FAQs
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- About ABLE
- ALR
- Benefits
- Contributions
- Eligibility
- Fees
- General
- Gifting
- How it Works
- Linking Bank Accounts
- Opening an Account
- Prepaid Card
- Qualified Expenses
- Successors and Estates
- Tax Info
- Do I have to live in Oregon to open an Oregon ABLE account?
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Yes, you must be an Oregon resident to open an Oregon ABLE Savings Plan account. If you aren’t an Oregon resident, you might consider opening an account with ABLE for ALL, a national savings plan run by the state of Oregon that has many of the same features.
- If I move from Oregon, can I keep my Oregon ABLE account?
- Yes. You can keep your money invested in your account and you can keep contributing to it, too. But, since you will no longer be a state resident, you cannot benefit from the Oregon state income tax credit unless you continue to pay Oregon state income taxes. You also have the option to roll over... Read more
- Who can open an Oregon ABLE account?
- Any adult with a qualifying disability that developed before the age of 26 and resides in the state of Oregon can open and manage an Oregon ABLE account. Oregon ABLE accounts were designed to be managed by the person with a disability. Please note, with the passage of new federal legislation, the... Read more
- What happens if the beneficiary is no longer eligible for an account?
- We recognize that sometimes conditions are considered to be a disability by Social Security, and sometimes they are not. When you no longer qualify for an ABLE account, you should log in to your account dashboard and update your eligibility status from the settings menu. Note: If the beneficiary... Read more
- What type of disabilities qualify for an ABLE account?
- Any disability that meets the criteria for Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI), and developed before the age of 26†, is eligible for an ABLE account. Some of the conditions recognized by the Social Security Administration that could qualify based on the... Read more
- Are there age restrictions to open an ABLE account?
- To open an ABLE account, you must be an adult with a qualifying disability or blindness that developed before the age of 26. Your current age doesn’t impact your eligibility to open an account. Please note, with the passage of new federal legislation, the age of onset for disability will be raised... Read more
