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Jefferson City, MO — In a joint announcement today, the Missouri State Treasurer Vivek Malek and U.S. Senator Eric Schmitt proudly celebrate a major milestone for the Missouri Achieving a Better Life Experience (MO ABLE) program, which has surpassed 4,000 active accounts. This milestone comes as Senator Schmitt’s federal legislation, the Ensuring Nationwide Access to a Better Life Experience (ENABLE) Act, successfully passed the U.S. Senate, reinforcing his and Treasurer Vivek Malek’s shared commitment to enhancing opportunities for individuals with disabilities.

The MO ABLE program was established in 2017 under the leadership of then-Treasurer Eric Schmitt. His efforts in creating and championing the program have made it possible for thousands of Missourians with disabilities to save and invest through tax-free savings accounts while preserving eligibility for critical benefits. Today’s announcement underscores the growth and continued impact of this program on Missouri families.

“Reaching over 4,000 active MO ABLE accounts is a tremendous accomplishment and underscores the importance of providing tools and resources to help Missourians with disabilities achieve financial security,” said Treasurer Malek. “We are grateful to Senator Schmitt for his continued leadership at the federal level in ensuring programs like MO ABLE have the support they need to continue growing and serving more families.”

The ENABLE Act, sponsored by Senator Schmitt, makes permanent several provisions that allow individuals with disabilities to save money in tax-advantaged ABLE accounts without losing eligibility for essential benefits like Medicaid and Supplemental Security Income. The bill’s passage by the Senate is a significant step forward in providing long-term stability to programs like MO ABLE and promoting broader financial inclusion for individuals with disabilities.

“Surpassing 4,000 active accounts in the MO ABLE program is a testament to the work being done at the state level by Treasurer Malek and his team,” said Senator Schmitt. “When I started the MO ABLE program as Missouri’s Treasurer, it was with the vision that these accounts could provide individuals and families the tools to build a secure financial future. My son Stephen was the first ABLE account in Missouri, and I know firsthand how important ABLE accounts are to individuals with disabilities and their families. The ENABLE Act will ensure that even more families across Missouri and the nation can build their future.”

The Missouri State Treasurer’s Office and Senator Schmitt’s office are committed to continued collaboration in promoting the MO ABLE program and expanding access to these critical savings opportunities for Missouri families.

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