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Stable Account Information


News from the Treasurer of the State of Ohio...

A STABLE Account is an investment account available to eligible individuals with disabilities. STABLE Accounts are made possible by the federal Achieving a Better Life Experience (“ABLE”) Act. STABLE Accounts allow individuals with disabilities to save and invest money without losing eligibility for certain public benefits programs, like Medicaid, SSI, or SSDI. Earnings in your STABLE Account are not subject to federal income tax, so long as you spend them on “Qualified Disability Expenses.”

STABLE Accounts have some similar features to normal bank accounts, but they are not checking or savings accounts. STABLE Accounts are investment accounts, similar to 529 college savings accounts or 401(k) retirement accounts. When you deposit money into your STABLE Account, your money will be invested in different options that you choose. While you can still withdraw and spend your money whenever you need it, a STABLE Accout also allows you to grow your money and to save long-term for disability expenses.  

Account set up and enrollment is all online. No bank trips necessary. 

You will put in your basic information, such as your name, address, birthdate, etc., as well as answering few questions regarding your disability, in order to confirm your eligibility to open an account.  Once you have input your information, you will make your initial contribution and choose your Investment Options.  

Setting up your account online is free (and easy!).  You will need to make an initial contribution of at least $50 in order to set up your account.  

Please click this link for more information.

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