What is a STABLE account?

A STABLE account is a savings and investment account available to eligible individuals with disabilities. STABLE accounts are made possible by the federal Achieving a Better Life Experience (“ABLE”) Act. These accounts allow individuals living with disabilities to save and invest money without losing eligibility for certain public benefits programs, like Medicaid or Supplemental Security Income (SSI). Earnings in your STABLE account are not subject to federal income tax, so long as you spend them on qualified disability expenses.