How can you bolster your IL ABLE Account?
April is Your ABLE to Save Month – a great time to grow your IL ABLE Account and build your financial awareness and wellness. Here are four actions you can take to make the most of ABLE to Save Month:
Limit Increase is Great News for ABLE Account Owners
Great news! Account Owners can save more in 2026! The Annual Contribution Limit for IL ABLE Accounts is increasing to $20,000.
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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 an SSA rep payee or is under a 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
What Families of Students with IEPs Should Know About IL ABLE
A new school year is an important time for families of students with disabilities to think about education, transition planning, and future financial needs. An IL ABLE disability savings account can help eligible students save for education, assistive technology, health care, transportation and other qualified disability expenses.
Here are three ways parents, guardians and educators can include IL ABLE in a student’s financial and transition planning.
Congress Passes the ENABLE Act to Expand ABLE Account Benefits
3 ABLE Act Provisions Made Permanent
Congress passed the ENABLE Act, and it was signed into law on July 4. The new law makes three ABLE account provisions permanent. These provisions were first approved in 2017 but were scheduled to expire at the end of 2025.
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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!
Disability Service Organizations: Partner with IL ABLE
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 to Improve Account Security
Do you know what it is?
You are likely already using Multi-Factor Authentication (MFA) with many of the accounts you access online. MFA is a security measure that many websites now require: you enter your username and password, then receive a code via email or text. That code must be input before you can continue into the website.
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