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Frequently Asked Questions

Frequently Asked Questions

Take a look at some of our most frequently asked questions. Still need additional support? Give us a call at 844-656-7225 or send us an email at miable@michigan.gov.
  • The MiABLE Disability Savings Program allows individuals with disabilities to save funds for expenses that support health, independence and quality of life without jeopardizing eligibility for benefits such as Medicaid, SNAP, HUD, etc.
  • Beginning January 1, 2026, an individual is eligible if they became disabled or blind by the age of 46 and either is currently entitled to Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) or receives a disability certification.
  • No. The law allows people with disabilities to have special accounts for disability-related expenses without losing eligibility for SSI, Medicaid and certain other public benefits.
  • No, eligible individuals can only have one ABLE account, but anyone can contribute to their account.

  • An MiABLE account must be used for “qualified disability expenses” that relate to the designated beneficiary’s blindness or disability and are for the benefit of that beneficiary in maintaining or improving his or her health, independence, or quality of life. Internal Revenue Code, Section 529(e)(5), lists the following as qualified disability expenses:

    • Education;  
    • Housing;  
    • Transportation;  
    • Employment training and support;  
    • Assistive technology and personal support services;
    • Health care, illness prevention, and overall wellness;
    • Financial management and administrative services;
    • Legal fees; expenses for oversight and monitoring;
    • Funeral and burial expenses;

    Expense payments from an ABLE account are referred to as “distributions” in the federal ABLE Act and legislation.

  • Opening an account can be done online at MiABLE.org to enroll in our programs.

  • There is an annual limit on the total amount that can be paid into a MiABLE account. Annual deposits (contributions) to a MiABLE account cannot exceed the individual gift tax exclusion in effect for the calendar year in which the contribution is made (in 2025, the amount is $19,000).

    Furthermore, for MiABLE account owners who have an income, an additional $15,060 can be contributed in 2025.

    An MiABLE account is considered a 529 account by the IRS. The maximum contribution limit for all Michigan 529 plans combined for a designated beneficiary is $500,000 – this includes any 529 prepaid tuition or college savings accounts the beneficiary may have.

    The first $100,000 in a MiABLE account would not be considered a resource when determining eligibility for SSI. If the account exceeds $100,000, the designated beneficiary could lose their monthly SSI cash payment but would continue to receive Medicaid benefits.

  • The MiABLE program allows individuals with disabilities to save money without jeopardizing their eligible for programs that they need.

  • Distributions from a MiABLE account, including any earnings, are not taxed if used for qualified disability expenses. If a distribution is not used for a qualified disability expense, that amount could be subject to income tax and a 10 percent penalty imposed.

    Furthermore, anyone who contributes to a MiABLE account can deduct for up to $5,000 for a single return or $10,000 for a joint Michigan Income Tax return