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FAQs

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What is the ABLE Act?
Millions of people with disabilities rely on public benefits and federal programs such as Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), and Medicaid for their basic needs, but this assistance can be limiting. Those receiving much needed benefits, like SSI, are... Read more
Does having an ABLE account affect my other benefits?
No. When saving with an ABLE account, you can keep your federal and state benefits (SSI, SSDI, Medicaid, SNAP, TANF, HUD Assistance, Section 8, etc.). There is a maximum value of $400,000 for each ABLE account, at which point you can still accrue earnings, but you won’t be able to make additional... Read more
Can I use funds to pay for housing or rent?
Yes, you can use the money in your Oregon ABLE account to pay 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 If you’re eligible for Supplemental Security Income (SSI), please note that money withdrawn from your ABLE account must be used... Read more
Who is Vestwell?
The Oregon Treasury Savings Network, part of the Oregon State Treasury, administers and oversees the Oregon ABLE Savings Plan. Vestwell State Savings, LLC, is the plan manager for Oregon ABLE and provides the online platform for ABLE account holders. Vestwell Holdings, Inc. is backed by some of the... Read more
What is considered a “qualified expense”?
Most expenses related to the costs associated with living with a disability qualify as an eligible expense. The expense must simply help maintain or improve the health, independence, or quality of life of the person living with a disability. Some of the most common qualified expenses as defined by... Read more
How is an ABLE account different from a Special Needs Trust or a Pooled Trust?
ABLE accounts, Special Needs Trusts (SNTs), and Pooled Trusts are all financial tools that can help people with disabilities to save money. The best option depends on your situation and goals. An ABLE account won’t replace a Special Needs Trust or a Pooled Trust. Read on for an outline of some key... Read more
What are the fees associated with an account?
The Oregon ABLE Savings Plan aims to keep investment fees relatively low and waive any additional recurring fees when you manage your account online—the easiest and simplest way to manage your account. There is a low annual fee of $35 to keep everything running smoothly. There is also an annual... Read more
Can I open or manage more than one Oregon ABLE account?
A person with a disability may only be the beneficiary of a single ABLE account. However, an individual may manage multiple ABLE accounts for different beneficiaries (i.e. an ABLE account for yourself and your child). If you serve as an Authorized Legal Representative (ALR) you can manage multiple... Read more
If I manage multiple ABLE accounts, can I transfer funds from one ABLE account to another?

No, as a security measure, we do not allow for the transfer of funds from one ABLE account to another ABLE account.

What is ABLE to Work?
People with disabilities can save and invest at least $19,000 a year for a wide range of eligible expenses. For those who are employed, they can save even more with ABLE to Work. Workers with disabilities can save an additional amount up to either (1) $15,060; OR (2) the beneficiary’s wages for the... Read more