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Can I be over the age of 26 and open an ABLE account?
Yes. You can be over the age of 26, but must be able to self-certify, or provide a disability certification, that your qualifying disability started before your 26th birthday.
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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.
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Can I connect more than one bank account or type of account?
Yes, you can connect more than one bank account as well as multiple types of bank accounts. Each account and type will need to be connected individually, but you can have both savings and checking accounts linked to your account at one time. The Account Owner/Custodian or Beneficiary must own the...
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Can I enroll and manage a Maryland ABLE account with a paper form?
The easiest, fastest way to enroll for and manage a Maryland ABLE account is online. If you want to use paper forms for enrollment or managing your account, you can find those forms here.
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Can I make direct deposits into an ABLE account?
Users can contribute to their accounts using fast, secure direct deposits from either the Social Security Administration or their paycheck. Complete the setup process in three simple steps: Log in to your ABLE account and click on “Direct Deposit” on the Total Balance tile Enter your information...
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Can I open a new account if my previous account was closed?
Yes, log in to your closed account using your email and password, then find the “Create new account” link to get started.
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Can I open and/or manage more than one Maryland ABLE account?
Yes, you can open and manage multiple accounts for beneficiaries if you are their Authorized Legal Representative. Remember that each beneficiary can have only one ABLE account open at a time. Each Maryland ABLE account can be connected to one or more bank accounts.
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Can I roll over a 529 College Savings Plan into my ABLE account?
Yes, you can roll over money from a 529 college savings account into a beneficiary’s (or family member’s*) ABLE account without being penalized. There is a $17,000 rollover limit (less the current tax-year ABLE contributions). You can use the appropriate 529 College Savings to ABLE Rollover...
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Can I still work and have an account?
You can still work and have a Maryland ABLE account, but there are some rules and guidelines you should know about.
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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...
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Sign up and start saving
Once you are ready to enroll, you can set up your account here online. When opening a Maryland ABLE account, make sure you have ready identifying information about the beneficiary, the qualifying disability, and how the ABLE account will be funded.
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Have Specific Questions?
Here are a few ways to get answers. You can contact us online, give us a call Monday through Friday, at 1-855-563-2253 from 9am-8pm ET, or you can browse frequently asked questions.
Individuals with speech or hearing disabilities may dial 711 to access Telecommunications Relay Service (TRS) from a telephone or TTY.