How do I create a CalABLE account?
CalABLE Account Setup
To open an account, please visit www.CalABLE.ca.gov and click on "Open an Account." Once your account is open, you can manage it (for example, update your contact information, make a contribution, check your balance or request a withdrawal) by logging into your account on www.CalABLE.ca.gov.
What is CalABLE account?
A CalABLE account is an investment and savings account available to Eligible Individuals with disabilities. ... ABLE Accounts allow individuals with disabilities to save and invest money without losing eligibility for certain means-tested public benefits programs, like Medicaid and Social Security Income (“SSI”).
What is CalABLE program?
The CalABLE Savings Plan opened to the public on December 18, 2018. The program enables Californians and out-of-state residents the ability to save for disability-related expenses by putting money in tax-advantaged investments, while protecting their eligibility for means-tested public benefits programs.
How do I close my CalABLE account?
A CalABLE account may be closed at any time via the secure web portal. If contributions were made to the account and then a decision is made to close the account, taxes or penalties may apply if the funds are not used to pay for Qualified Disability Expenses.