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Illinois ABLE News & Updates

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

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Category: IL ABLE Account Owner

Mon and twin sons
ABLE Age Adjustment/IL ABLE Account Owner/True Stories

Account Owner Shares Her IL ABLE Age Adjustment Story

March 24, 2026March 23, 2026 illinoistreasurer

Carla Vassilos is a busy wife and mom of twin boys. She is also an IL ABLE Account Owner thanks to the recent expansion in the ABLE age eligibility criteria making ABLE accounts available to people whose disabilities began before age 46 (up from before age 26). accessABLE News & Updates editors connected with Carla to learn how her IL ABLE Account helps her put money aside for her disability expenses.

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Confetti
ABLE Facts/Eligibility/IL ABLE Account Owner

Expanded Eligibility Starts January 1!

December 16, 2025December 17, 2025 illinoistreasurer

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.

Read More “Expanded Eligibility Starts January 1!”

Father and son with disability walking in park
IL ABLE Account Owner/News/Special Education/True Stories

Parents Save With IL ABLE

October 15, 2025October 16, 2025 illinoistreasurer

Parents of a child with a disability are thinking ahead.

Alysia Townsend, parent of IL ABLE Account Owner Etienne contributes to IL ABLE Account to save for her son’s adult life.  “I didn’t need to immediately focus on spending ABLE money around certain needs,” said Townsend in a recent interview with Chalkbeat, a nonprofit news organization covering stories about education.  “I already had those needs met. As he gets older he needs more things and different things.”

Read More “Parents Save With IL ABLE”

Photos of people with disabilities
Events/IL ABLE Account Owner/News

People with Disabilities and their IL ABLE Accounts

May 16, 2025September 8, 2025 illinoistreasurer

Self-advocates share their ABLE stories

If you and your loved ones have been on sitting on the fence about opening an IL ABLE Account, it’s time to meet IL ABLE Account Owners, T.J. Gordon and Jesus “Chuy” Campuzano.  They shared their personal experiences about how their IL ABLE Accounts have improved their lives during the recent Arc of Illinois Annual Convention.   

Read More “People with Disabilities and their IL ABLE Accounts”

Banner with images of IL ABLE account owners
Events/IL ABLE Account Owner/True Stories

Self-Advocates Speak for Themselves about IL ABLE

May 17, 2024May 17, 2024 illinoistreasurer

IL ABLE Account Owners Featured as Panelists at Arc of Illinois Annual Convention

IL ABLE Account Owners Tom and Nevit told their personal stories about pride and independence they feel by being the owners of an IL ABLE Account during the Arc of Illinois Annual Convention May 1 in Normal, IL.  The pair presented the “Me and My IL ABLE Account: Self Advocates’ Perspectives” session. Tom and Nevit each shared their sense of pride and autonomy with the audience as they talked about how they “make it happen” with their IL ABLE Accounts.

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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
 

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