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 $$$.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat