Bridges Resource Library

About ABLE Accounts

Updated as of May 6, 2024.

ABLE stands for Achieving a Better Life Experience. ABLE accounts are specifically designed to allow qualifying individuals with disabilities to save money without losing eligibility for government benefits. ABLE accounts provide an inexpensive and uncomplicated way to save funds for many individuals with disabilities.

Before ABLE accounts became available, “special needs trusts” (SNTs) were the primary means of saving for disability-related expenses while remaining eligible for programs like SSI. ABLE accounts are easier and less expensive to set up and maintain than SNTs, and they provide additional benefits in terms of management and use of funds for housing and food. However, SNTs are still useful, and a person may have both an ABLE account and an SNT.

More About ABLE Accounts

Bridges Flyer: Maryland ABLE Account Frequently Asked Questions

All About ABLE Accounts

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This unique project is being coordinated through The IMAGE Center of Maryland, a center for independent living in Towson, and it is funded by a grant from the Maryland Department of Education Division of Special Education/Early Intervention Services.

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