H.R. 9384: Stephen Wira ABLE Act

This bill would change how ABLE accounts are treated when figuring eligibility for Supplemental Security Income (SSI).

What ABLE accounts are

ABLE accounts are tax-advantaged savings accounts for people with disabilities. They are meant to help people save money for disability-related and other approved expenses without losing certain public benefits.

What changes

Under current law, if money in an ABLE account goes above a certain limit, the amount above that limit can count as a resource for SSI purposes. This bill would:

• Raise that limit from $100,000 to $150,000 for calendar year 2026.
• After 2026, adjust the limit each year based on inflation, using the Consumer Price Index for All Urban Consumers.

How the annual update would work

For each later year, the limit would be set at the higher of:

• the previous year’s limit, or
• the previous year’s limit increased by inflation over the prior 12 months ending June 30.

The Social Security Commissioner would be responsible for calculating the new amount and publishing it in the Federal Register by November 1 of the prior year.

Practical effect

In plain terms, the bill would let people with ABLE accounts keep more money in those accounts without having it count against them for SSI eligibility. This could reduce the chance that someone loses SSI benefits because their ABLE account balance is too high. It would also make the limit rise over time instead of staying fixed.

Relevant Companies

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