ABLEnow provides Virginians with disabilities with an easy way to save money.

Virginia Department of Medical Assistance Services sent this bulletin at 08/11/2020 10:05 AM EDT

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Virginia Department of Medical Assistance Services
ABLENow - Virginia's disability savings program

What is ABLEnow?

ABLEnow provides eligible Virginians with disabilities a better way to save money for today’s needs or invest for tomorrow. ABLEnow accounts:

  • Do not cause a loss of certain disability benefits, such as Medicaid and SSI.
  • Can accept funds from anyone: the account owner, family and friends.
  • Offer tax advantages for Virginians.
  • May be used to pay for many qualified disability expenses.
  • Are run by Virginia529, an independent Virginia state agency.

You can save all or some of your federal CARES Act stimulus payment in an ABLEnow account.  

Who is Eligible?

Individuals who developed disabilities before the age of 26 may be eligible to open an ABLEnow account. Take the online eligibility quiz to see if you or someone you know qualifies.

Ready to Learn More?

Open an account. With no enrollment fee and no minimum contribution, get started today and see how big a difference ABLEnow can make.

 

Get Started

Call 1-844-NOW-ABLE or visit able-now.com to obtain information on the program. Seek the advice of a professional concerning any financial, tax, benefits or legal implications related to opening an account. Participating in ABLEnow involves investment risk including the possible loss of principal. ABLEnow is administered by Virginia College Savings Plan. For non-Virginia residents: other states may sponsor an ABLE plan that offers state tax or other benefits not available through ABLEnow. ©2020 Virginia College Savings Plan. All Rights Reserved.