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Can a cash windfall affect my Medicare eligibility?

Dr. Michael Roizen, MD
Internal Medicine

A cash windfall should not affect your Medicare eligibility because Medicare is not based on income. A cash windfall may, however, affect the amount that you pay for Medicare premiums. Most people receive Medicare Part A (hospital insurance) without paying a premium, and they pay the standard premium for Medicare Part B (medical insurance). However, if your modified adjusted gross income is above a certain amount, you may pay more.

 For more information about how a cash windfall may affect your Medicare eligibility and premiums, contact a tax attorney or your local Social Security office.

No. If you suddenly become better off through an inheritance or a payoff from a lucky investment or any similar financial windfall, your Social Security disability insurance (SSDI) benefits will not be affected, nor will you lose your entitlement to Medicare.

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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.