Rhode Island's ABLE Account is a savings program designed for individuals with disabilities. Here's a brief overview:

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1. Purpose: ABLE stands for Achieving a Better Life Experience. These accounts allow people with disabilities to save money without losing eligibility for certain public benefits programs, like Medicaid or Supplemental Security Income (SSI).

2. Eligibility: Generally, individuals who developed a disability before age 26 can open an ABLE account.

3. Tax advantages: Contributions to ABLE accounts grow tax-free, and withdrawals are tax-free when used for qualified disability expenses.

4. Contribution limits: There are annual contribution limits, which may change from year to year.

5. Qualified expenses: Funds can be used for various disability-related expenses, including education, housing, transportation, health care, and more.

6. State-specific: While Rhode Island has its own ABLE program, residents can choose to open an account in any state that accepts out-of-state residents.