Benefit Overview 2017-03-31T14:30:28-06:00

   Benefit Overview

Government Benefits Overview

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Many people receive government benefits. Receiving money from a settlement can jeopardize or eliminate certain government benefits.

There are two main types of government benefits:

  1. Needs-based benefits
  2. Benefits not based on need (entitlement benefits)

Needs-Based Benefits

Needs-based benefits are benefits based on the financial need of the recipient. Eligibility for needs-based benefits is dependent on your income and/or assets.

If you receive needs-based benefits, receiving money from a settlement could jeopardize or eliminate those government benefits.

Some of the most common needs-based benefits include:

  • Medicaid
  • Supplemental Security Income (SSI)
  • Section 8 Housing (Housing Choice Voucher Program)
  • Supplemental Nutrition Assistance Program (SNAP— often called Food Stamps)
  • Veteran’s Pension (often called Aid & Attendance)
  • Medicare Savings Programs

Benefits Not Based on Financial Need

Benefits not based on financial needs are based upon some other criteria. This type of government benefit is often called an entitlement benefit because the eligibility requirements are based on people “paying into the system” either financially or through personal service in the military.

If you are receiving a benefit that this not based on financial need, receiving money from a settlement will not impact your eligibility for that benefit.

Some of the most common benefits that are not based on financial need include:

  • Medicare
  • Social Security Retirement and Social Security Survivor payments
  • Social Security Disability Insurance (SSDI, sometimes also abbreviated as SSD)
  • Most Veterans Benefits (except for Veterans Pension and Survivors Pension)

Next Step: Verify Your Benefits

Next, you need to verify which benefits you are receiving. Please click on the button below for instructions on how to figure out exactly which benefits you are receiving.

Start Step 2: Verify Benefits