Treasurer Announces Changes to Disability Savings Program

Illinois Treasurer Michael Frerichs says updates to the state’s disability savings program could help more people protect essential public benefits while building savings. Frerichs announced lower fees, new investment options, and a mobile app for Able UP accounts, formerly Illinois ABLE. The accounts allow eligible people to save without automatically jeopardizing benefits such as Supplemental Security Income or Medicaid. The program is open beyond Illinois, though Illinois taxpayers who contribute may qualify for a state income tax deduction. A federal eligibility expansion taking effect January first, 2026, raises the qualifying disability onset age from before 26 to before 46.