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Governor's Commission on Disability

ABLE - Achieving a Better Life Experience

In December of 2014, the federal ABLE Act was signed into law allowing for individuals with disabilities to create tax-free savings accounts to cover qualified expenses without endangering the individual's eligibility for benefits programs. In 2016, New Hampshire enacted SB 265 (now known as RSA 195-K), which allows for the establishment of an ABLE savings account program here in our state.

While NH prepares for its launch of an ABLE savings account, NH residents may wish to consider the option of contacting other states which have instituted programs. Please note that while individuals are free to pursue ABLE accounts in other states, the final determination as to eligibility will be made by the respective state or their representative.

The NH State Treasurer and the Executive Director of the GCD are vigorously researching the most effective means to facilitate accessibility to ABLE accounts for NH residents.

For more about ABLE, please visit the Able National Resource Center.

 

 

 


Governor's Commission on Disability  |  121 South Fruit Street, Suite 101, Concord, NH 03301
Toll-Free NH: 800-852-3405  |  603-271-2773  |   Fax: 603-271-2837  |  Disability@nh.gov
 

copyright 2009. State of New Hampshire