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'Medicaid & SSI' Category Archives

WARNING: How Reverse Mortgages Impact Medicaid, SSI Eligibility.

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Depending on which payment route a borrower chooses for a reverse mortgage, the loan proceeds could affect Medicaid or Supplemental Security Income (SSI) eligibility. Those who are 62 and older and are looking to supplement their retirement income through a reverse mortgage should also consider the implications this decision could have on any needs-based programs. [arlo_toc] Means-Tested Benefits For...
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Reverse Mortgages may be Saving the Government BILLIONS.

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Reverse mortgages were designed to help senior homeowners age in place. While they accomplish that goal for thousands of people today, there’s also a big picture benefit to the reverse mortgage program as a whole: It saves government money on entitlement programs such as Supplemental Security Income and Medicaid. In fact, by some estimates, reverse mortgages could save as much as $5 billion a year—or more—in...
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