CalABLE

CalABLE equips you to save for the future without affecting eligibility for public benefits

What is CalABLE?

CalABLE is California’s tax-advantaged savings and investment plan for people with disabilities. CalABLE allows beneficiaries to save up to $19,000 a year in eight professionally managed portfolios, and investment earnings spent on qualified expenses are tax free.

Additionally, beneficiaries who receive Supplemental Security Income (SSI) can save up to $100,000 while maintaining SSI benefits. Accounts can be opened and managed by the person with the disability or by their representative.

With a CalABLE account, you can save for the future and prepare for a lifetime of financial independence.

See how it works

Plan Benefits

Save and invest tax free

Get more of the things you need

No impact on Medi-Cal benefits

Your account is protected

Get more the things you need

Your CalABLE account will not count against your eligibility for federal or California state benefits, unless your account exceeds a balance of $100,000.

Who is eligible?

Be blind or have a medically determinable physical or mental impairment that results in marked and severe functional limitations, and such condition developed before the age of 26 and will last, or has lasted, at least a year;
Have a Social Security number or a tax identification number;
Have a U.S. permanent address that is not a Post Office Box; and
Confirm one of the following:
- Are eligible for Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) because of a disability;
- Experience blindness as determined by the Social Security Act; or
- Have an eligible disability included in the Social Security Administration’s Listing of Impairments or list of Compassionate Allowances Conditions.

In 2022, the U.S. Congress passed the ABLE Age Adjustment Act. This legislation increases the eligibility age of beneficiaries of ABLE accounts from the onset of disability before age 26 to age 46 — beginning January 1, 2026.

Physician Form needs to be completed to obtain a disability diagnosis certification from a licensed health care provider

Form

Authorized Legal Representatives

Beneficiary can choose to have someone else manage their account as an Authorized Legal Representative (ALR)

ALRs are encouraged to use supported decision-making and include the person with a disability as much as possible. The money in an ABLE account will always belong to the beneficiary, no matter who opens the account or manages the funds.

Eligibility Screener

Want to know if you can open an account?

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Picking Investment Option

There are eight types of financial portfolios to pick from:

Income Portfolio
Conservative Portfolio
Income and Growth Portfolio
Balanced Portfolio
Conservative Growth Portfolio
Moderate Growth Portfolio
Growth Portfolio
FDIC Insured Portfolio

Each investment option has its own benefits and limitations. CalABLE provides a mix of options so you can find the one that is the right fit for you.

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Opening an Account

Getting started with CalABLE is fast and easy. We’ll ask for some information about the beneficiary, the qualifying disability, and how the account will be funded. To complete the setup, you’ll customize your account and make decisions about the money you deposit.

You’ll need to make an initial deposit of at least $25 to get started and a $1 minimum for any contribution after that. You can save money in a cash option and/or invest it in any of the program’s investment options. The choice is up to you.

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Adding Money

Adding money to your account is simple and intuitive. Your bank account is securely connected to the CalABLE account to protect your information. You can add money whenever you want, even as little as $1 at a time, to help you reach the $19,000 yearly maximum.

One-time contributions
Recurring contributions
Savings Boosters
SSA direct deposit

Payroll direct deposit
ABLE to Work
Gifting
Tax credits

Learn More

Qualified Expenses

A CalABLE account lets you build up savings that can help you live your best life. Some examples of expenses eligible for payment from a CalABLE account include: