As early as this year, states may begin offering a new type of tax-favored account, known as an ABLE account, that enables certain individuals with disabilities to save for qualified expenses without losing their eligibility for government benefits, such as Medicaid and Supplemental Security Income (SSI). Amounts saved in an ABLE account are generally not counted when determining eligibility for and the amount of benefits authorized by means-tested federal programs. However, special rules apply to SSI: u If the ABLE account balance exceeds $100,000, the beneficiary’s SSI benefits will be suspended until the account balance falls below $100,000. Medicaid benefits will not be affected. u Distributions from an ABLE account for housing expenses may affect SSI benefits. The Federal government gave states the authority to offer ABLE accounts to qualified disabled individuals with the signing of the Achieving a Better Life Experience (ABLE) Act in 2014. Since then, many states have enacted their own ABLE laws and have begun to develop their state programs, some of which may open in 2016.