If i recieve a large sum from a life insurance policy, will it affect my disability?

Question

i am on disability and will be recieving a large amount of money from a life insurance claim. Will I still be able to draw my disability,medicaid, and medicare or will they stop it because of the amount of money I'm getting?

Answer 1

No, it won't affect it at all.  Your disability payments are NOT tied to your income.  Medicare is probably because of the disability, and not tied to your income/assets, either.

Medicaid, however, IS usually tied to income/assets.  So it will likely affect your Medicaid.   But it shouldn't matter too much, as you'll have the assets to pay your costs.