ABLE accounts are used by people with disabilities as a tax-advantaged way to save for qualified disability expenses. ABLE accounts can be added as assets indirectly as a 529 account, and requires expenses be marked as education expenses. Having an account type specific to ABLE accounts would be much more straight forward.

More information can be found here - https://www.irs.gov/government-entities/federal-state-local-governments/able-accounts-tax-benefit-for-people-with-disabilities

Contributions to the ABLE account can be tax deductible for some states and distributions from such accounts can be tax-free if used for expenses related to a persons’ disability (varies from state-to-state).

As of Jan 2026, they are changing the eligibility criteria to include disability onset up to age 46 (from the current 26). This account type will likely be more common in the future.