This week, the North Carolina Department of State Treasurer announce that the NC ABLE program reached approximately $53 million in asset and 5,000 accounts, according to a report presented to the Board of Trustees. The board, chaired by State Treasurer Brad Briner, reviewed enrollment trends, program performance, and outreach initiatives and a proposed administrative budget for fiscal year 2026-2027.
NC ABLE program allows eligible individuals with disability and their families to save and invest for qualified disability expenses through tax-advantaged accounts. At the meeting, NC ABLE reported 152 new accounts in August 2026, the highest monthly enrollment. The milestone followed consistent efforts to increase public awareness, expand eligibility and simplify enrollment.
"Every new NC ABLE account represents another opportunity for someone with a disability to save for the future and gain greater financial independence. Reaching $53 million in assets is an encouraging milestone, but our focus remains on making sure more eligible individuals and families know this opportunity exists," Briner said.
The board also received an update on recent changes affecting account eligibility and access. Under expanded federal rules effective in 2026, individuals whose qualifying disability began before age 46 may be eligible to open an ABLE account. The previous age threshold was 26.
The program also has introduced enrollment improvements intended to simplify the process for eligible individuals and their authorized representatives.
