• Offering Palmetto ABLE accounts to South Carolinians with disabilities
  • Tax-free savings plan for disability-related expenses
  • Save and invest without losing federal needs-based benefits
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Palmetto ABLE accounts give people with special needs more independence and financial security

Learn more about Palmetto ABLE® accounts
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What are the benefits?

Tax Free Earnings

Tax-Free Earnings

Earnings on savings are tax-deferred and tax-free when used to pay for qualified expenses.

Financial-Benefits-Not-Affected

Financial Benefits Not Affected

Balances and distributions do not affect federal needs-based financial aid such as Medicaid or SSI.

Subject to some limitations

The-STABLE-Card

The STABLE Card

Participants can request their own STABLE Visa® Prepaid Card that can be used to spend money on qualified expenses.

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Saving & Investing

  • MAKE EASY DEPOSITS ONLINE

    Contribute up to $15,000 per year. If employed, you may be able to contribute up to an additional $12,490 of income.

  • DIVERSE CHOICES

    Choose from among five different investment options, including four mutual fund based investments and one FDIC-insured investment.

  • FLEXIBLE CHANGES

    Freedom to change your investment options twice every calendar year.

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Qualified Expenses

Use the money in your account to pay for any expense related to your disability — not just medical expenses. Examples of things you can use your Palmetto ABLE account for:
  • Basic Living Expenses
  • Housing
    Housing
  • Transportation
    Transportation
  • Education
    Education
  • Assistive Technology
    Assistive Technology
  • Employment Training
    Employment Training
  • Personal Support Services
    Personal Support Services
  • Legal Fees
    Legal Fees
  • Health & Wellness
    Health & Wellness
  • Financial Management
    Financial Management
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Still have questions?

Visit the Palmetto ABLE Frequently Asked Questions page or contact us below.