Social Security income may affect Medicaid eligibility

When you turn 65 and qualify for Medicare, some or all of your Medicare costs could be paid by Medicaid if you qualify. People in this situation are known as “dual eligibles” and they number more than 10 million!

Medicaid eligibility is based in part on your income, and includes part of your Social Security benefits. Here are the basics on taxation of Social Security benefits.

Medicaid is regulated at the state level, and states have different income standards. The State Health Insurance Assistance Program (SHIP) provides free Medicare counseling and should have someone in an office in your state who can help you.

You will need to know details about your Social Security benefits when you contact SHIP. If you don’t already have these details, you can open an online My Social Security account. It will show you projections of your benefits at different claiming ages.