Happy One-Year Anniversary, Maryland ABLE! ›

As Maryland ABLE celebrates its first year of operations there have been 949 people who have opened accounts and saved and invested over $3.9 million dollars since the program opened.   A Few Facts about Maryland ABLE….                               Majority of account holders reside in Montgomery County, Maryland 18 account holders are making additional contributions by taking advantage of the ABLE to Work feature of the program11 account holders  transferred money ...

Plan Disclosure Booklet Material Changes›

Some changes were recently made to our Maryland ABLE Plan Disclosure Booklet. Please refer to the following document to view the material changes: Plan Disclosure Booklet Material ChangesThis supplement amends the Maryland ABLE Program Disclosure Booklet dated July 5, 2018. You should review this information carefully and keep it with your current copy of the Program Disclosure Booklet.

Maryland ABLE announces a lifetime contribution increase! ›

We are excited to announce that beginning December 1, 2018, the lifetime contribution limit for a Maryland ABLE account will increase from $350,000 to $500,000. When the balance of the ABLE account drops below $500,000, you will be able to again make contributions until the balance reaches $500,000.  Please remember that while Maryland ABLE account holders are now able to contribute $500,000 over the lifetime of their account, assets over $100,000 still count toward the Social Security resource limit. Questions? Contact us at 1-855-5MDABLE or via email at questions@marylandable.org.

Legislative Update: The ABLE Age of Adjustment Act (H.R. 1874 / S. 817)›

Thanks to the leadership of Maryland Senator Chris Van Hollen, Senator Richard Burr, Senator Bob Casey, Representative Cathy McMorris Rodgers, Representative Pete Sessions, and former Representative Ander Crenshaw, ABLE accounts across the nation are growing and already providing benefits to thousands of people with disabilities. Recent recommendations from the National Association of State Treasurers (NAST) ABLE Committee would help ABLE programs become more accessible to a wider group of people with disabilities. The ABLE Age of Adjustment Act is intended to increase eligibility based on age of onset of disability from 26 to 46. The passage of the Act would help approximately 6 million additional people open ABLE accounts. This change would also help ABLE programs ...

Can't make it to one of our focus groups? Send us your feedback online! ›

We are close to wrapping up our focus groups for August, but we still want to hear from you! If you aren't able to attend one of our in-person or conference call sessions, follow the link below to complete our online survey. We look forward to receiving your feedback. Maryland ABLE Current & Prospective Account Holder Survey 

Your Opinion Counts! ›

Have an ABLE account? Thinking about opening an ABLE account? Join one of our focus groups to provide your feedback! ABLE is a savings and investment program for people with disabilities, therefore, the opinions of current and prospective accountholders is essential to the success of the program. We are inviting you to participate in focus groups throughout Maryland. These focus groups give participants the opportunity to:Provide feedback on existing account featuresLearn about new features and ask questionsTell us your story and how your ABLE account has helped youLight refreshments will be provided. Each event will last approximately 1.5 hours. The following sessions have been scheduled across the state. To reserve your place, please register using one of the links listed ...

Maryland Achieving a Better Life Experience (ABLE) Program-Modification›

2018 continues to be an exciting year for the Maryland ABLE program! On Wednesday, May 8, 2018, Governor Hogan signed HB 782/SB550 “Maryland Achieving a Better Life Experience (ABLE) Program-Modification.” This bill added features to the Maryland ABLE program that were important to Marylander’s who were interested in opening ABLE accounts. All provisions of this bill become effective on June 1, 2018.Changes to the Medicaid Claw Back ProvisionOf primary importance to people who were interested in opening ABLE accounts was an amendment to the original Maryland ABLE Act’s Medicaid Claw back clause. The bill authorizes, unless prohibited by federal law, the assets in an ABLE account to be transferred, upon the death of a designated beneficiary, to the estate or ABLE account for an ...

Maryland Launches ABLE Program for People with Disabilities›

MARYLAND ABLE OPENS FOR ENROLLMENTBaltimore, MD (November 28, 2017) — Marylanders with disabilities now have a new way to save for the future. Maryland 529 is pleased to announce the launch of Maryland ABLE, an innovative and landmark investment program that offers individuals with disabilities the opportunity to save money without jeopardizing access to federal and state means-tested benefits. The Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014 (“ABLE”) is a federal law which allows states to establish and maintain these accounts. The Maryland ABLE Act was signed into law by Governor Larry Hogan on April 12, 2016.Established in partnership with the State of Oregon and Sumday Administration, LLC, Maryland ABLE is now accepting online enrollment to its diverse financial ...