Description: Enables eligible individuals to save for disability-related expenses by putting money in tax-advantaged investments, while protecting their eligibility for public benefits programs.CalABLE accounts can be used for disability-related expenses, including living expenses, education, housing, transportation, employment, vacation, job training, career support, assistive technology, personal support services, health, prevention, wellness, financial management, etc. View FAQs.
Eligibility: Residents from any state may open a CalABLE account.The applicant or the beneficiary must:- Be blind or have a medically determinable physical or mental impairment, and such condition developed before the age of 26 and will last, or has lasted, at least a year- Be a U.S. citizenAND can confirm one of the following:- Is eligible for Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) because of a disability- Experiences blindness as determined by the Social Security Act- Can provide a signed diagnosis from a licensed physician if requested
Requirements: Non-SSI and SSDI recipients: a letter of certification from a licensed physician required. Visit website for more information.
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