Hawaiʻi ABLE Savings Program started on 11/1/2021Posted on Nov 5, 2021 in News
Hawaiʻi ABLE Savings Program
After years of careful planning, Hawaii has chosen to partner with the State of Oregon and their ABLE for ALL Savings Plan.
For as little as $25 dollars, eligible Hawaii residents can open an account and begin to save for a variety of purchases without risking government benefits.
Hawaiʻi ABLE is proud to be part of the ABLE for ALL Savings Plan network, a national savings program administered by the State of Oregon.
ABLE for ALL provides tax-advantaged savings accounts for individuals and their families and allows you to save for qualified disability expenses, invest for future needs, and keep the benefits you rely on every day. Hawaiʻi ABLE is excited to now offer these benefits to all eligible Hawaiʻi residents.
For more information visit, Hawaiʻi ABLE Savings Programs at https://www.hawaiiablesavings.com
How can I get more information or sign up for an ABLE Account?
Please visit: https://hawaiiablesavings.com/
Contact the ABLE for ALL Plan network Service Center at: 1-844-394-2253, 7:00 am-2:00 pm Hawaiʻi time
You may also contact Daintry Bartoldus, Executive Administrator, Hawaiʻi State Council on Developmental Disabilities, Office Phone: (808) 586-8100.
Hawaiʻi ABLE Savings Program Webinars
Please sign up for a Hawaiʻi ABLE Savings Program Webinar by clicking on a link below. Hawaiʻi ABLE Webinars are held the last Wednesday of each month from 12-1 PM (HST).
What are ABLE accounts?
The Achieving a Better Life Experience (ABLE) Act of 2014 allows states to create tax-advantaged savings programs for eligible people with disabilities (designated beneficiaries). Funds from these 529A ABLE accounts can help designated beneficiaries pay for qualified disability expenses. Distributions from ABLE accounts are tax-free if used for qualified disability expenses. ABLE accounts allow people with qualifying disabilities to save money without losing their state and federal benefits. Money saved in ABLE accounts does not count against asset limits in some federal programs, for example for Supplemental Security Income (SSI) and Medicaid.
Information on ABLE accounts can be found at: