Social Security Benefits and Structured Settlement Payments?
iloveveggiesnstuff asked:
My sister is disabled and receives a social security benefit (SSDI) check each month. She also receives a check monthly from an insurance company due to a car accident she was in a few years back. That is her only income. She qualifies for and uses Medicare.
My sister is disabled and receives a social security benefit (SSDI) check each month. She also receives a check monthly from an insurance company due to a car accident she was in a few years back. That is her only income. She qualifies for and uses Medicare.
She wants to get a lump sum payment from her structured settlement payments and use that to pay off bills etc.
Will getting all that extra money automatically disqualify her from getting Medicare and SSDI?
Social Security Benefits
Social Security Benefits
No. She gets Medicare, because she’s on SSDI. SSDI is NOT based on your income or assets. It won’t affect the SSDI/Medicare benefits at all.