PO Box 44309
is a savings and investment plan offered by the state of California to individuals with disabilities.
Eligible individuals, family, friends and employers can contribute up to $15,000 a year without affecting the account beneficiary's public disability benefits. CalABLE account owners who work can contribute even more to their accounts. Earnings on qualified withdrawals from a CalABLE account are federal and California state tax-free.
Individuals with a disability that occurred before age 26 are eligible to open a CalABLE account.
If you meet this age of onset requirement, and receive benefits under SSI (Supplemental Security Income) and/or SSDI (Social Security Disability Insurance), you are automatically eligible to open a CalABLE account.
If you are not a recipient of SSI and/or SSDI, but still meet the age of onset requirement, you could still be eligible if you meet Social Security’s definition and criteria regarding significant functional limitations and receive a letter of certification from a licensed physician.
While CalABLE is California’s ABLE Plan, any eligible individual in the country can open an account.
More info about CalABLE here
. More info about eligibility here