FAQs
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- 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?
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Yes, you have to be an Oregon resident to open an Oregon ABLE Savings Plan account. If you aren’t an Oregon resident, you can open an ABLE for ALL Savings Plan, which has many of the same features.
- Am I eligible for an ABLE account?
- You are eligible for an account if you meet both of these criteria: Your disability impacts you enough that it meets the disability criteria for Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI); AND This disability developed before your 26th birthday. If you do... Read more
- What if I move outside the state?
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Good news: You can keep your Oregon ABLE Savings Plan account if you move out of the state. You can also roll over the account (once every 12 months) to a different state plan or a national plan, like the ABLE for ALL Savings Plan, or to an eligible “Member of the Family.”
- Who can have an account?
- You are eligible for an account if you meet both of these criteria: Your disability impacts you enough that it meets the disability criteria for Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI); AND This disability developed before your 26th birthday. If you do... Read more
- Can I still work and have an account?
- Yes. With the ABLE to Work Act you can even contribute up to an extra $14,580 to your ABLE account if you are working, in addition to the yearly contribution limit of $18,000. Keep in mind that ABLE accounts help protect assets from counting against benefit asset limits. They do not protect against... Read more
- Can I sign up if I live out of state?
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You can enroll in the national ABLE for ALL Savings Plan, which is nationwide. The Oregon ABLE Savings Plan is available only to people living in Oregon with eligible disabilities. You must have a Social Security Number (SSN) or Tax ID Number (TIN) to open an account.
- What happens if the beneficiary is no longer eligible for an account?
- When you no longer qualify, you should log in to your ABLE account, go to settings, and update your eligibility. If the beneficiary meets eligibility requirements for any part of the calendar year, they are considered to be qualified for the entire year. Your account will remain open and the money... Read more
- What type of disabilities qualify for an account?
- Any disability that meets the disability 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... Read more
