IL ABLE is undergoing improvements to make your enrollment experience better. The following enrollment options are temporarily available only by paper enrollment:
- • Accounts opened by an Authorized Individual for an eligible minor.
- • Accounts opened by an Authorized Individual as an agent under power of attorney for an eligible adult who has Legal Capacity.
- • Accounts opened by an entity or organization as an Authorized Individual
You can download a Paper Enrollment Form here. Completed Paper Enrollment Forms can be mailed to the address on the form.
After the Account is opened, sign up for E-delivery of statement notifications to take advantage of lower Annual Account Maintenance Fees.
Questions? Call Customer Service 1-888-609-8683.
- • Accounts opened by an Authorized Individual for an eligible minor.
- • Accounts opened by an Authorized Individual as an agent under power of attorney for an eligible adult who has Legal Capacity.
- • Accounts opened by an entity or organization as an Authorized Individual
Why IL ABLE
IL ABLE Accounts make it possible for people with disabilities and their families to save and invest their money for expenses related to living with a disability.
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Be in control: An IL ABLE Account can be opened by an Eligible Individual or Authorized Individual living in any state, at any time. See Who Can Open an IL ABLE Account.
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Protect federal benefits: Eligible Individuals can save up to $100,000 without risking Supplemental Security Income (SSI) benefits. See IL ABLE & Public Benefits.
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Save and spend tax-free: Account Owners can save and invest up to $17,000 a year, and if working, up to $13,590 more. Earnings and withdrawals on IL ABLE Accounts are tax-free if they are used for a wide range of Qualified Disability Expenses.
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Save your way: IL ABLE offers six high-quality, low-cost Investment Options, plus an FDIC-insured Checking Account Option with a debit card and no overdraft fees.
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Get a tax deduction: Illinois taxpayers who contribute to any IL ABLE Account may be able to take a state income tax deduction – up to $10,000 if filing as an individual or $20,000 if filing jointly.
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No hidden fees: Depending on which Investment Option(s) are selected, the Annual Asset-Based Fees on the six Target Risk Options range from 0.30% to 0.33%. Each account is charged an Annual Account Maintenance Fee of $58.00. If E-Delivery is selected, the Annual Account Maintenance Fee is reduced to $33.00.
It's easy to open an IL ABLE Account. Start saving today.
Read the Plan Disclosure Booklet.