Treasurer Stacy Garrity Announces $200 Million PA ABLE Milestone

Harrisburg, PA - Pennsylvania Treasurer Stacy Garrity announced today that the PA ABLE Savings Program has surpassed $200 million in assets. PA ABLE (Achieving a Better Life Experience) accounts are a tax-free way for Pennsylvanians with disabilities and their families, to save and invest without impacting eligibility for important benefits such as Social Security Income (SSI) and Medicaid.

"Reaching $200 million in assets is an incredible achievement and a testament to how important PA ABLE is for people across the Commonwealth. PA ABLE empowers Pennsylvanians with disabilities by providing the opportunity to build financial security, plan for the future and live more independently."

States were authorized to create ABLE programs following the passage of federal ABLE legislation in 2014. PA ABLE was enacted in 2016 following the passage of legislation championed by Sen. Lisa Baker (R-20), with the first account opening in 2017.

Since its inception in 2017, the program has grown to more than 12,000 accounts, with assets totaling more than $200 million. Over this same period, PA ABLE account owners have used approximately $76.7 million to help pay for disability-related expenses, like groceries, rent, healthcare, transportation and longer-term expenses, including education and assistive technology.

PA ABLE offers multiple savings and investment options. Account owners can contribute up to $20,000 per year, with higher limits available for certain employed individuals. Contributions (up to $19,000) are deductible from Pennsylvania state income taxes, and account growth is tax-free when used for qualified withdrawals.

Since taking office, Treasurer Garrity has reduced fees six times for PA ABLE account owners and expanded Treasury's outreach efforts to ensure Pennsylvanians across the Commonwealth are aware of the program and its benefits.

Treasurer Garrity was also a strong advocate for the federal ABLE Age Adjustment Act that expanded eligibility for ABLE accounts, increasing the age of disability onset from before age 26 to before age 46. This has made millions more Americans - including approximately one million veterans - eligible to open ABLE accounts as of January 2026.

To learn more about eligibility or to open an account, visit paable.gov, email [email protected] or call 855-529-2253.