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#31 (permalink) | |
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Registered User
Join Date: Jan 2007
Location: Puyallup, Washington
Posts: 780
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Why can't I work? There are medical reasons why; and what are those medical reasons? Well, to be frank, that’s none of your business. |
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#32 (permalink) |
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I'm listening to everyone
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I was told that Medicaid (or Medicare?) and welfare are required for you to have them. Medicaid is very risk because the government is allowed to take your house away when you dies. If you have a child(ren), they are forced to loose everything and find a place to live - except it cannot touch your children's bank - I don't remember now. If you don't believe me, you ask the agent about it. The best way is for you to set up a trust fund for your children until they die. Then, I assume that the government takes it away.
If you have Medicare, then it will not take your house away unless you live with your parent's home with their Medicare/Medicaid, and if your parent is at a nursing home for a long term, then, that could be a problem. I do not want to read everything on a long policy. Medicaid info: Overview Estate Recovery Treatment of Trusts Medicaid changes its policy every few years without a notice. |
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#33 (permalink) | |
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Registered User
Join Date: Jan 2007
Location: Puyallup, Washington
Posts: 780
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#34 (permalink) |
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Banned
Join Date: Oct 2006
Location: On The Road Again
Posts: 375
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It may feel like a penalty when SSI reduced from spouses earnings. But the intent of SSI is supplemental income to basically keep you alive and relatively comfortable at a minimum cost. It is not a pension or such. It is more like welfare...low cost. When your spouse works....you begin to get your SSI reduced after about $650 dollars of spouses earnings per month. Like a dollar per dollar after $650. So if she/he makes $950 take home for that month your SSI might be reduced 300. Somewhere in that area.
It really is like a penalty if raising kids. But get tax returns per child for working parent credit. It is a bit tight money and spouse can become resentful. And disagreements of monies. If both on SSI and living tofether I believe both reduced some. But now the inbalanced income not there. |
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