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  1. #1
    Join Date
    Jul 2019
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    1

    Default Can I Keep the Money from Selling My House if on Disability

    My question involves a person located in the state of:Florida
    I would like to sell my home am I able to keep the money from the sale if I am on SSDI and Medicaid with foodstamps?
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  2. #2
    Join Date
    Oct 2006
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    15,424

    Default Re: Can I Keep the Money from Selling My House if on Disability

    Quote Quoting debdavis50
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    My question involves a person located in the state of:Florida
    I would like to sell my home am I able to keep the money from the sale if I am on SSDI and Medicaid with foodstamps?
    \
    Your SSDI shouldn't be a problem, but you will lose the food stamps and Medicaid if you have cash resources available.

  3. #3
    Join Date
    Sep 2010
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    19,059

    Default Re: Can I Keep the Money from Selling My House if on Disability

    Quote Quoting llworking
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    Your SSDI shouldn't be a problem, but you will lose the food stamps and Medicaid if you have cash resources available.
    And SSI if he's receiving that. For all of these (SSI, SNAP, etc..) the principal residence is not a countable asset. Once you sell it, unless you roll the money into a new residence, it counts against you (and the asset thresholds are low, typically in the $2000-3000 range, varies by program).

  4. #4
    Join Date
    Jun 2014
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    3,038

    Default Re: Can I Keep the Money from Selling My House if on Disability

    Quote Quoting flyingron
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    And SSI if he's receiving that. For all of these (SSI, SNAP, etc..) the principal residence is not a countable asset. Once you sell it, unless you roll the money into a new residence, it counts against you (and the asset thresholds are low, typically in the $2000-3000 range, varies by program).
    The resource limits are higher for Medicare Savings Program (Medicaid with Medicare)

  5. #5
    Join Date
    Sep 2010
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    19,059

    Default Re: Can I Keep the Money from Selling My House if on Disability

    It is for MSP, Medicaid if you don't use the MAGI test is pinned at $2000.

  6. #6
    Join Date
    Jun 2014
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    3,038

    Default Re: Can I Keep the Money from Selling My House if on Disability


  7. #7
    Join Date
    Sep 2010
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    Default Re: Can I Keep the Money from Selling My House if on Disability

    Quote Quoting Mercy&Grace
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    Yeah so, MSP and Medicaid are two different programs with two different sets of requirements. They're not even administered by the same people.

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