You Can’t Lose with an MiABLE Account!

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MiABLE is a state-operated, federally approved program where account holders and their loved ones can save and invest money without losing eligibility for government benefits like Supplemental Security Income (SSI) or Medicaid. The state reports that although approximately 300,000 Michigan residents with disabilities are eligible for MiABLE, less than 1 percent of those who qualify are currently using the accounts.

Many people with disabilities want to work but are fearful of losing their Medicaid and other benefits if they have more than $2,000 in assets. With a MiABLE account, you can save and invest up to $15,000 per year to pay for expenses such as rent, tuition, vehicle purchases, healthcare, personal needs and long-term care. If you’re employed, you may be able to contribute up to $12,140 of your income – increasing the total yearly contribution limit to $27,140.

Account holders can withdraw and spend their money at any time, but they can also grow their money and save for the future. Earnings in MiABLE accounts are not subject to federal income tax and contributions to MiABLE accounts are tax-deductible. Anyone can contribute to a MiABLE account – family, friends and the account holder.

MiABLE accounts are available to individuals who develop their physical, developmental or mental disability before age 26. To find out if you’re qualified, or to sign up for a MiABLE account, visit MiABLE online at