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FAQs

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What is the Cash Option?
The Cash Option is a conservative alternative to investing. It is most similar to a savings account that you would find at a local bank or credit union. Your assets (up to $250,000) are protected in an FDIC-insured account, which means the federal government guarantees you will not lose the money... Read more
Who owns the account?

If the account is for yourself, the money and funds are yours. If an Authorized Legal Representative (ALR), such as a parent or guardian, opened and managed the account for a beneficiary, the money still belongs to the beneficiary.

Can I transfer an existing ABLE account into my Oregon ABLE Savings Plan?

Yes, you can use the ABLE to ABLE rollover form to get started. Keep in mind that you can make only one rollover every 12 months. An ABLE account can also be rolled over to an eligible member of the family if the rollover happens before the death of the original beneficiary who opened the account.

What is a prepaid card?
Simply put, you add funds to a prepaid card and then use it to make purchases — either online or in-store. With an ABLE Visa® Card, you can: Make purchases everywhere Visa is accepted Add funds from your ABLE account and reload the card as needed Have peace of mind that your funds are FDIC... Read more
Is money on the prepaid card counted as an asset for benefits?

Just like the funds in your ABLE account, the funds on your ABLE Visa® Prepaid Card do not count as an asset for state or federal benefits.

How do I sign up for a card?
In just a few steps you can sign up to receive an ABLE Visa Prepaid Card. After you’ve registered, it takes about 6-8 business days to receive your card in the mail. For any subsequent cards, you may opt to pay for expedited shipping, which takes 2-4 business days. Then, once your card is... Read more
How do I load the card?
The ABLE Visa® Prepaid Card offers a convenient way for beneficiaries and Authorized Legal Representatives (also known as ALRs) to spend funds from their ABLE accounts. Here’s how to fund your ABLE Visa Prepaid Card: Log in to your account at https://oregon-able.vestwell.com/ Once you’ve logged... Read more