The Rules Have Changed!

Mar 06 2018

West Virginian’s with disabilities can now save money without losing benefits—thanks to the new WVABLE program. WVABLE is made possible by the Achieving a Better Life Experience in West Virginia Act, also known as the West Virginia ABLE Act.

Treasurer Perdue looks on as Denise Campbell, a former state legislator and disability advocate, and son Logan, sign up for a WVABLE Account.
WVABLE empowers individuals with disabilities and their families to save and invest – without  losing eligibility for public benefits programs such as Medicaid and Supplemental Security Income also knows as SSI.


The STABLE Accounts offered through WVABLE have some similar features to normal bank accounts, but they are not checking or savings accounts. STABLE Accounts are investments accounts, similar to the SMART529 college  savings account or a 401(k) retirement account. When you deposit money in 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, STABLE Accounts also allow you to grow your money and to save long-term for disability expenses.

Up to $15,000 per year can be deposited into your STABLE Account. You can choose from among five different investment options, including four mutual fund based investments and one FDIC-insured investment. Earnings on savings and investments are tax-deferred and tax-free, so long as you spend them on qualified disability expenses. Account holders can also to request a STABLE card—your own personalized load and spend card to use anywhere debit or credit cards are accepted.

Individuals who developed disabilities before the age of 26 may be eligible to open a WVABLE account. Take the eligibility quiz on the website to find out if you or someone you know qualifies.

WVABLE is a program of the West Virginia State Treasurer’s Office.

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West Virginia State Treasurer's Office
1900 Kanawha Boulevard
Capitol Complex Building #1, Room E-145
Charleston, West Virginia 25305
304-558-5000 Toll Free: 800-422-7498
Hours: 8am-5pm (ET)

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