Opening an ABLE account today means you invest in your future without losing benefits.
In the past, the risk of losing public benefits coupled with the high cost of support expenses, limited members of the disability community from building financial security. UNTIL NOW.
Eligible individuals may now open a CalABLE account and manage their money on this website that provides you a tax-advantaged account, easy access to your money using the CalABLE Visa® Prepaid Card,* and confidence your savings, up to $100,000, won’t affect your eligibility for programs like SSI and Medi-Cal.
As State Treasurer, I am devoted to ensuring California’s most worthy and vulnerable citizens have the same opportunity to achieve financial stability as those without disabilities. Through CalABLE, we are achieving that vision.
Sign up today for your tax-free treatment on earnings and withdrawals to pay for disability-related expenses, and let us help you dream, plan and succeed in your most ambitious goals.
In peace and friendship,
Fiona Ma, CPA
California State Treasurer
*The CalABLE Visa Prepaid Card is issued by MetaBank®, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc.