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FAQs

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Can I use funds to pay for housing or rent?
You can use money from an ABLE account for housing expenses. Plus, having an ABLE account doesn’t affect other housing benefits, like Section 8. If you’re eligible for Supplemental Security Income (SSI), the money must be used within the month it was withdrawn so it doesn’t affect your SSI... Read more
Who is Vestwell?
The Oregon Treasury Savings Network administers and oversees the Oregon ABLE Savings Plan. Vestwell State Savings, LLC, dba Sumday Administration, is the plan manager for the Oregon ABLE Savings Plan and provides the online platform for the ABLE account. Vestwell Holdings, Inc. is backed by some of... Read more
What qualifies as an eligible expense?
There’s a wide range of eligible expenses that cover most costs associated with living with a disability. As long as the expense helps maintain or improve the health, independence, or quality of life of the person living with a disability, it can qualify as an eligible expense. The federal... Read more
Who can contribute to my account?

Friends, family, and employers can make contributions to your account to help you reach your goals for the account. Learn more about how to make a gift contribution or simply use the Gift Form to get started. 

Learn about gifting

Gift form

How do I choose an investment option?
If you decide to invest all or some of the money, there are three investment options to pick from: ABLE Conservative, ABLE Moderate, and ABLE Aggressive. Each one has its benefits and limitation. We can help educate you on the differences between the three, but we can’t tell you which one to... Read more
How is this different from a Special Needs Trust or Pooled Trust?
An ABLE account won’t replace a Special Needs Trust or Pooled Trust. There are some key differences that are meant to give people with disabilities and their families more options. With an ABLE account: There are fewer expenses than setting up a trust. The beneficiary owns the funds and can... Read more
How do I add money?
Once your bank is connected, you can make a contribution of at least $10 directly into your ABLE account at any time online. It’s easy and secure. You can also set up monthly transfers of at least $10 to add funds automatically each month. It takes 2-7 business days for online transfers to be... Read more
Are there restrictions to open an account?

Your current age doesn’t matter if the disability or blindness developed before you were 26 years old. There’s legislation proposed to raise the age, but for now you can’t open an account if your disability or blindness occurred after age 26.

Can I change my investment option?
Yes, you can change your investment options twice per year. This includes both allocation and investment option changes. If you do make a change to your investment option, we’ll sell your units in the original option and use the proceeds to buy units in the new one. You can make changes in your... Read more
Can I change how my money is allocated?
You can change the allocation of future contributions up to twice per year. Since you can only make investment changes on your account twice a calendar year, including allocation changes and investment option changes, if you change your allocation of future contributions, that counts towards your... Read more