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11 Jan STABLE Account Team Celebrates CCBDD!

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The STABLE Account Team would like to express gratitude for your organization’s dedicated partnership in promoting the remarkable benefits of STABLE Account. We would like to share a few program updates with you and let you know that our team is always available to attend events within your community, host presentations or webinars for families and/or team members and maintain ongoing support to accountholders.

The Treasurer’s office is always looking to get the word out about the life-changing benefits of the STABLE Account program. Recent years have seen significant growth in program participation, as enrollment has grown from fewer than 10,000 accountholders in January 2019 to nearly 38,000 accounts today. But even in light of that growth, we feel we’re still just getting started and that there remains a multitude of avenues to educate families and raise awareness about the power of STABLE accounts.

With that thought in mind, if you have not done so already, we’re asking that you consider adding a link to stableaccount.com on your organization’s website and ensure that our program flyers are up to date. Through this site, individuals and families can not only learn about program eligibility, benefits, and its various investment options, but they can also open an account in less than 10 minutes time. Additionally, if your organization would like to receive a packet of printed program flyers for distribution at your office or at events, we would be happy to send them to you upon request.

Stableaccount.com has downloadable program flyers and info that you can link to your website or newsletters as well. 

As we welcome 2024, we are pleased to announce the new ABLE annual and lifetime limit increases as well as the 2024 fee reduction: 

  • General Contributions: $18,000 (up from $17,000 in 2023)
  • ABLE to Work: $14,580 (up from $13,590 in 2023)
  • Lifetime Max: $541,000 (up from $517,000 in 2023)
  • As part of our ongoing commitment to enhance the accountholder experience, accountholders will soon see a reduction to their annual Account Maintenance Fee. Beginning January 1, 2024, this fee will be reduced from $27 per year to $15 per year for all Ohio residents.