If you receive an inheritance, personal injury settlement, or any sum of money, while on Social Security disability, what happens?
- If you're on SSDI only, nothing happens. This is because SSDI is not a needs-based program, meaning that you could have a million dollars in the bank or own any number of assets and you would still be entitled to your SSDI and your Medicare.
That's because you paid into the system while you were working. It's kind of like paying an insurance premium and now you're collecting your insurance policy – it doesn't matter how much money you have.
- However, if the disability you have is SSI, then receiving money will jeopardize those benefits.
