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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.

How can I use the money in my account?

You can withdraw money from the account and use it for eligible qualified disability expenses which includes most costs associated with living with a disability. 

See the list of approved categories for more details.

Can I transfer an existing ABLE account into my Maryland ABLE account?
Yes, but you can make only one rollover every 12 months. You can use an ABLE to ABLE Rollover Form to get started. There are also rollover options which would also change the beneficiary to an eligible family member if the rollover happens before the death of the original beneficiary who opened the... Read more
Can I close and transfer my Maryland ABLE account to an ABLE account in another state?

Yes, but you can make only one rollover every 12 months. Use the other ABLE plan’s rollover forms to start the process.

ABLE’s definition of qualifying disability expenses includes “education.” Can I roll my 529 account into an ABLE account?
Assets from a 529 account can be rolled over into an ABLE account, though amounts to be rolled over are subject to the ABLE account annual contribution limit. Current federal law requires such rollovers to be completed by December 31, 2025. To make a direct rollover from a 529 account, the ALR or... Read more
Can my ABLE account move from one state to another?

Yes, you can choose to roll over your account from one state’s program to another.

Does the Medicaid recapture of funds in an ABLE account as described in the Federal ABLE ACT known as “clawback” apply to Maryland ABLE accounts?
As established by the Federal ABLE Act, funds remaining in the account upon the beneficiary’s death may be used to reimburse the state for Medicaid-related services. The amount of any Medicaid payback is calculated based on amounts paid by Medicaid after the creation of the ABLE Account and... Read more
Is there a penalty for closing an ABLE account?

 There is no penalty for closing an account. Please see the Maryland ABLE Program Disclosure Booklet for complete information on closing an ABLE account.

Program Disclosure Booklet

2024 Update to Maryland ABLE User’s Guide

What happens to the account when the beneficiary turns 65?

Nothing changes to the ABLE account when the person turns 65.

What’s the difference between an ABLE account and a Special Needs Trust?
Although both can be established to enable a person with a disability to acquire assets without jeopardizing benefits, it’s important to know that an ABLE account allows the person with the disability to open and manage the account on his/her own. The ABLE account must be used for any qualifying... Read more