Treasurer James Diossa Celebrates National ABLE Savings Day with Record Growth and Expanded Eligibility on the Horizon
Published on Thursday, August 14, 2025
For Immediate Release
Date: August 14, 2025
Contact: Grace Voll
401-255-0817
Treasurer James Diossa Celebrates National ABLE Savings Day with Record Growth and Expanded Eligibility on the Horizon
Providence, RI – Rhode Island General Treasurer James Diossa today joined states with ABLE plans across the country in celebrating “National ABLE Savings Day”, highlighting the life-changing benefits these accounts provide to individuals with disabilities and their families and sharing exciting news about the program’s rapid growth and future expansion.
ABLE (Achieving a Better Life Experience) accounts allow eligible individuals to save and invest in disability-related expenses without affecting important federal benefits such as Medicaid or SSI. Nationwide, more than 204,000 people with disabilities have opened ABLE accounts. Rhode Island’s ABLE program is part of this growing movement, providing residents with the tools they need to build greater independence, pursue employment goals, and enhance their quality of life.
Last year, Treasurer Diossa pledged to grow Rhode Island’s ABLE program by 150% by the end of 2026, from about 400 accounts to 1,000. Today, the state is already well ahead of schedule, with 750 accounts and an average balance of roughly $10,000 in each account.
“This growth is about more than numbers; it’s about more Rhode Islanders gaining the freedom to plan their futures with dignity and security,” said Treasurer Diossa. “ABLE accounts help individuals with disabilities save for education, housing, transportation, or health care without jeopardizing important federal benefits. Every new account opened is another life with greater independence and opportunity.”
Under current eligibility rules, individuals can enroll in an ABLE account if their disability occurred before age 26. However, starting in January 2026, that eligibility age will increase to 46 under a new federal law.
Treasurer Diossa encouraged Rhode Islanders to learn more about how an ABLE account could help them or a loved one. “If you or someone you know is eligible, I urge you to open an ABLE account. It’s a powerful step toward financial freedom.” he said.
To open an ABLE account or learn more, visit here.
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