Hello! I’m Elizabeth Hamilton, the IL ABLE team’s new Enrollment Specialist.
I am here to support you on your pathway to opening an IL ABLE Account for yourself or for someone with a disability that you assist.
Medicaid Determination and IL ABLE Accounts
Know Before You Go!
Going through the process of determination or re-determination of Medicaid benefits with the Illinois Department of Human Services is an experience that we all know can be stressful for families. So, if you own or manage an IL ABLE Account, know that Medicaid must not count ABLE Account assets as a resource in determining or re-determining Medicaid benefits.
Great News for Account Owners
Great news! Account Owners can save more in 2026! The Annual Contribution Limit for IL ABLE Accounts is increasing to $20,000.
Expanded Eligibility Starts January 1!
Did your disability begin before your 46th birthday? Starting January 1, you may be eligible to own an IL ABLE Account and benefit from these 4 ABLE features.
The Countdown Is On!
Get Ready for ABLE Age Adjustment
On January 1, 2026, the age of disability onset criteria to own an IL ABLE Account will expand to include people who acquired their disability before age 46. (The current criteria is disability onset before age 26.) Approximately 250,000 more Illinoisans will become eligible to own a tax-advantaged IL ABLE Account to start saving and investing for disability-related expenses.
Good News for IL ABLE Account Owners!
Good news for IL ABLE Account Owners! Effective September 1, 2025, the program management fee on IL ABLE Accounts was reduced by 0.02% basis points on the seven Asset Allocation Investment Options. This reduction lowered the total annual asset-based fee range from 0.30% – 0.36% to 0.28% – 0.34%.
3 Special Education Back-to-School Tips
Important Information for Students with IEPs
With summer heat lingering across Illinois, it is hard to believe a new school year has already begun. As students with disabilities return to the classroom to learn and build their knowledge and skills, this is a perfect time for parents and guardians to build their knowledge about their children’s financial futures. Here are three tips to get you started:
Congress Passes the ENABLE Act
3 ABLE Act Provisions Made Permanent
Congress passed the ENABLE Act, which was signed into law July 4, making permanent three provisions of ABLE legislation passed in 2017 that were set to expire at the end of 2025:
Save More in 2025
Starting January 1, 2025, IL ABLE Accounts have a higher Annual Contribution Limit. Accounts can receive a total of $19,000 for the calendar year from all sources – Account Owners, family members, friends, and others!
ABLE Turns 10!
Celebrate a Milestone and Look Ahead
Today, we celebrate the landmark legislation that paved the way for 8 million Americans with disabilities to save and invest for themselves to build quality of life and greater financial independence. On December 19, 2014, Congress unanimously passed the Stephen Beck Jr. Achieving a Better Life Experience Act (ABLE Act).