The Texas Achieving a Better Life Experience (“Texas ABLE®”) Program was established to encourage and assist individuals with disabilities and their families in saving funds to pay for many disability-related expenses critical to maintaining the individuals’ health, independence, and quality of life. The Texas ABLE Program is established and maintained by the Texas Prepaid Higher Education Tuition Board with assistance from the Texas Comptroller of Public Accounts.
Monthly account maintenance fees for new and existing customers have been lowered effective October 1, 2021.
Click here for information on the new U.S. Bank Focus Card, a prepaid debit card, for Texas ABLE accounts.
The Texas ABLE Program is offering virtual learning opportunities about our plan. Join us for our next webinar or schedule a virtual presentation by contacting our outreach team.
An individual must be a Texas resident who developed his or her qualifying disability before the age of 26 and meet certain other requirements.
Use the Eligibility Wizard to determine if you are eligible to open a Texas ABLE Program Account.
There are certain limitations on the types of expenses that can be paid from the funds that are saved and invested in a Texas ABLE Program Account. These expenses, called Qualified Disability Expenses, need to be:
Incurred while the Designated Beneficiary is an Eligible Individual,
Related to the disability of the Designated Beneficiary, and
For the benefit of the Designated Beneficiary in maintaining or improving his or her health, independence, or quality of life.
When you contribute money to your Texas ABLE Program Account, your money will be invested in one or more Investment Options. The Program offers you four Managed Allocation Options and one Bank Savings Account Option from which to choose. You may allocate your contributions to one of the Investment Options, or you may choose to allocate your contributions to more than one Investment Option.