Q: If I get transferred 3500 dollars, and transfer it back to someone will I lose SSDI benefits?
I've had Disability income for years with no issues. A friend was trying to transfer money between her accounts, but was having trouble, so I said I could help. She transferred the 3500 dollars to my account, which I immediately transferred the 3500 dollars out of my account and into her target account. Will I get flagged or lose benefits for this? I hadn't thought of it until after the fact.
A:
In the situation you described, where you temporarily held $3500 in your account before transferring it to another account, it's important to understand how this might affect your SSDI benefits. Social Security Disability Insurance (SSDI) is typically not based on financial resources or assets, but rather on your work history and disability status.
Since SSDI is not a means-tested program like Supplemental Security Income (SSI), the temporary receipt and transfer of money should not directly impact your SSDI benefits. These benefits are primarily concerned with your ability to work, not your financial transactions or assets.
However, it's always wise to maintain clear records of such transactions. If there are any inquiries or reviews of your financial activities by the Social Security Administration (SSA), having detailed documentation can help clarify the nature of the transaction. This is particularly important if you also receive benefits that are sensitive to changes in income or assets, like SSI or Medicaid.
If you have concerns or if the SSA contacts you regarding this transaction, consulting with a legal professional or a representative from the SSA can provide clarity and guidance. They can help ensure that you comply with all relevant rules and regulations, and advise you on any necessary steps to maintain your benefits.
Remember, it's always better to err on the side of caution and seek advice if you're unsure about how certain financial activities might impact your benefit status.
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