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ABLE ACCOUNTS

ISSUE DATE: 08/2017

ABLE (Achieving a Better Life Experience) accounts allow people with disabilities who meet the eligibility requirements below to save money to pay for disability-related expenses.

A person who became blind or disabled BEFORE age 26 (as certified by the Social Security Administration, the State Medical Review Team, or a doctor’s statement) is eligible to establish an ABLE account.

A person with a disability can establish an ABLE account in any state that has an ABLE program, including Minnesota.

The disabled person is called the “designated beneficiary” of an ABLE account. A designated beneficiary can only have one ABLE account.

Total annual contributions to an ABLE account are limited to $14,000. This limit is annually adjusted for inflation. Contributions to an ABLE account can be made by the designated beneficiary or others.

The maximum total account balance of an ABLE account is $350,000.

Designated beneficiaries of an ABLE account (or their legal guardian or someone with power of attorney) can withdraw funds from an ABLE account to pay for “qualified disability expenses.” These include, but are not limited to: expenses for education, housing, transportation, employment training and support, assistive technology and personal support services, health, prevention and wellness, financial management and administrative services, legal fees, expenses for oversight and monitoring, funeral and burial expenses.


MFIP, DWP, GA:

Count the designated beneficiary’s income deposited into an ABLE account.

Do not count a non-mandatory unit member’s income deposited into an ABLE account that is for the benefit of the designated beneficiary.

Funds withdrawn from an ABLE account for qualified disability expenses are not counted as income for the designated beneficiary. Count withdrawals that exceed $60 per calendar quarter as unearned income if NOT used for qualified disability expenses. See 0017.01 (Non-Recurring Income).


SNAP:

Count the designated beneficiary’s income deposited into an ABLE account.

Do not count a non-mandatory unit member’s income deposited into an ABLE account that is for the benefit of the designated beneficiary.

Funds withdrawn from an ABLE account for qualified disability expenses are not counted as income for the designated beneficiary.


MSA:

For SSI recipients, SSA makes all income and asset determinations. No action is required.

For non-SSI recipients, follow GA.


GRH:

Follow MSA for aged, blind, or disabled clients.

Follow GA for all other clients.

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© 2018 Minnesota Department of Human Services Updated: 8/1/17 6:40 AM | Accessibility | Terms/Policy | Contact DHS | Top of Page | Updated: 8/1/17 6:40 AM