(Des Moines) State Treasurer Roby Smith announced a major expansion of eligibility for IAble, increasing the age-of-disability-onset to age 46. The change will allow thousands more Iowans with disabilities take control of their finances while saving with a tax-advantaged plan, that supports greater independence and financial security.
Previously, only people whose disability began before age 26 were eligible for an IAble account. Under new federal guidelines, individuals with a qualifying disability that began before age 46 may now open and contribute to an account.
IAble accounts allow eligible people to save and invest money for qualified disability-related expenses such as housing, transportation, education, employment training, healthcare, assistive technology and more.
For more information about IAble eligibility, benefits and how to open an account, visit IAble.gov.
