WV ABLE Website

WV ABLE Website

WV ABLE’s website is live! Please visit the link below for more information. If you have questions, feel free to contact the WV State Treasurer’s Office at 1-800-439-1653 or the NWVCIL at 304-296-6091.

What is a STABLE Account?

A STABLE Account is an investment account available to eligible individuals with disabilities. STABLE Accounts are made possible by the federal Achieving a Better Life Experience (“ABLE”) Act. STABLE Accounts allow individuals with disabilities to save and invest money without losing eligibility for certain public benefits programs, like Medicaid or SSI. Earnings in your STABLE Account are not subject to federal income tax, so long as you spend them on “Qualified Disability Expenses.”

STABLE Accounts have some similar features to normal bank accounts, but they are not checking or savings accounts. STABLE Accounts are investment accounts, similar to 529 college savings accounts or 401(k) retirement accounts. When you deposit money into your STABLE Account, your money will be invested in different options that you choose. While you can still withdraw and spend your money whenever you need it, a STABLE Account also allows you to grow your money and to save long-term for disability expenses.

WVABLE is West Virginia’s ABLE plan.  The West Virginia Treasurer’s Office has partnered with STABLE Accounts and the Ohio Treasurer’s Office to offer this program to West Virginians with disabilities. Although STABLE Accounts are available nationwide, WVABLE is only available to West Virginia residents. Through WVABLE, West Virginians are able to open STABLE Accounts at discounted rates.