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Lump sum payments and medicaid Apr 30, 2001 Recently you responded to a question regarding LTD lump sum buyout. There is one consideration not brought up by the the questioner or yourself. If he takes the lump sum it might affect elligibility for medicaid benefits (here I'm assuming that because he is on SSDI he is also on or will be on medicaid). If he has more than 2,000 in assets he will have to "spend down" those assets to below 2,000. The resulting situation would mean that he would not be able to use the lump sum for future living expenses. |
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| Response from Mr. Berg
 If your medicaid assumption is correct, then yes, asset limits are a vital consideration. | ||
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