Enrolling in NY ABLE is easy.
1. Gather information including:
- Name, Date of Birth, Address, Social Security Number or Tax Identification Number, and Phone Number of the eligible individual
- Basis of eligibility
- Category of disability
2. Choose investments
When establishing an ABLE Account, enrollees will also choose how they would like their contributions invested from among the Investment Options offered by NY ABLE.
3. Get started with as little as $25 ($15 if using payroll deduction)
To open an account, enrollees may complete an Enrollment Form online or via paper form. In addition to the disability criteria already described (see Eligibility), an Account Owner must be a U.S. citizen or resident alien, have a Social Security number or tax identification number, have a valid permanent U.S. street address, and have established residency in the State of New York.
Opening a NY ABLE account on behalf of an eligible individual?
A NY ABLE account can be opened by:
- An eligible individual
- A parent or legal guardian of the eligible individual
- A person granted power of attorney on behalf of the eligible individual
If a person other than the eligible individual is opening the account, their relationship to the Account Owner and legal authority, if applicable, will be required. Additional documentation may be requested as the Enrollment Form is reviewed.
Call us at 1.855.5NY.ABLE (1.855.569.2253) Monday – Friday from 8 a.m. – 8 p.m. ET
New York State Relay System: 711 or 800-662-1220
No Guarantee: None of the State of New York, its agencies, Ascensus Investment Advisors, LLC, Ascensus Broker Dealer Services, Inc., nor any of their applicable affiliates insures accounts or guarantees the principal deposited therein or any investment returns on any account or investment option. Except to the extent of Federal Deposit Insurance Corporation (FDIC) insurance provided for the Checking Option, NY ABLE accounts will be subject to investment risks, including loss of the principal amount invested.
Investments are not FDIC-insured (Except for the Checking Option). No Bank, State or Federal Guarantee. May Lose Value.