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I'm on Medicaid and fell behind on bills. My rent is $650 a month. I receive SSI of $943 month. I took out multiple loans to stay up to date on all my bills. I never reported it due to severe health issues and being scared. I've paid all of the loans back, but never reported them. Am I going to go jail over this?

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I would not worry about it now, you paid them back. But if you need to get a loan in the future, I would ask the caseworker how that will effect you.

Is SSI Social Security or Supplimental income? $943 is not much to live on. HUD has apts where you pay 30% of your monthly income towards rent. That would leave you $660 a month. If 943 is Social Security you maybe able to get Supplimental insome too.
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Reply to JoAnn29
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no
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Reply to Karsten
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Bona fide loans are not considered income for Medicaid purposes in Colorado, the state I live in. This is because the borrower is obligated to repay the loan. However, any remaining loan proceeds on the first day of the month after receiving them are considered a countable resource. You can Google your state for more info.

HOW DOES A LOAN AFFECT MY SSI BENEFIT?
If you enter into a valid loan agreement, the value of the cash or item you receive is not income and does not reduce your Supplemental Security Income (SSI) benefit.

However, any funds that you borrow which you do not spend in that month will count toward your SSI resource limit of $2,000 for an individual (or $3,000 for a couple) the next month.
 
Hope this helps. 😊
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Reply to lealonnie1
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Ruby, I am uncertain just why you think that being on Medicaid means you cannot/should not or would not pay your bills?
I am assuming you haven't lied to Medicaid about your assets; am I correct?
I am sorry, but I think I am not understanding your question for us.
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Reply to AlvaDeer
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AlvaDeer Sep 27, 2024
I think after Lea's answer I am more getting this. No, if you took out loans that has no repercussions as regards Medicaid. You may be without funds now and unable to repay these loans. Don't worry about that if you have no assets. They cannot touch your social security unless they're something odd and special like student loans. That won't pertain to you. If you have a home they could try to get a judgement and a lien on that home that would pay when heirs attempted to sell after your death, but you are now pretty much what they call "judgement-proof". No one can collect against you. So sorry the financial worries are there for you.
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