Reverse Mortgages' Affect On Social Security

A reverse mortgage does not affect your social security because social security is not a needs-based program. Instead social security benefits are calculated by average indexed monthly earnings. For more information visit www.ssa.gov. This means reverse mortgages will not have an impact on your social security benefits.

Reverse Mortgages' Affect On Medicare

Your Medicare benefits will also not be affected by a reverse mortgage. Again, Medicare is not a needs-based program, and the income you receive from a reverse mortgage will not impact your Medicare benefits.

Reverse Mortgages' Affect On Needs-based Programs

Be aware, that needs-based programs like Medicaid and SSI (supplemental security income) may be affected if you get a reverse mortgage.

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