Can I Have a Savings Account Without Affecting My Disability Benefits? 

When it comes to SSI (Supplemental Security Income) and Medicaid, it is important to be aware of how your actions and finances can affect your benefits. Along with limited income, having less than $2,000 in assets for a single person (and less than $3,000 for a couple) is a qualification requirement.  So, does that mean you cannot put more than a few thousand dollars aside while also maintaining your benefits?  Not at all.

The solution is an ABLE account.

Through the Achieving a Better Life Experience (ABLE) Act of 2014, states were authorized to create tax-free savings and investment accounts designed specifically for individuals with disabilities.

employU has partnered with ABLE United to offer our clients another resource in obtaining a brighter financial future. Florida’s qualified ABLE program is called ABLE United. Through the program, qualified candidates can open an account with just $25 and start saving what they can, when they can. With an ABLE account, individuals have the opportunity to save up to $15,000 per calendar year and can utilize the funds saved on a variety of expenses including everyday expenses, school, and more.

“At ABLE United, it is our mission to provide Florida’s disability community the opportunity to save to support their health, independence, and quality of life,” said ABLE United Director John Finch. “Partnering with employU just makes sense – as our work and passion for this community are in perfect alignment.”

Other benefits of an ABLE account include the ability to:

  • Access to your account at any time
  • Withdraw funds as needed
  • Allow family and friends to contribute to your account through your gifting page
  • Link funds to a bank account or use the reloadable prepaid card


“One of the best things about an ABLE account is its flexibility,” shared Finch.

As a full-service employment vendor, at employU we teach our clients that saving is a critical piece of financial independence. When our clients secure that long-term career they have worked tirelessly to achieve, it is now time to look to the future towards financial freedom. An ABLE account can do just that by putting their hard-earned money to work for them.

“It’s also important for those working to know that with ABLE to Work, there’s an opportunity to save above the $15,000 annual contribution limit,” said Finch. “If you’re working, and not currently saving through your employer’s retirement program, you can save up to $27,490 each year.”

For more information on how an ABLE account can help you reach your financial goals watch this overview video or visit