SSDI broker Accounts

Enable Savings Account Type

Enable Savings offers an ABLE account, which is a tax-advantaged savings account designed for individuals with disabilities. This account allows eligible individuals to save for disability-related expenses without affecting their eligibility for means-tested benefits like Supplemental Security Income (SSI) and Medicaid. The account can hold up to $100,000 without impacting SSI benefits, and contributions can be made by anyone, including family and friends.

Enable Savings Broker Account Opening Process

• Eligibility:
• To open an Enable Savings account, the individual must have a disability that began before the age of 26 (increasing to age 46 starting January 1, 2026).
• The individual does not need to be receiving public benefits like SSI or SSDI to qualify.
• Account Ownership:
• The eligible individual is both the account owner and the beneficiary of the assets in the account.
• If the account owner is a minor, a parent or guardian can open the account on their behalf.
• Required Information:
• Personal identification details: name, address, Social Security number, birth date, and email address.
• The account owner may need to self-certify their disability or provide documentation if requested.
• Application Process:
• The account can be opened online or by completing a paper enrollment form and mailing it to the plan.
• Select an investment option from the available choices.
• Contribution Limits:
• The annual contribution limit is $19,000 for 2025, which includes contributions from any source.
• Balances over $100,000 will cause SSI to be suspended until they fall below that level.
• Fees:
• There may be maintenance fees and asset-based fees depending on the investment choices selected.

For more detailed information, visit the Enable Savings website at Enable Savings.