State Treasurer Ken Simpler announces the launch of Delaware’s ABLE Plan. Similar to a college savings plan DEPENDABLE is a 529(a) tax-deferred savings account that can be used to pay for many daily, disability-related expenses. Click here to open an account or for More Info
“When we set out to implement Delaware’s ABLE Act, we had one overriding goal: empower Delawareans with Disabilities to secure their future. Built on a proven, multi-state platform with robust features, low costs and responsible investment choices, Delaware’s DEPENDABLE Plan allows them to do just that.”
– Ken Simpler, State Treasurer
There is no limit to what individuals with disabilities can do. Now, that includes saving, too. The State of Delaware offers a low cost 529(a) savings plan – DEPENDABLE – that allows individuals with disabilities and their families to save for a broad range of expenses on a tax-advantaged basis without jeopardizing their benefits from supplemental security income (SSI), Medicaid and other federal programs. Eligible individuals can open an account for themselves, or an authorized individual can open an account on their behalf.
Special Tax Advantages
No Impact on Current Benefits
Expenditures for non-qualified expenditures will be penalized (tax and potential SSI penalties).
How can I use my ABLE account?
Learn about responsible investment options.
I’m ready to open an account.
I have an ABLE account.
For questions regarding the Delaware DEPENDABLE Plan, click here to contact us.