If a person collecting monthly SSI income should win a $10,000 or $20,000 sweepstake, will the SSI money become takeable ? will the sweepstake money be taxable ? Will they lose SSI or medicare/medicaid benefits ?a new computer needs to be bought. two vehicles need to be extensively repaired. $7,000 in personal/ privately borrowed money needs to be repaid. extensive medical needs to be sought after. entire sweepstake money could be spent. SSI money will be spent on Rent, & living expenses as usual, and only that. sweepstakes money would be spent on everything else. no money coming in from Medicaid, no lawyer represented me while applying for benefits.
SSI has a resource limit of $2000 for unmarried individuals and $3000 for married individuals. You will have to report earnings to Social Security. There are some options. You can spend down the money and buy or pay for things that will not be counted as part of your resource limit. Examples include paying off loans, purchases of household items. For more information on how income and countable resources, visit http://www.socialsecurity.gov/ssi/text-resources-ussi.htm
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I agree with Mr. Pham. The sweepstakes money can affect the eligibility of SSI benefits. You will need to spend down those benefits carefully. If you were represented by an attorney while applying for disability I would contact them to ask how these earnings will specifically affect your case. Medicaid needs to be considered as well. Improper spend down of Medicaid could make you ineligible for up to 36 months. It's best to consult with your attorney who helped you file for disability. Good luck.
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You are eligible for medicaid because you receive SSI. So if you don't spend down, and lose SSI then you'd also lose your medicaid. But congratulations if you did win!
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