office Phone: (808) 586-8100.
Recognition
The Hawaiʻi ABLE Savings Program was established due to the work of many individuals and organizations. Thank for your leadership and support.
- State Council on Developmental Disabilities
- Sen. Susie Chun Oakland
- Center on Disability Studies
- Hawaiʻi Disability Rights Center
- Special Parent Information Network
- Disability and Communication Access Board
- Executive Office on Aging/Aging and Disability Resource Center
- Hawaiʻi Self Advocacy Advisory Council
- Department of Human Services, Med-Quest Division
- National Down Syndrome Society
Disclaimer
ABLE accounts offered through the Hawaiʻi ABLE Savings Program or ABLE for ALL Savings Plan accounts are not guaranteed by the State of Hawaiʻi or the State of Oregon, any state agency or subdivision thereof, or their authorized agents or affiliates. You could lose money by investing in an ABLE for ALL Savings Plan account. Consider investment objectives, risks, charges and expenses before investing. Before you open an account, you should carefully read and understand the Plan Disclosure Booklet and Participation Agreement.