SSDI and assets

[11cvolley]

I just found out the VA is granting me 100%. I also get SSDI. Can my wife and I own two new vehicles and still get SSDI?

[GuaymasJim]

Your "estate" has no bearing what so ever on SSDI or Service-Connected Disability compensation. None!  Earned income can have effect both.  You can win Powerball millions and it won't matter.

If you are awarded a pension, then everything matters.

[Carl the Engineer]

Assets do matter when one or both goes into an assisted living or nursing home.  When my mother went into assisted living, it was/is paid for by medicare (medicare advantage plan), medicaid and county resources.

My father could only have the house (as long as he lived in it), one car and $58,000.00 in assets.  And only a $2000.00 bank balance.  

He would take out all his money from the bank after his SSI deposit every month and put in a metal box in his closet.

He too, went into a facility and we had to take over the finances, etc.  He has since passed away.

It worked well as my parents had given their kids the home over 20 years earlier, so we still have the home.  He had to sell his car and could only keep, again, $2000 in the bank.

My wife is on SSDI and it is not asset based.  However, some of the medicare assistance programs are.  Hence we would have to get private insurance if I didn't have insurance through work to pay whats left after medicare, and for the drugs, as I make to much money for those programs.

FWIW,

Hamslice