Treasurer Garrity Announces Fee Reduction for PA ABLE Pennsylvania Treasurer Stacy Garrity today announced that a new fee reduction for PA ABLE (Achieving a Better Life Experience) account owners went into effect on Sept. 1, 2025 — the sixth PA ABLE fee reduction since she took office in 2021. “Every dollar counts for Pennsylvanians with disabilities, and this latest fee cut is another step in making sure PA ABLE account owners are saving as much as possible,” Treasurer Garrity said. “PA ABLE is a tremendous program that helps our friends and neighbors with disabilities live more independently and build financial stability.” This latest fee cut is the result of the National ABLE Alliance (NAA) surpassing $700 million in assets. PA ABLE is the largest member plan in the NAA with total assets of more than $175 million. The reduction of two basis points lowers program management fee ranges from 0.30%-0.36% to 0.28%-0.34%. This reduction results in about $35,000 in savings across the PA ABLE program. PA ABLE offers tax-advantaged savings options for people with disabilities. Saving with PA ABLE does not impact eligibility for important benefits such as Supplemental Security Income and Medical Assistance. PA ABLE allows contributions of up to $19,000 annually. With ABLE to Work this limit may be higher for employed individuals who do not contribute to an employer-sponsored retirement plan. Funds saved with PA ABLE are easily accessible and can be used for a wide range of disability-related expenses, from day-to-day things like groceries and rent, to bigger expenses like assistive technology, vehicle adaptations and more. No federal or state income tax is paid on PA ABLE account growth or withdrawals when used for qualified expenses. Currently to save with PA ABLE, a person’s disability must be onset prior to the age of 26. Starting in 2026, this age rises to 46, expanding to include millions more Americans, including one million Veterans.
Treasurer Stacy Garrity Announces PA ABLE Website Treasurer Stacy Garrity today announced the launch of the redesigned PA ABLE Savings Program website, paable.gov. The new website makes it easier for individuals to learn about the many benefits of PA ABLE, open a new account, and access their existing PA ABLE account. “With the launch of our new PA ABLE website, we’re making it easier than ever for people to learn about, and access, this amazing program,” Garrity said. “Making sure every Pennsylvanian with a disability knows about PA ABLE is the first step to helping them live more independently. Revamping our resources to make them as accessible as possible is just one way we’re helping more Pennsylvanians save for a secure future.” The new paable.gov was built from the ground up. It streamlines navigation and content, integrates frequently asked questions within relevant pages, and includes changes that make it easier and more convenient for account owners and prospective account owners to find the information they need about PA ABLE. It also gives users the ability to easily translate every page on the new site to Spanish. This feature is powered by Google Translate. More than 9,000 PA ABLE accounts are open with over $120 million in assets. PA ABLE gives individuals with qualifying disabilities a tax-free way to save and invest without impacting important benefits. All federal benefits are protected, including Medical Assistance (Medicaid) and, with some limitations, Supplemental Security Income (SSI) benefits, as are many Pennsylvania state benefits. As savings earn interest or returns over time, neither federal nor Pennsylvania income tax is owed – and, when a withdrawal including that growth is taken, no income tax is owed as long as the withdrawal is used to pay for qualified disability expenses. PA ABLE offers seven different investment options, including an interest-bearing checking account. Account owners, along with family members and friends, can contribute up to $18,000 per year to a PA ABLE account. Contributions can be deducted on Pennsylvania state income taxes. Currently, to be eligible to save with PA ABLE, a person’s disability must onset prior to their 26th birthday – but the age limit will increase to 46 starting on Jan. 1, 2026. This is thanks to the ABLE Age Adjustment Act, which will expand ABLE eligibility to millions more Americans including one million Veterans. PA ABLE is one of the largest ABLE programs in the country and the largest program in the 19-member National ABLE Alliance, accounting for more than 25% of total Alliance assets. Since taking office, Treasurer Garrity has reduced fees three times for PA ABLE account owners. She is the inaugural chair of the National ABLE Savings Plans Network, a part of the National Association of State Treasurers dedicated to growing awareness, engagement and growth of ABLE Plans nationally. To learn more, visit paable.gov or call (855) 529-2253.
