Treasurer Garrity Announces Fee Reduction for PA ABLE

Harrisburg, PA - Pennsylvania Treasurer Stacy Garrity today announced that a new fee reduction for PA ABLE (Achieving a Better Life Experience) account owners went into effect on Sept. 1, 2025 -- the sixth PA ABLE fee reduction since she took office in 2021.

"Every dollar counts for Pennsylvanians with disabilities, and this latest fee cut is another step in making sure PA ABLE account owners are saving as much as possible. PA ABLE is a tremendous program that helps our friends and neighbors with disabilities live more independently and build financial stability."

This latest fee cut is the result of the National ABLE Alliance (NAA) surpassing $700 million in assets. PA ABLE is the largest member plan in the NAA with total assets of more than $175 million. The reduction of two basis points lowers program management fee ranges from 0.30%-0.36% to 0.28%-0.34%. This reduction results in about $35,000 in savings across the PA ABLE program.

PA ABLE offers tax-advantaged savings options for people with disabilities. Saving with PA ABLE does not impact eligibility for important benefits such as Supplemental Security Income and Medical Assistance. PA ABLE allows contributions of up to $19,000 annually. With ABLE to Work this limit may be higher for employed individuals who do not contribute to an employer-sponsored retirement plan.

Funds saved with PA ABLE are easily accessible and can be used for a wide range of disability-related expenses, from day-to-day things like groceries and rent, to bigger expenses like assistive technology, vehicle adaptations and more. No federal or state income tax is paid on PA ABLE account growth or withdrawals when used for qualified expenses.

Currently to save with PA ABLE, a person's disability must be onset prior to the age of 26. Starting in 2026, this age rises to 46, expanding to include millions more Americans, including one million Veterans.

On Wednesday, Sept. 24, at noon Treasury will host a webinar discussing how PA ABLE and Social Security Disability work together. Visit paable.gov/webinars to register for this and other future webinars.

To learn more about PA ABLE, visit paable.gov, or call 855-529-ABLE (2253).