To celebrate ABLE Saving Day, Ohio 529 CollegeAdvantage is spotlighting saving in a STABLE account, an investment and savings program available to eligible individuals with disabilities throughout Ohio and nationwide. It is administered by the Ohio Treasurer of State.
Get ready to celebrate empowerment and financial independence! August is a month of awareness and impact as our friends at STABLE Account are promoting August 14th as National ABLE Savings Day. This exciting nationwide initiative, led by ABLE Today and the National Association of State Treasurers (NAST), shines a spotlight on the life-changing benefits of ABLE savings accounts. These accounts have helped thousands of individuals with disabilities take control of their financial futures, build independence, and plan with confidence. This month offers the perfect time to explore how ABLE accounts, like Ohio’s STABLE Account can open the door to greater financial freedom and peace of mind.
At Ohio 529 CollegeAdvantage, we are proud to join in this celebration by spotlighting STABLE Account, Ohio’s 529 Achieving a Better Life Experience (ABLE) plan. Administered by the Ohio Treasurer of State, STABLE Account is an investment and savings program available to eligible individuals with disabilities throughout Ohio and nationwide.
STABLE Account has been a powerful resource that has helped thousands of individuals with disabilities save, invest and plan their financial journey without jeopardizing important means-tested benefits like Medicaid or Supplemental Security Income (SSI). This program has grown significantly over the last 9 years and remains as committed as ever to empowering individuals with disabilities and their families on the journey to financial independence.
Interested in joining the community of over 48,000 accountholders who are improving their life with STABLE Account? Here are a few key features of the program:
- How much can you save? A new account opened can be funded with up to $19,000 for the 2025 annual limit. The best part is that the contributions don’t have to come solely from the account owner - contributions can come from friends and family members. If the eligible individual is employed, they can add an additional $15,060 to their account under the ABLE to Work provision as well.
- What can the funds be used for? What makes STABLE accounts even more valuable is that the funds can be used for a wide range of expenses supporting short and long-term goals, such as education, medical costs, daily living expenses, travel, and much more.
- Who can benefit from the program? The account is available for individuals with a disability that began or was onset before the age of 26. Effective January 1st, 2026, the age of eligibility will increase to 46, allowing individuals diagnosed with a condition or disability before age 46 to open an account as well. Eligibility is not restricted to children, and adults can open and manage their own accounts. Family members, or an Authorized Legal Representative (ALR) such as a parent, guardian, or organization can open and manage the account on behalf of the individual with the disability as well.
- How do I get started? Signing up is easy and takes just about 20 minutes from the comfort of your home, using an accessible and interactive online platform that makes managing your account simple. Online enrollment is encouraged and can be completed by the individual or a family member at StableAccount.com, but paper form enrollment is available as well.
- An extra boost to your savings journey: As we celebrate STABLE Account’s 9th anniversary, CollegeAdvantage is excited to also highlight the STABLE Account Enrollment Incentive. Launched in April 2024, this initiative offers a $25 match for eligible Ohioans who open a new account and make their first contribution. It’s a meaningful way to kickstart your savings journey!
To learn more about the impact of STABLE Account, hear from their awesome ambassadors, and to enroll, please visit StableAccount.com.
