Give the gift of savings to an IL ABLE Account Owner with Ugift® this holiday season

Ugift® is an easy-to-use, no-cost way to make a meaningful holiday gift to a loved one with a disability. How does it work?

First, the IL ABLE Account Owner (person with the disability) or the Authorized Individual (an adult who is authorized to transact on the account) logs into their IL ABLE account and accesses their unique Ugift® code.

Next, they share that code with friends, family or others who want to make a contribution to the account.

Then, the gift giver visits UgiftABLE.com and inputs the code in order to make a direct contribution to the IL ABLE Account Owner’s account.

Do You Own an ABLE Account in Another State?

Consider Rolling it Over to IL ABLE.  Here’s Why.

If you live in Illinois and opened an ABLE account for yourself or a loved one in another state’s ABLE plan, you may be missing out on some of the benefits offered by IL ABLE.  For example, if you are an Illinois taxpayer and you contribute to any IL ABLE account, you may be able to take a state income tax deduction.  Learn more here.

Season’s Giving

Easy Ways to Make Holiday and Year-End Contributions to a Loved One’s Illinois ABLE Account

It happens every year.  As we enter the holiday season, many family and friends of loved ones with disabilities want to give them money to use to enjoy life or help with expenses. However, for years, family and friends have been told not to give their loved ones with disabilities money because it will put the loved one’s benefits at risk.

What Can You Do With Your Illinois ABLE Account?

Invest in your future and save up to $100,000 without losing your SSI monthly benefits.  With Illinois ABLE, you can save and invest your own money.  You can pay for the expenses that are part of living with a disability.  That includes things like taking lessons to learn a new skill. If you work, you can save money from your job without worrying about the $2000 asset limit.  Most importantly, with Illinois ABLE you can gain some control and independence for your life!  For more information, or to enroll, visit IllinoisABLE.com.

Do You Qualify for ABLE? Tips to Get the Most Out of “A Better Life Experience” Accounts

If the symptoms of your disability were present before age 26 and your disability meets the definition of used by the Social Security Administration, you qualify to open an ABLE Account.  If your disability was diagnosed after 26 but you have a written certification from a physician that it was present before age 26, you qualify to open an ABLE account.