CHARLESTON, W.Va. (WVDN) – State Treasurer Larry Pack today celebrated the 8th anniversary of WVABLE – a savings program offered by the State Treasurer’s Office that provides individuals with disabilities the opportunity to save and invest without jeopardizing needs-based public benefits.
“Over the last eight years, my Office’s WVABLE Savings Program has helped empower hundreds of West Virginians with disabilities to become more financially independent,” Treasurer Pack said. “I’m proud West Virginia was one of the first states to launch this program that has removed barriers for individuals with disabilities and their families to save for their future. Now, even more individuals with disabilities can start saving thanks to the ABLE Age Adjustment Act, which took effect at the start of this year. Tens of thousands of West Virginians will benefit from this move, including our state’s veterans who developed a disability later in life.”
The ABLE Age Adjustment Act raises the age limit for the onset of a disability from before 26 to before 46. It is estimated this will increase the number of those eligible for an ABLE account by 6.5 million nationwide, including one million veterans.
In 2014, Congress passed The Stephen Beck, Jr. Achieving a Better Life Experience Act – the ABLE Act. This legislation enabled state-run savings plans, which are modeled after 529 savings plans, to allow eligible individuals to save and invest money without harming their ability to receive public benefits. Prior to the passage of the ABLE Act, individuals with a disability were not permitted to save more than $2,000 without being at risk of losing federal needs-based benefits, such as Supplemental Security Income (SSI) and Medicaid.
Since the program’s inception, WVABLE accountholders and their families have saved over $12.8 million. The average WVABLE account balance is more than $10,500, which is over five times the amount individuals with a disability were permitted to save before the program was established.
During 2025, WVABLE’s assets under management increased by nearly 34 percent at $10.8 million with 1,043 active accounts. This year, WVABLE set a record for the largest growth in enrollments with more than 225 West Virginians enrolling in a WVABLE Account.
WVABLE is administered by the West Virginia State Treasurer’s Office through a partnership with the Ohio Treasurer’s Office STABLE program. For more information about WVABLE, or to sign up for an account, visit www.wvtreasury.gov/WVABLE.
