STABLE
A STABLE account is an investment account for people with disabilities. Opening a STABLE account helps you save and invest money without losing access to programs like Medicaid or Supplemental Security Income (SSI).
You do not have to pay federal income tax on the earnings in your STABLE account as long as you use the money for qualified disability expenses.
The Ohio ABLE Act, implemented by Ohio House Bill 155, makes STABLE accounts possible. The Office of the Ohio Treasurer administers the STABLE Account program.
Eligibility
US citizens or legal residents with developmental or intellectual disabilities that developed before age 26 can open an account.
Take their eligibility quiz to learn if you or someone you know qualifies.
Getting started
- Open an account online at www.stableaccount.com
- Fund your account with at least $25.00
- Save, invest, and spend
View the STABLE How it Works website page for complete details.
STABLE Visa® Card
Participants can request a STABLE Visa Card to spend STABLE funds and track expenses. You can load as little or as much as you want at any time.
Saving and investing
Multiple Investment Options
You can invest your money in up to five different savings and investment options. This includes four mutual funds and one FDIC-insured savings account.
Tax-Free Growth
You do not pay taxes on your investment earnings if you use them for qualified expenses.
Simple Online Access
You can easily track your investments, add money, and request withdrawals online.
Disability-related qualified expenses:
- Basic Living Expenses
- Housing
- Transportation
- Assistive Technology
- Employment Training
- Education
- Health & Wellness
- Financial Management
- Legal Fees
STABLE accounts are not backed by the Ohio Treasurer’s office, the State of Ohio, or any state agency. You could lose money by investing in a STABLE account. Before investing, think about your goals, the risks, fees, and costs involved. You should also check if your home state's plan offers benefits that the STABLE Account doesn't. Before opening an account, carefully read and understand the STABLE Account Plan Disclosure Booklet.