Great news! Account Owners can save more in 2026! The Annual Contribution Limit for IL ABLE Accounts is increasing to $20,000.
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%.
It’s Time for Your Agency to Get Online with IL ABLE
Three Easy Steps to Get Started
Is it time for your organization to start managing your clients’ IL ABLE Accounts online?
You and your organization can now save time and gain efficiency by opening and managing your clients’ IL ABLE Accounts online. If your Entity serves as SSA rep payee or under power of attorney you can easily help your clients protect their federal benefits, save for large expenses, and build assets from their earnings by going online with their IL ABLE Accounts.
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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:
Check-in on Your Savings Goals
It’s a great time to review your investment selections
Do your investment selections align with your goals? Spring is a great time to review your IL ABLE Account investment option selections. IL ABLE now offers eight Investment Options – seven Asset Allocation Options and the Checking Account Option.
Calling All Disability Service Agencies and Organizations!
You Can Go Online to Open and Manage IL ABLE Accounts
Disability service agencies and organizations can now go online to open, manage and view IL ABLE Accounts for the individuals they serve. It’s what is called the “Online Entity Management Dashboard” and your entity can get started now.
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Paying for Qualified Disability Expenses
4 Easy Ways to Make Withdrawals from an IL ABLE Account
Funds in an IL ABLE Account can be used to pay for Qualified Disability Expenses, which are any expenses that help to improve the health, independence, or quality of life of the Account Owner. Here are four ways to make a withdrawal request to pay for a Qualified Disability Expense.
Multi-factor Authentication is Coming to IL ABLE Accounts
Do you know what it is?
You are likely already using Multi-Factor Authentication, or MFA, with many accounts that you access online. MFA is a security measure that many websites now require, where you put in your user id and password and then you are sent a code to an email address or cell phone number. That code must be input before you can continue into the website.
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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!