What is a MOABLE account?

During open enrollment this year, qualified Missouri State University employees will have the ability to elect a new benefit.

MOABLE is a program powered by the Achieving Better Life Experience (ABLE) Act.  It is federal legislation that allows families and individuals with disabilities the opportunity to create tax-advantaged accounts that can be used to help maintain health, independence, and quality of life.  To view more on ABLE accounts click here.

This benefit will allow qualified families and individuals with disabilities to save and invest up to $15,000 per year without losing federal government benefits such as Medicaid or SSI. Prior to the ABLE act individuals could only have $2,000 saved before losing needs-based benefits. 

Who is eligible?

• An “eligible individual” is someone whose disability began before the age of 26, has been living with their disability for at least one-year, or expects their disability to last for at least a year.
• An individual must also do one of the following; be eligible for SSI or SSDI; have a condition listed on the Social Security Administrations List of Compassionate Allowances; or Self-Certify the diagnosis.
• Visit MOABLE.com/eligibility to take a quick and easy eligibility quiz to learn more.

How do I open an account?

• Open an account online at MOABLE.com
• You can open your account with as little as $50.00

Once your account is opened you can sign during open-enrollment up for automatic payroll deduction beginning January 2021 and have it deposited into our MOABLE account.

You can view the MOABLE Fact sheet here.

Please contact the Office of Human Resources with any questions 417-836-5102.