Montpelier, VT – Today, Treasurer Mike Pieciak announced a $25 incentive available to anyone who opens an Achieving Better Life Experience (ABLE) in Vermont account during the month of April, in celebration of #ABLEtoSave month. ABLE accounts allow individuals with qualifying disabilities and their families to save and invest for the future without impacting their eligibility for Medicaid, SSI, or other needs-based benefits.
The Vermont ABLE program was designed to provide individuals with disabilities more financial stability and navigate the “benefits cliff,” where even a small amount of personal savings could significantly reduce critical public benefits. ABLE accounts can be used for a wide range of disability-related expenses, including education, housing, transportation, and health care.
“ABLE accounts help Vermonters with qualifying disabilities save for the future and build financial security—all without impacting their disability benefits,” said Treasurer Pieciak. “Programs like ABLE are an important step toward building a fairer economy where all Vermonters have the opportunity to succeed.”
The accounts are administered by the State Treasurer’s Office. The Vermont ABLE program was established in 2017 under former Treasurer Beth Pearce.
While over 1,000 Vermonters use VermontABLE accounts, many more are eligible and haven’t yet enrolled. To encourage new sign-ups, there is a $25 incentive to any Vermonter who opens an account during the month of April. This match is a one-time grant following the required $24 initial contribution to open an account.
Starting in 2026, eligibility for ABLE accounts will be expanded to individuals who experienced the onset of disability before age 46, rather than the current age limit of 26. This will expand ABLE eligibility to more adults, including many veterans.
Account enrollment is online, and Vermonters can learn more here. Terms and conditions for the enrollment incentive can be found here.
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