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Frequently asked questions

Scroll down to see answers to things we get asked a lot. If you're looking for something specific, enter or choose a keyword below.

Do I use the same login information if I have multiple CalABLE accounts?

Yes, you have only one username (email) and password to log in to all the accounts you manage.

If I manage multiple CalABLE accounts, can I transfer funds from one CalABLE account to another?

Currently, you cannot transfer funds from one CalABLE account to another CalABLE account.

Do I have to file separate taxes for each CalABLE account?

Each beneficiary account will receive separate tax documents.

These forms are for information purposes only. Please consult a tax professional for questions about whether or not an individual income tax return needs to be filed.

What happens after the death of a beneficiary? Is there a Medi-Cal or Medicaid payback?
In the event of the death of a beneficiary, the funds from a CalABLE account can be used by his or her estate to repay any outstanding eligible expenses, funeral, and burial costs. As part of the estate, funds in the ABLE account are subject to federal estate tax. After the death of the... Read more
Is the money in the CalABLE account considered an asset?

The money in the account generally isn’t considered an asset for federal and state benefit purposes. For Supplemental Security Income (SSI) benefits only, you can have up to $100,000 in the account before the funds start to count against the $2,000 limit.

Can someone else access my account?
To keep the account safe, do not share your password with others and do not let someone else have access to your account unless an Authorized Legal Representative (ALR) is the manager. If you want to change the ALR for the account, give us a call Monday through Friday, at 1-833-225-2253 from... Read more
What if I want to close my account?

Simply give us a call and we’ll assist you. Reach us Monday through Friday, at 1-833-225-2253 from 6am–5pm PT. We’ll be sad to see you go.

How long does it take to withdraw money?
A transfer can take 2-5 business days to complete, depending on how the money is allocated. If you need more immediate access to your money, you may want to consider keeping that amount loaded to your prepaid card for instant access. You can request a check to be sent to you or a third-party payee.... Read more
Are there limits on how many times I can withdraw money from my account?

No. There are no limits on how many times you can make withdrawals.

Do you charge fees for withdrawing money?

No. There are no fees for withdrawing money.

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Sign up and start saving

Once you are ready to enroll, you can set up your account here online. When opening a CalABLE account, make sure you have ready identifying information about the beneficiary, the qualifying disability, and how the CalABLE account will be funded.

Create your account

Events

Find out about the upcoming events for CalABLE.

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Still have questions?

You can contact us online, give us a call Monday through Friday, at 1-833-225-2253 from 6am–5pm PT, or you can browse frequently asked questions.

Individuals with speech or hearing disabilities may dial 711 to access Telecommunications Relay Service (TRS) from a telephone or TTY.

Go to FAQs

Consider the investment objectives, risks, charges and expenses before investing in the California 529A Qualified ABLE Program (CalABLE Program). Please call toll-free 833-Cal-ABLE (833-225-2253) or read our Program Disclosure Statement (PDF) containing this and other information. Read it carefully.

Before investing in any ABLE program, you should consider whether your home state provides its taxpayers with favorable state tax or other benefits that are only available through investment in the home state's ABLE program. You also should consult your financial, tax, or other adviser to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to directly contact your home state's ABLE program, or any other ABLE program, to learn more about those plans' features, benefits and limitations. State-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

The CalABLE Program is offered by the State of California. Vestwell State Savings LLC is the program manager. Vestwell Advisors LLC is the investment advisor registered with the Securities and Exchange Commission.

None of the State of California, its agencies, Vestwell State Savings LLC or Vestwell Advisors LLC nor any of their applicable affiliates insures accounts or guarantees the principal deposited therein or any investment returns on any account or investment option, and you may lose the principal amount invested. They also do not provide legal, financial, tax, or investment advice to any individual. The FDIC-Insured Portfolio is FDIC-insured up to $250,000, subject to certain restrictions. Interests in the CalABLE Program are not registered with or in any way approved by the Securities and Exchange Commission or by any state securities commission.

The Plan Web site is for informational purposes only, and does not constitute an offer to sell or solicitation of an offer to buy any security that may be referenced on the site. Such offer or solicitation can be made only through the Disclosure Statement.

The Plan Web site contains links to other Web sites. Neither the Plan nor Vestwell State Savings LLC and its affiliates are responsible for the content of those other Web sites. The accuracy of information on those sites cannot be confirmed.

The Prepaid Card is issued by Sunrise Banks N.A., St. Paul, MN 55103, Member FDIC, pursuant to license from Visa U.S.A., Inc. This card can be used everywhere Visa debit cards are accepted. Use of this card constitutes acceptance of the terms and conditions stated in the Cardholder Agreement.

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