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.
- ALR
- Benefits
- Eligibility
- Fees
- General
- Gifting
- How it works
- Linking bank accounts
- Opening an account
- Prepaid card
- Qualified expenses
- Successors and Estates
- Tax benefits
- Can I connect more than one bank account to an ABLE account?
- Yes, you can connect more than one bank account as well as multiple types of bank accounts. Each account and type will need to be connected individually, but you can have both savings and checking accounts linked to your account at one time. The Account Owner/Custodian or Beneficiary must own the... Read more
- How do I add multiple bank accounts?
- Once you’ve logged in to your CalABLE account, find your “Account” section in Your Profile, and click on “Add a new bank account.” Follow the steps to connect a new bank account associated with either the beneficiary of the CalABLE account or the Authorized Legal Representative. Keep in mind that... Read more
- What type of bank accounts can I add?
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You can connect a checking or savings account.
- How do I manage different bank accounts with multiple beneficiaries?
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If you are managing ABLE accounts for more than one beneficiary, you can use the same banking information on multiple accounts. The bank account has to be added to each plan account individually.
- As an ALR, can I open and/or manage more than one CalABLE account?
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Yes. As long as you meet the ALR qualifications, you can open and manage multiple CalABLE accounts for beneficiaries as their Authorized Legal Representative. Remember that each CalABLE account can be connected to one or more bank accounts, and each beneficiary can have only one account at a time.
- As an ALR, how do I add another CalABLE account?
- Start by logging in to your existing account. In the upper right corner of your screen, or in the navigation on your mobile device, find the icon next to your name that looks like a profile picture. Click on the arrow to enable a drop-down menu. Find the link that says, “Add account.” Click and... Read more
- Do I use the same login information if I have multiple CalABLE accounts?
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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?
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Currently, you cannot transfer funds from one CalABLE account to another CalABLE account.
- Do I have to file separate taxes for each CalABLE account?
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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
