What can I use the card for? Can it be used for automatic, reoccurring charges?
You can use your STABLE Visa® Card anywhere Visa is accepted, including online bill-pay. Your card can be used for a number of everyday living expenses geared toward improving your health, independence, and quality of life. The list includes, but is not limited to:
Reoccurring charges like living expenses, rent, transportation, etc.
Education
Employment, training, and support
Assistive technology
Personal support services
Health, prevention, and wellness
Financial management
Administrative services
Legal fees
Oversight and monitoring
Please note: If you use the card to pay for something that does not qualify, you’ll have to pay tax on the investment growth, plus a 10% penalty on earnings for non-eligible expenses. Also, keep in mind that a portion of your non-qualified withdrawals could count against your eligibility for Supplemental Security Income (SSI) benefits or Medicaid.