About Texas Able
Achieving a Better Life Experience
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.
ABLE Plan Highlights
- Information on the U.S. Bank Focus Card, a prepaid debit card, for Texas ABLE accounts is now available.
- 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.
- The list of eligible Authorized Legal Representatives has recently been expanded, see the Program Disclosure Statement and Participation Agreement for more details.
An individual must be a Texas resident who developed his or her qualifying disability before the age of 26 and meet certain other requirements.
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.