A PA ABLE account gives individuals with qualified disabilities (Eligible Individuals), and their families and friends, a tax-free way to save for disability-related expenses, while maintaining government benefits. Federal and state law authorized the creation of PA ABLE accounts.
PA ABLE Savings Program accounts are an addition to, not a replacement of, government programs and do not affect eligibility for any federal needs-based programs including Medicaid. There is a limitation for Supplemental Security Income (SSI) benefits. For example, accounts up to $100,000 are not considered in determining eligibility for SSI. Benefits of the accounts are outlined here.
This video gives an overview of the program. For more information visit the program website at https://www.paable.gov/