Oregon ABLE Savings Plan

E238187

The Oregon ABLE Savings Plan is a state-sponsored, tax-advantaged savings program that allows people with disabilities and their families to save for disability-related expenses without losing eligibility for critical public benefits.

All labels observed (2)

Label Occurrences
Oregon ABLE 1
Oregon ABLE Savings Plan canonical 1

How this entity was disambiguated

Statements (42)

Predicate Object
instanceOf ABLE savings program ⓘ
state-sponsored savings program ⓘ
tax-advantaged savings plan ⓘ
accountOwner eligible individual with a disability ⓘ
accountType individual savings account ⓘ
administeredBy State of Oregon ⓘ
linked to: Oregon
allows tax-advantaged growth of savings ⓘ
withdrawals for qualified disability expenses ⓘ
alsoKnownAs Oregon ABLE ⓘ
basedOn Achieving a Better Life Experience Act of 2014 ⓘ
beneficiaryType individual with a qualifying disability ⓘ
benefitProtection account balances up to certain limits are disregarded for Medicaid resource tests ⓘ
account balances up to certain limits are disregarded for SSI resource tests ⓘ
benefitType savings and investment vehicle for disability-related needs ⓘ
categoryOfExpenses qualified disability expenses ⓘ
country United States ⓘ
eligibilityCriterion onset of disability before age 26 (federal ABLE standard during 2014–2025) ⓘ
enables families of people with disabilities to save for disability-related expenses ⓘ
people with disabilities to save for disability-related expenses ⓘ
goal to promote financial independence for people with disabilities ⓘ
modeledAfter 529 college savings plans ⓘ
protectsEligibilityFor Medicaid ⓘ
Supplemental Security Income ⓘ
purpose to help people with disabilities save without losing eligibility for public benefits ⓘ
qualifiedExpenseType assistive technology ⓘ
basic living expenses ⓘ
education ⓘ
employment training and support ⓘ
financial management and administrative services ⓘ
health care ⓘ
housing ⓘ
legal fees ⓘ
transportation ⓘ
regulatoryFramework federal ABLE Act and related IRS and SSA guidance ⓘ
savingsDoNotCountAgainst certain federal means-tested benefit limits ⓘ
sponsoredBy State of Oregon ⓘ
linked to: Oregon
state Oregon ⓘ
targetPopulation Oregon residents with disabilities ⓘ
taxAdvantaged true ⓘ
taxTreatment earnings grow tax-deferred for federal tax purposes ⓘ
qualified withdrawals are tax-free for federal tax purposes ⓘ
website https://oregonablesavings.com/ ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Oregon State Treasury → oversees → Oregon ABLE Savings Plan ⓘ
Oregon ABLE Savings Plan → alsoKnownAs → Oregon ABLE ⓘ
linked to: Oregon ABLE Savings Plan