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• What are qualified expenses?

  There’s a wide range of qualified expenses that cover most expenses related to your disability. Some of these include: living expenses, education, housing, transportation, employment, vacation, job training, career support, assistive technology, personal support services, health, prevention,...

• What are the fees?

  There are minimal costs associated with maintaining a STABLE account through STABLE Kentucky. Under STABLE Kentucky, Kentucky residents pay $2.25 per month to maintain a STABLE account. There is a small asset-based fee of between 0.19% and 0.33%, depending on their chosen investment options. There...

• 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...

• What do I need to do with my IRS Form 5498-QA form?

  Keep this form in your records for future reference. You're not required to file it with your tax return.

• What do I need to open an account?

  Make sure you have this information handy:  Your email address; Your birthday; Social Security Number or Tax Identification Number; Residency address.  If you’re an Authorized Legal Representative, you’ll need the same information as the beneficiary’s, plus your work status.  If the beneficiary...

• What happens after the death of a beneficiary? Is there a Medicaid payback?

• What happens if I no longer want to have an online gifting page for my account?

  No problem. You can delete it anytime you want, and the contributions that have previously been gifted (including pending contributions) will stay in the account.  Just sign into your account, go to the Overview tab, and click on the gifting module. Select “Edit this page” and then click “Delete...

• What happens if I try to spend more than what is on my card?

  If there are not enough funds on the STABLE Visa® Card to cover a purchase, the transaction will simply be declined. There are no overdraft fees. 

• What happens if I withdraw money for a non-qualified expense?

  You will have to pay taxes plus a 10% penalty on the earnings portion of the withdrawal. A withdrawal used for non-qualified expenses could affect your eligibility for Supplemental Security Income (SSI) benefits, Medicaid, or other much needed benefits under federal or state programs.

• What happens if the beneficiary is no longer eligible for an account?

  If a beneficiary no longer meets eligibility requirements, they (or their Authorized Legal Representative) should log into their account and go to Account Settings to update their eligibility. Their account will remain open, and they can continue to use the account. However, withdrawals made at a...