August 25, 2017 – The ABLE National Resource Center, managed by National Disability Institute (NDI), is excited to congratulate the State of Colorado on becoming the 28th state to launch an ABLE program. The Colorado ABLE Program, named Colorado ABLE, is administered by Colorado ABLE @ CollegeInvest, managed by Ascensus College Savings Recordkeeping Services, Inc. and backed by BlackRock, Schwab, Vanguard and Fifth Third Bank. Colorado ABLE accounts are available to eligible individuals with disabilities.
Colorado ABLE allows qualified individuals with disabilities to save up to $14,000 a year and up to $100,000 in total 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 the beneficiary in increasing and/or maintaining his or her health, independence or quality of life. The maximum account limit for a Colorado ABLE account is $400,000.