Homes Often Don't Count Against You for SSI, SSDI, Medicaid, Section 8 & Other Benefits

In many cases, a home you own won't count against you for a variety of supplemental support. That said, there are some cases when exceptions apply where it will, such as some cases, i.e. if both under 65 & income you produce from the home could disqualify you (i.e. renting out rooms).

Homeownership typically helps, not the other way around.

Impact on Cash vs Mortgage Purchases

In most cases, the longer that you've owned a home (or the stronger your equity position, i.e. cash purchasers), the more that having a home will help you if you become disabled or retire. When it comes to assistance for the disabled &/or low income, cost reducing options are critical, as it's your income primarily, in some cases your disability, & in some cases non-excluded assets that count against you.

Section 8: There are Ownership Options with It

Social Security Including SSI & SSDI: Home Typically Excluded

• SSI Supplemental Security Income: Home Ownership Not Typically Counted Against Someone

• SSI: Public Shelter 2/3 Rule Could Negatively Impact SSI

• SSI: Other Living Situation Potential Negative Impact to SSI

• More on Social Security Exclusion of the Home

• SSDI Social Security Disability Income: Home Ownership Not Typically Counted Against Someone

• SS Social Security Retirement Income

Disclaimer

What is Optional State Supplementation (OSS)?

OSS Eligibility Highly Depends on the State

OSS & SSI vs Medicaid for Residential Settings

OSS: Home Exclusion Highly Depends on the State But Often Significantly Impacts OSS

Does OSS Home Exclusions Mean that One Shouldn't Own a Home?

Medicaid: Home Typically Excluded

Per dss.virginia.gov "REAL PROPERTY EXCLUSIONS FOR THE AGED, BLIND AND DISABLED" document:

• Medicaid: Disclaimer

• Medicaid: Home Definition & Impact Basics: Home Typically Excluded

• Medicaid: Nursing Homes

• Medicaid: When Real Property Other than the Home Doesn't Count Against You

• Medicaid: Selling Real Property

• Medicaid Disqualifiers, i.e. Life Insurance in VA

Medicare: No Negative Impact by Homeownership

Mortgages & Programs to Reduce Home Cost

Tax Relief for Disabled Veterans

Other Local Real Estate Tax Deferrals & Relief

Other Local Personal Property Tax Deferrals & Relief

Should you defer?

About the Author: Adam Garrett - 3rd Generation REALTOR®

Related:

• DOES WHERE I LIVE AFFECT HOW MUCH SSI I CAN GET? (Social Security Website)

• Homeowner Resources

• 10+ Types of No Down Payment Required Mortgages

• Programs to Reduce Rent for Tenants

• House Buyer Guide

• What Adam Offers Buyers

• House Seller Guide

• What Adam Offers Sellers

• About the Author

• Contact Adam