News and Updates from the Illinois State Treasurer's ABLE Plan
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.
Read More “Calling All Disability Service Agencies and Organizations!”
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.
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.
Read More “Multi-Factor Authentication Is Coming to IL ABLE Accounts to Improve Account Security”
Today, we celebrate the landmark legislation that paved the way for 8 million Americans with disabilities to save and invest for themselves, building quality of life and greater financial independence. On December 19, 2014, Congress unanimously passed the Stephen Beck Jr. Achieving a Better Life Experience Act (ABLE Act).
Treasurer Frerichs leads panel at Special Olympics Illinois Athlete Leadership Academy.
Treasurer Frerichs moderated a lively panel discussion at the Special Olympics Illinois (SOILL) Athlete Leadership Academy that focused on the benefits of working. Panelists included SOILL athletes who have disabilities and leaders from Amazon and Hyatt who focus on initiatives that support hiring people with disabilities.
Read More “How Inclusive Employers and IL ABLE Accounts Support People with Disabilities”
Changes Coming to IL ABLE Accounts
On December 13, 2024, a new Money Market Option will be available as the 7th Target Risk Investment Option. The Money Market Option will invest 100% of assets in the Vanguard Cash Reserves Federal Money Market Fund.
Read More “Get Ready! There is a New Investment Option Coming December 13”
It’s easy for New Account Owners and Authorized Individuals to make savings happen.
New Account Owners and their Authorized Individuals often ask how to make contributions to their new IL ABLE Account. Here are five easy and convenient options to start contributing:
Today is the first National ABLE Savings Day, which recognizes the importance of ABLE savings and investment programs to Americans living with disabilities and their families. ABLE Account Owners and their supporters are celebrating greater financial independence thanks to ABLE programs across the nation, including right here in Illinois with the IL ABLE program.
Helping Students with IEPs Save for the Future
The excitement of a new school year is upon us! As students with disabilities prepare their school bags for the start of a new academic year, their parents and guardians may be considering how to plan for their students’ financial futures.
Switch to E-Delivery
IL ABLE Account Owners will notice a lower Annual Account Maintenance Fee on the quarterly statement starting in January!