UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: jerryab Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 861  
Subject: Re: Duh, make that SSD? Qs Date: 7/31/2010 3:44 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 3
Social Security can not be garnished or levied unless it is for back taxes, child support, or a student loan. If you have other income, open a separate bank account just to receive your SSDI payment. That makes it easy to NOT mix money from multiple sources. If your ONLY income is from SSDI, then you only need one bank account.

You will be getting some payments for backpay from Social Security for what they undepaid you. It will take up to a year, but you will get it all. Be prepared and know how you will spend that money--or save it for later. There are asset limits for Medicaid, so if you have too much money, you won't get Medicaid until you have spent down to those limits.

Medicare Part A is already paid because you qualified for SSDI.

Medicare Part B will be a monthly payment deducted from your SSDI check every month--$100 or so. State MAY cover premium if you are eligible (because it saves THEM money).

Medicare Part C = Medicare Advantage plans--you don't have it (it is Part B + extra stuff for which you pay more).

Medicare Part D--you get it and pay for it. State MAY cover premium if you are eligible (because it saves THEM money). Try to get your doctors to write 90-day prescriptions = save serious $$$.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement