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Cash Loan while on Medi-Cal

Does getting a cash loan as a lump sum impact Medi-Cal benefits (California)? Does it impact the potential to get SSI for a disability (metastatic cancer)? Some of the loan will be used to pay mortgage. Another portion will be used to fix the roof, plumbing etc. 

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Ask California Med-cal

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yes as it does. Due to those government subsidies being based off of the house hold income.

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Beth in Peyton, CO
Feb. 2, 2019

no clue, call SSI authorities to get some answers

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I think you should check with Medi-Cal as I believe a lump sum amount of money would impact disability for sure. Then again, if it is a cash loan and isn't reported to anyone, who cares?

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I don't know what California laws are at this point in time.

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I don't think it impact Medi-Cal but I'm not from (Califorina) and I don't know their laws. It don't matter why you borrow the money you still have to pay it back. It should not affect SSI either.

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Danielle D.
Oct. 23, 2018

Sure it does.

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Michael in Naples, FL
Oct. 23, 2018

A lump sum loan payment may reduce the monthly SSI you receive or may make you ineligible for SSI, because it may be considered a resource that can be used to meet your need for food or shelter. However, there are some exceptions. Find them by Googleing: SI 00830.099 to find income that will not impact your SSI benefit. Review the list to find out if your loan is on this list, and you will have your answer.

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User in Surprise, AZ
Oct. 22, 2018

I do not know this answer, bec I do not earn SSDI check.

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Sosena in Laurel, MD
Oct. 21, 2018

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I do not live in California. And not familiar with Medi-Cal program.

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I believe a lump sum; can impact a cash loan while on medi-cal,i am not sure if it impact the potential to get ssi for a disability;i hop not

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Using the money for a primary home, home repairs or a primary vehicle are absolutely OK. AS long as the money is used up by your next check you will still receive benefits on time.

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No because it is a loan, you still will owe money you receive, possibly more with interest. Should not affect your short term or long term financial status in and of itself, i.e. just getting a lump sum loan.

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My simple answer, NO.

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Zakia in Coppell, TX
Oct. 13, 2018

You must Always seek such Answers from your Financial Adviser. If you do not have one, your best bet is to use Free Consultation Time offered by Attorneys and visit with some of your local Estate and Disability Attorneys... Google Attorney listing Websites and see if helpful in making informed decisions.

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User in Lakeland, LA
Oct. 11, 2018

you would have to call your local office and explain your situation

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No i don't get loan as a lump impact Medi-Cal benefits

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Here is a website you can review, that may be of help to answer your question: https://ca.db101.org/ca/progra...

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no, I think it is for medicine

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It depends on what Medi-Cal program you are on. Most programs allow you to have no more than $2,000 in total nonexempt countable resources for a single person and $3,000 for a married couple. As far as SSI Disability, if you enter into a valid loan agreement, the value of the cash or item you receive is not income and does not reduce your Supplemental Security Income benefit. However, any funds that you borrow which you do not spend in that month will count toward your SSI resource limit of $2,000 for an individual, or $3,000 for a couple, the next month.

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no it does not.

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some can affect benefits

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Brenda in Marina, CA
Sept. 28, 2018

Getting a lump sum depending on how big could get your Medi-Cal cut off until the state thinks you have had time to live off of it. SSI I'm not sure.

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Ruth in Raleigh, NC
Sept. 27, 2018

I don't have Medi-cal and i don't need a loan.

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Sonya in Rothbury, MI
Sept. 26, 2018

I recently had this conversation with someone who is on disability. I'm not sure what California laws are but in Michigan it does effect it. If they earn more then a certain amount they will possible lose their benefits

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Janet in Hemet, CA
Sept. 25, 2018

I am not sure of the legalities of a cash loan but, judging from past experience, it would not impact either Medi-Cal nor SSI because monies would not be sitting in a bank account and exceed the limits on the 1st of any given month (check with your worker to be sure, though). The reason I am replying is to ask whether you have considered utilizing funds available to help with home upkeep or even a reverse mortgage (if there is equity in the home). Just curious, because often loans will come with high interest rates and wondering if you had considered other options for these needs?

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I believe so.

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Yes, your income and resources can affect your monthly amount of benefit income.

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Ana in Palm Harbor, FL
Sept. 25, 2018

I know in the state of Florida they go back five years from when you apply for SSI.

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Robin in Eufaula, AL
Sept. 24, 2018

depending on what they want you to pay them back and how much you can spare to spend extra each month

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Tracy in Haverhill, MA
Sept. 24, 2018

I believe it would impact receiving SSI benefits because it is still considered income even though it is going to be used for home repairs.

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Patricia in Ogden, UT
Sept. 23, 2018

I don't know.

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User in Plano, TX
Sept. 22, 2018

You will most likely lose your public assistance benefits for a time,

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Maureen in Modesto, CA
Sept. 20, 2018

loans are loans you have to pay them back! It is not considered income.I worked in human services many years and worked with the disabled population.

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sorry I have no idea .

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Linda in Biloxi, MS
Sept. 20, 2018

no it doesn't as long as it is cash. Checks however will effect your medicare/Medicaid.

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If its a legitimate loan that you have to pay back, (and you have the written loan agreement) then it should not be considered income and should have not bearing on your SSI benefits. They are looking at assets and income. If its a cash gift from a family member, for instance, then it would reduce your benefits for that month dollar for dollar.

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Alicia in Kiowa, CO
Sept. 19, 2018

i do not kwon

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look it up

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Cheryl in Tucson, AZ
Sept. 18, 2018

Loans are not considered income.

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I rather answer this question in face to face setting.

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I am not really sure. I would not think getting a loan would impact the Medi-Cal benefits because Medi-Cal benefits is something you put in while you are working. It is automatically taken out from your paycheck. I also do not think it will impact the potential of getting SSI disability if you are sick and unable to work. You just have to prove it.

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Carol in Barstow, CA
Sept. 16, 2018

yes it does counts for income

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Susie in Visalia, CA
Sept. 15, 2018

Yes. all assets, earned income and other sources of income are how Medi-Cal determines benefits and continued eligibility.

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Denise in Edmond, OK
Sept. 15, 2018

I've never lived in California, not familiar with their Medi-Cal benefits pertaining to loans or mortgage underwriting restrictions. I have studied as a realtor associate all people do have a right to live comfortably, safely, in a home while on SSI, disability, or any legal source of income. Fixing a leaking, damaged roof,and, or plumbing should be a safe housing requirement for safety , weatherization programs may have specific programs through state, or local housing agencies be available to improve residence in most states in USA. Housing inspections can be done through referrals where a person finances their loans, such as a community credit unions, and literature can be found in local senior centers throughout most communities of senior information through DHS, or Elder services in your local office where you reside, and on the websites. Cooling A/C, in summer months, and fresh air circulation, safe working heaters, woodstoves, fireplaces, in the spring/winter season,for year round residential health matters, proper sanitation requirement in all state public, private housing, or assisted living communities. Plumbing is for flushing your toilet, bathing, laundry dishes, cooking, cleaning etc., Having proper roofing, insulation etc., protects your home year round from all types of temperatures, and weather. The amount of the cash loan would be used specifically for remodeling/updating necessary repairs, paying mortgage payments, ( probaly less stressful, more privacy, to see family/friends) while keeping the patient residing in their home thats receiving medical treatment, Oncologist, and agencies can assign community nurse to go to the home to give treatment with hospice, priest, or rabbi pray with then etc., metastatic cancer, (spread from original site through other systems/organs of the body).

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User in Tustin, CA
Sept. 14, 2018

I suggest call Medi-cal directly, so not to be misled or misunderstood. As I see it, not necessarily. because it would be considered a debt, not INCOME, do see what I'm saying? It's not extra $ for household, or food, or clothing, it is a debt you INCURRED for means of repairs, etc.(not for means of living off of)They are not going to DING you for asking, so ask? lIKE GI JOE SAID: KNOWING IS HALF THE BATTLE. (BE SMART, BE INFORMED =)

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Debbie in Milford, CT
Sept. 14, 2018

Hortencia J. Female | Part-Time tutor | Milford, CT where can I get in touch with this tutor

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Yes, because if you do not report enough taxed income to be taxed for SSI, when you are sickened with a chronic Illness it may not be covered under SSI Disability. Be sure to pay into SSI in order to receive Medicare part A and B, to help with any future Disabilities.

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Always seek professional help on SSI or be subject to mistakes in other people's opinions. What applies to one may not apply to others.

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Cynthia in Mesa, AZ
Sept. 12, 2018

Yes, it can. Did you report the loan as required? According to SSI, you can have up to $2000.00 in your bank. If you go over that, they cut you off or deduct from your disability checks what they determine you owe them as an over-payment. The loan probably won't interfere with medical benefits unless the amount of the loan is substantial.

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Mamie in Greenville, NC
Sept. 11, 2018

I have no idea

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