Receiving Medical Settlements
When a person receives settlements from asbestos injury its not taxaable,, but how about any changes to you Social Security and SSI benefits, it would not be fair for an ailing person to have to lose his or her benifits for SSA and SSI due to money received for medical settlements. whats your thoughts about this Thanks
Asked on 1/09/08, 3:54 am
1 Answer from Attorneys
Gerald Lutkenhaus
Virginia Workers Compensation & Disability Lawyer
Re: Receiving Medical Settlements
The only offset to worry about is if you receive workers compensation benefits vis a vie Social Security Disability. On the other hand SSI is welfare and any receipt of income or assets will reduce or eliminate your right to SSI since it is welfare.
Jerry Lutkenhaus
Answered on 1/09/08, 10:56 am
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