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News and Updates from the Illinois State Treasurer's ABLE Plan

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Employment/Federal Benefits/True Stories

Meet Michael: An Employed IL ABLE Account Owner

October 20, 2023July 17, 2026 illinoistreasurer

Watch how he “Makes It Happen with His IL ABLE Account”

Receiving public benefits shouldn’t be a barrier to working. Check out Michael’s story: he works and maintains his benefits while saving money with his IL ABLE Account.

Michael’s story is part of IL ABLE’s “I Make It Happen with My IL ABLE Account” video campaign. Six IL ABLE Account Owners share their stories about the benefits of owning an IL ABLE Account. Email us at able@illinoistreasurer.gov and tell us how you make it happen with your IL ABLE Account!

https://youtu.be/EopEDC44UIU?si=22tvldbwWi2ak_Xk
Watch Michael’s story.

Read Who is Eligible at illinoisable.com or take the Eligibility Quiz to learn more.

Download the IL ABLE investment guide to compare investment options, potential risks and returns, fees, and how each choice may affect your disability savings goals. You can download and print the PDF here: What Type of Investor Are You?

Learn More About IL ABLE

Learn what an IL ABLE disability savings Account is, who is eligible, how to open an Account, and how it can help you save for qualified disability-related expenses while protecting important benefits.

  • Visit the IL ABLE website
  • Review the Plan Disclosure Booklet
  • Explore IL ABLE Investment Options
  • Open an IL ABLE Account online

For assistance, call 888-609-8683 Monday through Friday from 8 am to 5 pm CT, or email il.clientservice@savewithable.com. Support is available in multiple languages and for callers who are deaf or hard of hearing.

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The Illinois Achieving a Better Life Experience (“IL ABLE”) plan is sponsored by the State of Illinois and administered by the Office of the Illinois State Treasurer (“Treasurer”). IL ABLE is designed to be a qualified ABLE plan offered as part of the National ABLE Alliance. Ascensus College Savings Recordkeeping Services, LLC, the Program Manager, and its affiliates, have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping, and administrative services for the IL ABLE plan.

Accounts in the IL ABLE plan are not guaranteed or insured by the State of Illinois, the Treasurer, the Trust, IL ABLE, the Program Manager, or any other entity (except as provided in the Plan Disclosure Booklet solely with respect to the FDIC-insured Checking Account Option). An Account Owner could lose money by investing in the IL ABLE plan. The Checking Account Option offers FDIC insurance up to $250,000, subject to certain restrictions. Interests in IL ABLE are municipal securities and the value of the account will vary with market conditions and the performance of the investment options you choose.

An investor should consider investment objectives, as well as the risks, charges, and expenses associated with an investment in the IL ABLE plan before investing. This and other important information are contained in the Plan Disclosure Booklet, which can be obtained at http://illinoisable.com or by calling (888) 609-8683.  You should carefully read the Plan Disclosure Booklet before investing.

Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences. Participation in the IL ABLE plan does not guarantee that contributions and the investment return on contributions, if any, will be adequate to cover Qualified Disability Expenses or that an Account Owner is eligible to participate in the IL ABLE plan.

Before investing in any ABLE plan, you should consider whether the state in which you reside and/or pay taxes offers an ABLE plan with favorable state tax incentives or other benefits that are only available through investment in that state’s ABLE plan. You also should consult your financial, tax, or other adviser to learn more about how state-based benefits, or any limitations, would apply to your specific circumstances.

This material is provided for general and educational purposes only, and is not intended to provide legal, tax, or investment advice or for use to avoid penalties that may be imposed under federal or state tax laws. This material is not an offer to sell or a solicitation of an offer to buy any securities.

Testimonials may not be representative of the experience of other customers as past performance or success is not a guarantee of future performance or success.

Capitalized terms not otherwise defined in this material have the meaning attributed to them in the Plan Disclosure Booklet.

Information subject to change without prior notice.

Investments are not FDIC-Insured (except for the Checking Account Option). No Bank, State, or Federal Guarantee.  May Lose Value.

2026 Illinois ABLE News & Updates