Skip to content

Illinois ABLE News & Updates

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

  • Home
  • Contact Us
  • What is ABLE?
  • Enroll in ABLE

Tag: Account Benefits

ABLE account owners
True Stories/Employment/Events/IL ABLE Account Owner

IL ABLE Account Owner Shares Her Story at This Year’s Speak Up, Speak Out Summit

September 9, 2026September 9, 2026 illinoistreasurer

Self-advocate, Illinois Council on Developmental Disabilities Council Member, and IL ABLE Account Owner Bridget Brown is a powerhouse. An actor and keynote speaker,  Bridget also co-founded Butterflies for Change,  an organization dedicated to advocating for inclusive communities and expanding access to inclusion support – to name just a few of her accomplishments.

At the 2026 Speak Up, Speak Out Summit in Bloomington, IL, the IL ABLE team had the opportunity to sit down with Bridget and her mom, Nancy, to talk about Bridget’s experience with her IL ABLE account and what financial independence means to her. Enjoy reading!

Read More “IL ABLE Account Owner Shares Her Story at This Year’s Speak Up, Speak Out Summit”

Great News
ABLE Facts/Account Management/Contributions/News

Limit Increase is Great News for ABLE Account Owners

December 16, 2025July 17, 2026 illinoistreasurer

Great news! Account Owners can save more in 2026! The Annual Contribution Limit for IL ABLE Accounts is increasing to $20,000.

Read More “Limit Increase is Great News for ABLE Account Owners”

decorative
ABLE Facts/Eligibility/IL ABLE Account Owner

Expanded Eligibility Starts January 1!

December 16, 2025July 20, 2026 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!”

decorative
ABLE Facts/Account Management/Investing Basics/Investment Options

Good News for IL ABLE Account Owners!

September 16, 2025July 20, 2026 illinoistreasurer

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%.

Read More “Good News for IL ABLE Account Owners!”

decorative
ABLE Facts/Account Management/Contributions/Employment/News/Taxes

Congress Passes the ENABLE Act to Expand ABLE Account Benefits

July 18, 2025July 20, 2026 illinoistreasurer

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.

Read More “Congress Passes the ENABLE Act to Expand ABLE Account Benefits”

lots of coins on table that have poured out of a glass jar
Account Management/Disability Expenses/Withdrawals

Paying for Qualified Disability Expenses

February 14, 2025July 17, 2026 illinoistreasurer

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.

Read More “Paying for Qualified Disability Expenses”

lots of coins on table that have poured out of a glass jar
ABLE Facts/Account Management/Contributions

Save More in 2025: Accounts can receive a total of $19,000 for the calendar year

January 16, 2025July 17, 2026 illinoistreasurer

Starting January 1, 2025, IL ABLE Accounts have a higher Annual Contribution Limit. This is the total amount that can be added to the account during the calendar year from all sources, including the Account Owner, family members, friends, and others.

Read More “Save More in 2025: Accounts can receive a total of $19,000 for the calendar year”

Blue starburst graphic
Account Management/News

Great News for Account Owners!

August 13, 2024July 17, 2026 illinoistreasurer

Switch to E-Delivery

IL ABLE Account Owners will notice a lower Annual Account Maintenance Fee on the quarterly statement starting in January!

Read More “Great News for Account Owners!”

ABLE Facts

Five Great Reasons to Open an IL ABLE Account

February 16, 2024July 17, 2026 illinoistreasurer

Everyone has a reason to save money. IL ABLE tax-advantaged savings and investing Accounts can be a powerful financial tool to help Eligible Individuals with disabilities and their Authorized Individuals meet their short-, medium-, and long-term savings goals. Here are five of the most common reasons why eligible individuals and their Authorized Individuals open an IL ABLE Account.

Read More “Five Great Reasons to Open an IL ABLE Account”

Account Management/Disability Expenses/True Stories

Meet Tom – IL ABLE Account Owner

January 22, 2024July 17, 2026 illinoistreasurer

Watch and hear how he “Makes It Happen with His IL ABLE Account.”

Meet Tom, an active IL ABLE Account Owner. He uses the funds in his Account to pay for things he needs to stay fit and healthy. Did you know that expenses for “health and wellness” are just a few of the types of “Qualified Disability Expenses” that funds in an IL ABLE Account can pay for?

Read More “Meet Tom – IL ABLE Account Owner”

Posts pagination

1 2 Next

Category Cloud

Abilities Expo ABLE Age Adjustment ABLE Facts Account Management Contributions Disability Expenses Eligibility Employment Entities Events Federal Benefits Financial Advisors Financial Literacy IL ABLE Account Owner Illinois Public Schools Investing Basics Investment Options News Special Education Special Olympics Illinois Stimulus Payments Students with IEPs Students with Section 504 plans Take Action! Taxes Treasurer Michael Frerichs True Stories Uncategorized Webinar Withdrawals

accessABLE Delivered to Your Inbox

Click here to subscribe to receive accessABLE  delivered each month to you via e-mail.

Follow Us

  • X
  • Facebook
  • Instagram

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
Loading Comments...