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State Treasury Achieving A Better Life Experience (STABLE ACCOUNTS) | Ohio Treasurer Of State

30 E Broad St., 9th Flr., Columbus, OH 43266

Serves those who have developed their disability before the age of 26. The individual must have been living with their disability for at least one year, or they must expect their disability to last for at least a year. In addition, the individual must meet at least one of the following criteria: Be entitled to Supplemental Security Income (SSI) because of their disability; Be entitled to Social Security Disability Insurance (SSDI) because of their disability.
Agency will advise
24 hours a day, 7 days a week
https://www.stableaccount.com
[email protected]

Application available through website only. Information is available on website and by phone.

Free to start account.

Ohio

Description

Provides tax-free savings investment accounts for persons with disabilities. Balances and distributions do not affect needs-based financial aid such as Medicaid or SSI. Earnings on savings are tax-deferred and tax-free when used to pay for qualified expenses such as basic living expenses, housing, transportation, education, assistive technology, employment training, personal support services, legal fees, health and wellness, and financial management services. Account funds do not count as assets for purposes of determining eligibility for means-tested federal benefits programs. For example, if a client has $5,000 in their STABLE Account, that $5,000 does not count as an asset when determining eligibility for SSI or Medicaid. SSI benefits may be affected if account balance exceeds $100,000.

Data provided by

211 Cleveland

Providing organization

Ohio Treasurer Of State

Collects, manages, and invests Ohio's state taxes, pension fund contributions, and other financial assets. Provides financial programs for the public.