Special Olympics Illinois athletes and their families build physical wellness on the court, on the field and in the pool.
Athletes should build their financial wellness too. That’s why IL ABLE has teamed up with Special Olympics Illinois as the Official Families Network Partner to help the more than 23,100 Illinois Special Olympics athletes and their families enroll in IL ABLE Accounts.
IL ABLE accounts are savings and investment accounts that Special Olympics Illinois athletes and their families can open to save for disability expenses while preserving benefits such as SSI and Medicaid.
Start saving when your child is young to build a bright future.
Protect benefits such as SSI and Medicaid.
Did you receive a stimulus payment? (also known as an Economic Impact Payment). All or part of it can be contributed to an IL ABLE account and help preserve benefits.
IL ABLE Account Owners who work can direct deposit their paychecks into their IL ABLE accounts and avoid SSI asset caps. Working IL ABLE Account Owners can also contribute more to their accounts. Learn More.
Use your IL ABLE account to cover a myriad of Qualified Disability Expenses that help improve health, quality of life, and independence.
Illinois taxpayers who contribute to an IL ABLE account can take a state income tax deduction.
You don’t have to be receiving public benefits to own an IL ABLE account. But if you are receiving, or planning to apply for public benefits, your IL ABLE account can protect you from asset caps.