Typically, Social Security and Medicare benefits are not affected by a reverse mortgage. However, in some cases, needs-based government programs such as Supplemental Security Income and Medicaid may be impacted. Under these federal and programs, loan advances that are retained by the borrower in a readily available form beyond the end of the month in which they are received could be viewed as a liquid resource and might reduce your benefits or potentially disqualify you from further benefits. Therefore, you should consider how you elect to receive your reverse mortgage proceeds and how you manage those proceeds to maintain benefit eligibility. Since there are variations in Medicaid programs in certain states, it’s important to check the specific rules for your state. For example, depending on where you live, you might consider receiving loan proceeds through a line of credit rather than a lump sum or scheduled installment, then carefully managing each line of credit advance to protect your benefits. GoodLife Reverse Mortgage Specialists will always take the time to listen to your unique circumstances to find the best possible solution for your specific needs. Give us a call to discuss your options.