FAQs
Answers at your fingertips
You can scroll through the FAQs or click on a category below to scroll to that section of the page.
- About ABLE
- ALR
- Benefits
- Contributions
- Eligibility
- Fees
- General
- Gifting
- How the Account Works
- Linking Bank Accounts
- Opening an Account
- Prepaid Card
- Qualified Expenses
- Successors and Estates
- Tax Benefits
- What happens if the beneficiary is no longer eligible for an account?
- If a beneficiary no longer meets eligibility requirements, they no longer qualify for an ABLE account and they (or their Authorized Legal Representative) should sign into their account’s settings and update their eligibility. Their account will remain open and they can continue to use the account... Read more
- How does gifting work?
- To help friends and family grow a loved one’s ABLE account, we created a special Gift Form to facilitate the process. Fill out the information about the beneficiary and their ABLE account and include a check of at least $10 made payable to Alabama ABLE with the amount you want to gift. The money... Read more
- Who can be a beneficiary of an Alabama ABLE account?
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If you developed a disability or blindness before the age of 26 and are eligible for Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) benefits or have a signed Diagnosis Form from a licensed physician, you can open an account.
- What type of disabilities qualify for an account?
- A person with any disability that qualifies for Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) or blindness that developed before the age of 26 is eligible for an account. Some of the conditions recognized by the Social Security Administration that could qualify... Read more
- What are the documentation requirements?
- You must self-certify that you have a licensed doctor’s diagnosis and signature or that you have a signed letter from a licensed doctor confirming that you meet the qualifying disability criteria. Proof of documentation could be requested for any audit completed by the Internal Revenue Service. If... Read more
- Can I be over the age of 26 and open an ABLE account?
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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.
- What is disability certification?
- A diagnosis from a licensed doctor of blindness or a physical or mental impairment which results in “marked and severe functional limitations” lasting for a continuous 12 months or longer or which can be expected to result in death. The certification must state that the disability occurred before... Read more
- How do I manage different bank accounts with multiple beneficiaries?
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If you are managing ABLE accounts for more than one beneficiary, you can use the same banking information on multiple accounts. The bank account has to be added to each plan account individually.
- Can there be more than one Authorized Legal Representative (ALR)?
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There can only be one Authorized Legal Representative per account, but you can transfer an ALR by filling out this form or calling us at 1-833-711-ABLE (1-833-711-2253).
- Does the Authorized Legal Representative (ALR) own the account with the beneficiary?
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No. No matter who opens the account, the beneficiary owns all of the funds.
