Able UP Savings and Investment Account
Able UP helps you build financial wellness with a savings and investment account for people with qualifying disabilities and medical conditions. Save for Expenses. Build Greater Independence.
Living with a disability often brings added costs. Sponsored by the State of Illinois and administered by the Office of the Illinois State Treasurer, an Able UP account can help eligible individuals save for those expenses and so much more – for today or in the future.
Living with a disability often brings added costs. Sponsored by the State of Illinois and administered by the Office of the Illinois State Treasurer, an Able UP account can help eligible individuals save for those expenses and so much more – for today or in the future.
Key Benefits of Able UP Accounts
- Tax advantages: Earnings in your Able UP Account grow tax-deferred, and withdrawals for qualified disability expenses are tax-free. Illinois taxpayers can also deduct contributions from their state taxable income, up to $10,000 for individual filers and $20,000 for joint filers.
- Protect federal benefits while saving: The first $100,000 in an Able UP Account is excluded from the Supplemental Security Income (SSI) resource limit. Able UP savings also do not count toward Medicaid eligibility.
- Flexible spending for disability-related expenses: Use your Able UP savings for a wide range of qualified expenses, including housing, groceries, health care, transportation, education, and assistive technology.
- Seven savings and investment options: Choose from seven options to fit your financial goals, including an FDIC-insured Savings Option.
- Easy access to your money: Get a free, customizable True Link Visa® Prepaid Card™ to manage spending, set limits, and pay for eligible expenses.
Able UP accounts can be opened by eligible adults, or an authorized legal representative can open and manage an account for an eligible child or adult without legal capacity.
Thousands Are Saving for Their Future with Able UP
Account owners are already using Able UP to set money aside for eligible expenses. As of March 31, 2026, more than $120 million had been contributed to nearly 9,000 IL ABLE accounts, with an average account balance of $12,800.
Learn more on the Illinois State Treasurer’s Vault Website