Plan Benefits
Save and invest tax free
Both the earnings from your CalABLE account and withdrawals used to pay for qualified expenses are tax free.
Get more of the things you need
When you open an account, you won’t lose your state or federal disability or Medi-Cal or Medicaid benefits. Your CalABLE account can help you supplement your current benefits with a way to save for qualified expenses.
If you’re receiving Supplemental Security Income (SSI), you can have up to $100,000 in the account without it counting towards the $2,000 asset limit. If you choose to fund your account beyond the $100,000 limit, your SSI benefits will be suspended, but you’ll still be eligible for all other benefits (such as Medi-Cal or Medicaid).
Learn about the $2,000 asset limit
No impact on Medi-Cal or Medicaid benefits
The money in your CalABLE account will not affect your eligibility for Medi-Cal or Medicaid benefits. For more information, please see this helpful guide from the Centers for Medicare & Medicaid Services.
Guide from the Centers for Medicare & Medicaid Services
Your account is protected
California residents with a CalABLE account are protected from both creditors and repayment of medical assistance. In most situations, Medi-Cal is prohibited from filing a claim against an account after the beneficiary has died, giving individuals the full opportunity to leave a legacy for loved ones. For more information about Medi-Cal recovery, please refer to the Medi-Cal Program Fact Sheet and the CalABLE Disclosure Statement (PDF).
Get more of the things you need
The money in your account can be used for a variety of expenses, like housing and rent. Qualified expenses are geared toward improving health, independence, and quality of life.
Enjoy the benefits of the ABLE Visa® Card
The ABLE Visa Card is available to everyone with a CalABLE account and lets you choose a specific amount of money to load onto your card, which can help better control budgets and plan for your qualified disability expenses.
