Frequently asked questions
Scroll down to see answers to things we get asked a lot. If you're looking for something specific, enter or choose a keyword below.
- About ABLE
- How the account works
- Opening an account
- Qualified expenses
- Tax info
- What happens to my state and federal benefits?
For Supplemental Security Income (SSI) benefits only, you can have up to $100,000 in the account before the funds start to count against the $2,000 asset limit.
Other federal and Maryland state means-tested benefits are not affected, regardless of the balance in the account.
- Does having an account affect my other benefits?
- You can keep your federal and state benefits (SSI, SSDI, Medicaid, SNAP, TANF, HUD Assistance, Section 8, etc.) with an ABLE account. If you receive SSI, there is a $100,000 limit before Social Security benefits are affected. As long as the money withdrawn is used for eligible expenses, it won’t... Read more
- Will having an account make me ineligible for Medicaid?
No. Having an ABLE account doesn’t count towards your eligibility for Medicaid regardless of the amount in the ABLE account.