Open an ABLE account

The Eligible Individual may open and manage an ABLEnow account independently if they are over the age of 18.

If the Eligible Individual is a minor under the age of 18, is unable to open the account, or chooses to open an account but not exercise signature authority, an individual authorized to act on their behalf may open and manage the account as the Authorized Representative.

An ABLEnow account may be established by the Authorized Representative of an Eligible Individual in the following order of priority:

• Agent under a Power of Attorney, or if none, a
• Conservator or Legal Guardian (of the person and/or property),
• Spouse,
• Parent,
• Sibling,
• Grandparent, or
• Representative payee appointed for the Account Owner by the Social Security Administration (SSA).

By opening an Eligible Individual’s ABLEnow account, the Authorized Representative is self-certifying that there is no other individual with a higher priority who is willing and able to open and manage the ABLEnow account as the Authorized Representative.

Eligible Individuals who require the assistance of a trusted service provider also have the option to designate a Care Representative as their agent with authority to open and manage their account using a Durable Limited Power of Attorney for the specific management of the ABLEnow account.

An Authorized Representative may neither have nor acquire any beneficial interest in the account during the Account Owner’s lifetime and must administer the account for the benefit of the Account Owner.

ABLEnow offers group enrollment options for providers wishing to open and manage three (3) or more ABLEnow accounts on behalf of eligible clients. Visit ABLEnow.com/Group to contact an ABLEnow group enrollment specialist and obtain an onboarding guide.

No. Eligible Individuals may only have one ABLE account at any time.

Open an ABLEnow account online at ABLEnow.com. Simply complete and submit the application by following the step-by-step instructions.

For the Eligible Individual with a disability, the following is required:

• Personal information: name, date of birth, address, Social Security Number, email and phone
• Basis of eligibility under the ABLE Act
• Category of disability under the ABLE Act

If a person other than the Eligible Individual with a disability is opening the account, the following additional information is required from the Authorized Representative:

• Relationship to Account Owner
• Personal information: name, date of birth, address, Social Security Number, email and phone

Authorized Representatives opening an ABLEnow account as the Legal Guardian, Representative Payee, Care Representative, or Attorney in Fact acting under Power of Attorney for the Eligible Individual are required to upload the appropriate legal documentation electronically before being able to contribute or withdraw funds from an ABLEnow account or use the ABLEnow Card:

• Legal Guardian: Submit a copy of the court order or other documentation issued by your state of residence establishing legal guardianship over the person or estate/property of the Designated Beneficiary.
   
• Representative Payee: Submit a copy of your letter from the Social Security Administration (SSA) notifying you of your appointment as Representative Payee for the Designated Beneficiary.
   
• Power of Attorney: As an individual who has been granted authority under a Durable General Power of Attorney, submit a copy of the document that grants you the legal authority/powers to manage the banking and other financial institution transactions of the Designated Beneficiary.
   
• Care Representative: Submit your own Durable Limited Power of Attorney document for specific management of the ABLEnow Account or consider using this Durable Limited Power of Attorney Form provided on the ABLEnow website.

There’s no enrollment fee to open an ABLEnow account.

There is no minimum initial contribution amount or minimum subsequent contribution amount. However, if an ABLEnow account balance remains $0 for several months, the account may be closed due to inactivity.

The monthly account service fee is $3.25. If the Account Owner or Authorized Representative chooses to invest some of the funds in the ABLEnow account, there are also asset-based fees between 0.36% and 0.39%, depending on investment selections.

There may be other fees (such as a returned check fee) based upon account activity. See the Account Fee Schedule for details.

To transfer (rollover) your ABLE account from another state’s program to ABLEnow, open your ABLEnow account. Complete and submit the Program-to-Program Transfer following the form’s step-by-step instructions.

ABLEAmerica is ABLEnow’s partnership with Capital Group, home of American Funds, one of the oldest and largest mutual fund companies in the country. Work with a financial professional to build an ABLE savings plan that meets your specific needs.