Empowering individuals with disabilities to live more independently today, while planning for tomorrow.

What is WVABLE?

WVABLE is a tax-advantaged savings and investment account program designed to give individuals with disabilities more independence and financial security.

WVABLE is made possible by the Achieving a Better Life Experience in West Virginia Act, also known as the West Virginia ABLE Act, and allows many individuals with a disability to save and invest without losing eligibility for certain government benefits that are critical to their health and well-being, such as Medicaid and Supplemental Security Income (SSI).

What is a STABLE Account?

The West Virginia State Treasurer’s Office administers WVABLE and has partnered with STABLE Accounts and the Ohio Treasurer’s Office to offer this program to West Virginians with disabilities.

Up to $16,000 per calendar year may be contributed into a STABLE account, and an additional $12,880 of income may be contributed by employed beneficiaries – increasing the total annual contribution limit to $28,880. Earnings in a STABLE Account are not subject to federal income tax, so long as the funds are spent to pay for “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 Account also allows you to grow your money and to save long-term for disability expenses