Organization Name: Ascensus ABLE Consortium Trust
(Show others in Organization)
P O Box 219603
Kansas City, MO 64121-9781
Toll Free Phone: 888-609-8915
Email: ri.clientservice@savewithable.com
Eligibility: Disability was present before age 26 meet criteria to be eligible for SSI or SSDI or obtained a disability certification, including a physician’s diagnosis, that the individual meets certain severity of disability criteria.
Services Provided: With RI's ABLE, you can save for qualified disability expenses without losing your eligibility for certain assistance programs, like SSI and Medicaid. The earnings on your investments are federally tax-deferred and tax-free, if used for qualified disability expenses.
Provider Profiles: The Member Plan is sponsored by the state of Rhode Island and administered by the Executive Office of Health and Human Services (EOHHS) and the State Investment Commission. The Member Plan is one of the qualified ABLE plans issued by the Ascensus ABLE Consortium Trust. Ascensus College Savings Recordkeeping Services, LLC, the Program Manager, and its affiliates have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping and administrative services. The Member Plan offers a series of investment options within the Ascensus ABLE Consortium Trust. The Member Plan is intended to operate as a qualified ABLE plan to be used only to save for Qualified Disability Expenses, pursuant to the Section 529A of the U.S. Internal Revenue Code, as amended.
Source: Rhode Island Dept of Health, Office of Special Needs
Last Updated: 6/28/2018