If I buy home can I still be on medical or not?

I see we posted simultaneously. Your question involves areas of law with which I'm not familiar, i.e., whether or not benefits from an injury are taxable. It may be that the monthly sum is enough to keep you on a low income status, but a larger withdrawal would change that and create tax obligations.

I think you really ought to get either some legal or accounting advice to make sure you're not hit with a massive tax bill if you do take a larger withdrawal.

I'm sorry to learn of your injury. How is the $315K held? I ask because there may be tax consequences of taking a lump sum. If it's held by a financial institution on your behalf, you might ask them, although generally you should seek advice from an accountant.

They give me two options lamsum or monthly $900.00 . What I do.

Yes for injury

I'm confused how you could have $315,000 in assets that could be cashed out but be considered low income? Is that a settlement for an injury?

If you get a lump sum of $315,000 you will no longer be considered low income... thus no more Medicaid... you will need to purchase your own health insurance and that for your family.

Use the money wisely, if you take $35,000 as income from that lump sum, it will only last you 9 years [and that's without buying a house].

Pl anyone answer me ?