Use
Qualified Disability Expenses
The Louisiana ABLE plan is designed to support greater independence and quality of life for people with disabilities — and peace of mind for those who care for them. Savings have the potential to grow tax-deferred, and when used for qualified disability expenses, withdrawals are tax-free.
Qualified disability expenses include both the everyday and long-term costs that come with living with a disability, such as:
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Education
Tuition, books, tutoring, and related expenses
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Health, prevention, and wellness
Doctor appointments, insurance premiums, prescriptions, equipment, therapies, and other health-related needs—planned or unplanned.
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Housing *
Rent, mortgage payments, utility bills, home repairs,
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Financial Management and Administrative Services
Budgeting assistance and financial planning services
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Transportation
Public transit, vehicle modifications, and ride services
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Legal fees
Expenses related to establishing a trust, guardianship or starting a small business
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Employment training and support
Job training, coaching, and related services
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Expenses for oversight and monitoring
Services that ensure the well-being of the beneficiary
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Assistive technology and related services
Devices and services that assist daily living
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Funeral and burial expenses
End-of-life expenses
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Personal support services
Services that aid in daily activities
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Other expenses
Other expenses may be identified by the Internal Revenue Service
* Money withdrawn for housing expenses must be used within the same month it is withdrawn. It's important that you withdraw funds for housing expenses as close as possible to the date the payment is due.
Different ways to withdraw
It's easy to access your funds how and when you need them.
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Use a debit card
Pay for expenses using a debit card linked to your checking account. This is the recommended option if you need funds for immediate use or ongoing expenses.
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Set up systematic withdrawals
Prefer to schedule a withdrawal at the same time each month? Establish systematic withdrawals with a checking or savings account number and bank routing number.
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Request a withdrawal online
If you need funds for an expense in the near future, we recommend logging in to the account online to request a check or transfer into a bank account.
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Call us
If you need additional assistance, call us at 800-259-5626 and select 3.
FAQs
Learn More about Withdrawals
The account administrator can request a check. Checks can be written to the Account Owner, the Authorized Person on the Account and/or to any third party.
Unlimited withdrawal amount up to the available balance. Point of sale purchases and/or ATM withdrawals with the Fifth Third debit card have daily withdrawal limits.
There is no minimum withdrawal amount.