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?
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.
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. 😊
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.