Photo of State Senator Will Schroder, Ashley Meier Barlow, Parent Allison Ball, KY State Treasurer Amanda Stahl, Advocate

Accessing the New Kentucky ABLE Accounts

The STABLE Kentucky program has launched in Kentucky to make savings more accessible for everyone! This program allows qualified individuals with disabilities to save up to $14,000 a year in an ABLE account without jeopardizing their eligibility for federally-funded means tested benefits, such as Supplemental Security Income (SSI) and Medicaid. The funds in the account can be used for disability-related expenses that assist in increasing and/or maintaining health, independence or quality of life. For more information visit

In addition, HDI’s Carolyn Wheeler will be offering a webinar on “Financial Tools: ABLE Accounts and Special Needs Trusts” on noon on Friday, January 27 to explain the different financial options now available to individuals, families, and service providers. Join the webinar via Zoom here.

These recently available accounts are exciting for families and individuals who want to work and earn money to improve their lives but who also rely on government programs for health insurance or supplemental income. This important development is key in constructing a new framework of financial independence for people with disabilities.

Kentucky Revised Statutes § 205.200 establishes the rules for STABLE Kentucky, and the Office of Kentucky State Treasurer Allison Ball manages this program.